Keywords: Initial engagement
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Journal Articles
Managerial Auditing Journal (2013) 28 (8): 735–754.
Published: 30 August 2013
... on initial audit engagements even when audit fees are publicly disclosed. Further tests suggest that the auditor recovers the “sunk cost” invested during the initial engagement only during the fourth year of their audit engagement. Further, the paper finds price recovery is not significantly different from...

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