Abstract This article focuses on several aspects of audit litigations. The American Accounting Association's membership is comprised of basically two types of people, professors and practitioners. It is clear to me that each type can benefit from the other and, in fact, both types need the professional help of the other. Accounting professors need to do research in order to prosper or even to keep their jobs. Practitioners of accounting and auditing recently have told us a great deal about audit litigation. Practitioners are, of course, directly involved in litigation. They face it daily and pay the direct costs of dealing with it. Currently they are engaged in a legislative reform effort aimed at providing statutory relief from what they consider to be excessive or even abusive litigation. audit litigation research may help both groups as well as help society as a whole. Unhappily, neither group seems to know it. Many professors are under-informed about the current and long-standing issues in auditing and audit litigation.
William R. Kinney Jr. (Wed,) studied this question.