The study challenges previous research by showing that auditor independence is not compromised by clients purchasing nonaudit services. The researchers found that adjusting for firm performance changed the results of their tests on discretionary accruals. They also discovered no significant link between firms meeting analyst forecasts and auditor fees. Market reaction tests yielded different results compared to previous findings. Overall, the study suggests that the previous research's conclusions were influenced by how the study was designed, and there is no consistent evidence supporting the claim that auditors lose their independence due to clients buying more nonaudit services.