According to the of alignment and entrenchment theories. the CEO power may lead to a reduction audit fees by increasing the earning quality and reducing audit risk. or through opportunistic earnings management and fraudulent financial reporting can lead to increased agency problems and audit risk. and ultimately to increased audit fees. https://www.roneverhart.com/NeOn-Zero-Lefty-M390-BLADE-TITANIUM-HANDLE-MRBS-p11472/