AUDITFEE
	Variable	Expected Sign		Coefficient	1Sig	2t-value
Materiality	B’MARKS		?	-1.022	***	-5.573
Client complexity	#RISKS		+	0.241	***	5.318
	RESTRUCT		+	0.070		1.133
	LISTINGS		+	0.519	***	2.984
	NEWCLIENT		+	-0.161		-0.787
Auditor and client3	AUDBUSY		-	0.167		0.196
	TENURE		-	0.052		0.327
	CLIENTSIZE		+	0.519	***	8.942
	ACMTG		+	0.986	***	4.880
	AGE		-	-0.094		-1.960
	LEV		+	0.005		1.575
	EARNS Δ		-	-0.031		-0.277
	AUDFIRM CONTROLS			Yes
	IND CONTROLS			Yes
	Constant				***	-6.532
Observations: 328; R-squared: 0.695; Adjusted R-squared: 0.675