What people are saying - Write a review
We haven't found any reviews in the usual places.
Derivation of the Equilibria
5 other sections not shown
Other editions - View all
Accounting Research Additionally amount of misreporting amount of owner analysis audit evidence audit failure occurs audit failure rate audit quality equations audited high report auditor is held auditor's expected auditor's optimal business risk ceteris paribus conjecture Corollary costs of misreporting damage apportionment rule damage payments decoupling regime decrease economic equal equilibrium strategies expected liability payments expected payoff financial statements firm's price GAAS held liable HP rule imply that go increase in audit interactive equilibrium investors Journal of Accounting jury legal regime Lemma level of audit low report low-type firm low-type owner misreporting equilibria optimal audit quality owner insolvency insurance owner is bankrupt owner's expected costs owner's reporting strategy players price and audit pricing equations 6.1 pricing rule probability of misreporting proof Proposition quality equations 5.3 reports high Robert Cooter strict liability rule three damage apportionment vague liability rule