The article looks at how auditors react when a company commits fraud. They found that after fraud is revealed, auditors charge more for their services because they spend more time on the audit, not because they charge higher fees. Both new and existing auditors increase their work for fraud companies, but only new auditors charge more for the extra effort. When regulators assign auditors to a company after fraud is discovered, fees go up, but the time spent on the audit stays the same. Auditors are more likely to leave a company after fraud is exposed. This shows that auditors adjust their pricing and decisions based on the risk of fraud.