Auditors are subject to litigation exposure under federal securities laws and under state law. Research into auditors' liability under federal securities laws tends to make use of publicly available data from class action suits to examine factors associated with the incidence of litigation...

Attitudes play an important role in determining how the audit will be conducted, and thus, directly impact audit quality. In particular, regulators require that auditors maintain an attitude of professional skepticism and independence of mind throughout the financial statement audit. Despite the...

Regulators require auditors to raise significant audit issues and concerns to the attention of audit engagement leadership and requires leadership to encourage such communication. This paper demonstrates, using an experiment and a survey, that audit team members' willingness to speak up about...

Tax professionals are responsible for objectively evaluating tax authorities and evidence relevant to their application and for serving as client advocates. We predict that practice risk, i.e., exposure to monetary and nonmonetary costs of making inappropriate recommendations, will affect tax...