Why are expanded audit reports not informative to investors? Evidence from the United Kingdom

Keyphrases

• United Kingdom 100%
• Auditors 100%
• Expanded Audit Report 100%
• Misstatement Risk 100%
• Audit Report 66%
• Market Reaction 66%
• Information Content 33%
• Irrelevant Information 33%
• New Standards 33%
• Standard Setters 33%
• Investor Reaction 33%
• Reporting Requirements 33%
• Value Relevance 33%
• Audit Model 33%
• Risk Disclosure 33%
• Financial Reporting Risk 33%
• Auditor Risk 33%
• Financial Statement Audit 33%
• Review of Accounting Studies 33%

Economics, Econometrics and Finance

• Investors 100%
• Information Value 16%
• Financial Statement 16%