Discussion: The Evolution of Lawsuits Against Auditors—Determinants, Consequences, and Solutions

The author, a member of the Department of Accounting and Info. Systems, acknowledges that this essay borrows heavily from Kothari, Lys, Smith, and Watts (1988) and from Lys and Watts (1993). He gratefully acknowledges the financial support of the KPMG Peat Marwick Foundation through a Research Opportunities in Auditing Grant.