The Relation between Auditors' Fees for Nonaudit Services and Earnings Management
利用代理声明数据，发现非审计费用与小额盈余惊喜和可操控应计利润正相关，审计费用则负相关，且非审计费用披露日股价有微小负面反应。
This paper examines whether auditor fees are associated with earnings management and the market reaction to the disclosure of auditor fees. Using data collected from proxy statements, we present evidence that nonaudit fees are positively associated with small earnings surprises and the magnitude of discretionary accruals, while audit fees are negatively associated with these earnings management indicators. We also find evidence of a negative association between nonaudit fees and share values on the date the fees were disclosed, although the effect is small in economic terms.