'The empirical research provides evidence of benefits to companies through lower cost of equity and debt capital when they voluntarily purchase an audit or purchase a high quality audit.' J.Godfrey,et el,'Accounting Theory',7^th Ed.p.442.
Outline the details of a study undertaken on the above question and explain reasons that have put forward for the finding.What do researchers see as a 'high quality audit'?

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The Answer of 'The empirical research provides evidence of benefits to companies through lower cost of equity and debt capital when they voluntarily purchase an audit or purchase a high quality audit.' J.Godfrey,et el,'Accounting Theory',7^th Ed.p.442. Outline the details of a study undertaken on the above question and explain reasons that have put forward for the finding.What do researchers see as a 'high quality audit'?

'The Empirical Research Provides Evidence of Benefits to Companies Through