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Answer the following question with the article provided. (1 page)
According to evidence provided by Lee et al(2006), what is the difference in IPO earnings forecasts between Big-6 and non-Big-6 public accounting firms?
The difference in earnings forecasts between Big-6 and non Big-6 accounting firms is that the forecasts audited by the Big-6 auditors prove to be more accurate than those audited by non Big-6 auditors. Further, the evidence provided by Lee et al(2006) shows that there is significantly less optimistic bias for ...
Difference in IPO earnings forecasts is discussed very comprehensively in this explanation.