, it seems logical that a firm with stronger fundamentals would exhibit either higher persistence of earnings or larger subsequent earnings growth or both, and in turn higher prices. • Theoretically, I

(Luypaert and Van Caneghem 2014). Theoretically, an audit can be viewed as an economic goods or a professional service process (Knechel et al. 2020). Introduction Economic goods viewpoint Professional

the efficiency of energy saving programs resulted in lower electricity consumption than estimated in PDP 2015 and power generation from renewable energy theoretically increases as a result of

the risk-based argument, it is theoretically built on valuation perspective suggesting that, ceteris paribus, an increase in an earnings stream or a decrease in discount rate result in higher price. In

time. Theoretically, the EQCRs should be more experienced than the audit assistants and also should possess more professional skepticism, particularly in the significant judgment and accounting estimates