What question did this study set out to answer?

To assess the implications of auctions for audit services in a dynamic setting, highlighting challenges and drawbacks.

June 15, 2026Auditing A Journal of Practice & Theory

Auctions for Audit Services and Low-Balling.

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To assess the implications of auctions for audit services in a dynamic setting, highlighting challenges and drawbacks.
Critique of an article analyzing multi-period auctions for audit services from a practitioner's viewpoint.
Evaluation of factors such as privacy of audit fees, cost curves, and quality in auditing.
Discussion on the effects of low-balling and corporate memory loss in audits.
Identified issues with the privacy of bids and audit fees affecting audit quality.
Discussed the detrimental impact on corporate memory regarding specific transactions due to auction pressures.
Emphasized the necessity of robust quality control systems in audit processes.

Implication

Critique of auction dynamics impacting audit services, emphasizing fee privacy and quality control.

Abstract

Criticizes an article on the auctions for audit services phenomena in a multi-period dynamic setting from an audit practitioner's perspective. Privacy of audit fees and bids; Evaluation of the cost curve; Auditing as a value-added service; Loss of corporate memory of specific transactions; Quality control systems.

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Cite This Study

Brian Caine (1996) studied this question.

synapsesocial.com/papers/6a2f982ba1cfeec490829256 https://doi.org/10.2308/ajpt-9707113709

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Implication

Critique of auction dynamics impacting audit services, emphasizing fee privacy and quality control.

Auctions for Audit Services and Low-Balling.

Key Points

Implication

Abstract

Discussion

Cite This Study

Auctions for Audit Services and Low-Balling.

Key Points

Implication

Abstract

Discussion

Cite This Study

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