Kim Ittonen, Emma-Riikka Myllymäki, Per Christen Tronnes
This paper focuses on bank audit committees and examines whether audit committee members who are former auditors are associated with the acquisition of audit and non-audit services from their former employers.
The study empirically examines a sample of large banks that are included in the S&P Composite 1500.
The paper reports significantly lower audit fees and a higher proportion of non-audit fees to total fees when the audit committee chair is an alumnus o…
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