



Cpas' Awareness of Litigation Risk (Manuscripts) (Certified Public Accountant )
Academy of Accounting and Financial Studies Journal 2002, Sept, 6, 3
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Publisher Description
ABSTRACT This study examines CPAs' awareness of the litigation risk imposed by audit services. Using CPAs from selected states, I compare perceptions of litigation risk to three objective measures of litigation risk. The first measure is an important legal provision of audit litigation which is assumed to influence litigation risk. Litigation activity reported by the Department of Justice are used for the other two objective measures: frequency of litigation and the level of damages.
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