...L. Tyler Williams; W. Mark Wilder SYNOPSIS The Public Company Accounting Oversight Board (PCAOB; Board) maintains that constituent feedback plays an essential and dynamic role in its audit standard-setting process. We examine a major source of constituent feedback, responses to standard-setting...

... workloads result in decreased audit quality. We also find that auditors' job satisfaction is negatively impacted by high audit workloads, particularly when the workloads exceed a threshold that is perceived to impair audit quality. Overall, our findings provide support for the PCAOB's concern that heavy...

...Sridhar Ramamoorti SYNOPSIS For organizing my discussant response, I use the “input-process-output-outcomes” framework, where the PCAOB is part of the standard-setting infrastructure (input), the processes are its standard-setting activities, the standards eventually developed and approved...

...Christine Nolder; Zoe-Vonna Palmrose SYNOPSIS The pace of standard-setting by the Public Company Accounting Oversight Board (PCAOB) has been glacial, which increases the risk that U.S. auditing standards are not keeping up with the global audit environment. Legislation enacted in 2012 that created...

...Santanu Mitra; Hakjoon Song; Joon Sun Yang SYNOPSIS Auditing Standard No. 5 (AS5) introduced by the Public Company Accounting Oversight Board (PCAOB) in June 2007 requires a top-down risk-based approach in auditing and is expected to improve audit efficiency and make the overall auditing process...

... Memorial Chair for Accounting at The University of Texas at San Antonio. Author names are listed alphabetically. March 2014 March 2015 2015 U.S.-listed foreign companies Big N auditor PCAOB outsourcing audit fees quality of audited earnings In this paper, we examine why...

... from the audit firm to the individual partner. Our model generates three main results, conditional on the PCAOB adopting a rule requiring the identification of the engagement partner in the audit report and causing the partner to bear a larger share of the reputational damages caused by aggressive...

...Jeanette M. Franzel SYNOPSIS After more than a decade since passage of the Sarbanes-Oxley Act and the creation of the Public Company Accounting Oversight Board (PCAOB), it is appropriate and necessary to ask questions about the present state of audit quality and evaluate the impact...

... A. Griffin (editor) for encouraging us to write this paper. October 2013 January 2014 2014 Sarbanes-Oxley regulation SEC PCAOB audit cost benefit analysis For firms subject to section 404, the PCAOB in 2007 adopted Audit Standard 5 (AS5), which significantly relaxed...

...Zoe-Vonna Palmrose SYNOPSIS This commentary assesses the status of audit regulation under the Public Company Accounting Oversight Board (PCAOB) and explores what the future might hold. The commentary discusses how discretionary choices in implementing the PCAOB's legislative mandates under...

...Ronald R. King; Shawn M. Davis; Natalia Mintchik SYNOPSIS This paper contributes to the deliberations on the potential consequences of requiring disclosure of the engagement partner's identity in the audit report. The PCAOB has recently suggested that this requirement will lead to enhanced audit...