In this study, we examine the impact of rank-and-file employee stock options on audit fees. We document compelling evidence that option grants to rank-and-file employees are positively related to audit fees. Further analyses show that this positive relation is more pronounced when a firm's real earnings manipulation risk is higher and when rank-and-file employees are more sensitive to monetary incentives. We also find that options granted to rank-and-file employees are positively related to audit efforts. The evidence suggests that auditors perceive options to rank-and-file employees to be associated with increased audit risk.

中文翻译：

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普通员工股票期权和审计定价：来自标准普尔 1500 强公司的证据


在这项研究中，我们研究了普通员工股票期权对审计费用的影响。我们记录了令人信服的证据，证明授予普通员工的期权与审计费用呈正相关。进一步的分析表明，当公司的实际盈利操纵风险较高且普通员工对货币激励更加敏感时，这种正相关关系更加明显。我们还发现，授予普通员工的期权与审计工作呈正相关。有证据表明，审计师认为普通员工的选择与审计风险增加有关。