... to the continued debate over effective market expansion of financial statement audit providers, audit quality determinants, and audit efficiencies. JEL Classifications: M4; M40; M41; M42; M49. We would like to thank Gopal V. Krishnan (editor), two anonymous reviewers, Marc Eulerich, Burch Kealey, Linda...

... advantages as their market share grows in the industry (cost minimization strategy), but are susceptible to clients with bargaining power demanding a portion of the cost savings ( Mayhew and Wilkins 2003 ). initial public offering auditor specialization audit fees underpricing audit quality...

... frequent auditor switching impacts audit outcomes. We find that more frequent auditor switching is associated with lower audit quality, but that this effect is mitigated in the presence of higher internal and external monitoring. We also find that frequently switching companies have lower audit quality...

...Ku He; Xiaofei Pan; Gary Gang Tian; Yanling Wu; Chun Cai SYNOPSIS In this study, we propose a reciprocal rent-seeking game between politicians and individual auditors with political connections and examine how these auditors' political connections influence their audit quality. Using hand...

...Bryan Brockbank; Chuong Do; Bradley P. Lawson Audit market concentration remains a concern due to its potential impact on audit quality. We examine whether audit market concentration influences properties of analysts’ forecasts. We find that analyst forecasts are more accurate and less dispersed...

... diversity is an office-level characteristic that is distinguishable from other characteristics studied in the prior auditing literature and that has an incremental effect on audit quality. I find a positive association between team diversity and audit quality that is robust to controlling for other audit...

...Aleksandra B. Zimmerman; Amirali Moeini Chaghervand; R. Drew Sellers; Timothy J. Fogarty SYNOPSIS This study investigates accounting firm office acquisitions. It explores whether office acquisitions affect post-acquisition office audit quality, particularly whether there is a spillover effect...

... pressures negatively impact audit quality in the U.S. These findings provide further insight on the impact of engagement partner disclosure for audit quality. JEL Classifications: M41; M42. Recent research characterizes restatements as the most common, publicly observable indicator of poor audit...

..., suggesting that Big N auditors are more responsive to risks captured by EMR. Additional analyses reveal that companies switching auditors when EMR increases are more likely to engage non-Big N auditors. Surprisingly, we find little evidence that the association between audit quality and EMR differs...

...Jimmy F. Downes; Michelle A Draeger; Abbie E. Sadler SYNOPSIS We investigate whether audit committees use voluntary disclosures to signal the committees' higher level of involvement in the audit partner-selection process, which contributes to higher levels of audit quality. Audit committees more...

...Brian Ballou; Jonathan H. Grenier; Andrew Reffett SYNOPSIS Public accounting firms have developed reliable substantive tests using data and analytics based procedures to improve audit quality and efficiency. However, firms need to convince audit stakeholders that relying on data and analytics...

...Scott N. Bronson; Adi Masli; Joseph H. Schroeder SYNOPSIS This study examines the effect of audit completeness at the annual earnings announcement date on audit quality and auditor/client retention decisions. The vast majority of companies now release earnings before the year-end audit is complete...

... Krishnan, under the Senior Editorship of Teri Lombardi Yohn. 1 9 2017 1 9 2020 regulation internal control effectiveness financial reporting quality audit quality During periods of U.S. political regime change, government regulation of business often changes. For example...

...Yamin Zeng; Joseph H. Zhang; Junsheng Zhang; Mengyu Zhang SYNOPSIS Using Chinese data of key audit matters (KAM) reports, this study assesses whether the KAM rule improves audit quality and how KAM disclosures relate to audit quality. With textual analysis, we evaluate disclosure characteristics...

... of experience when they are employed by small audit firms but find no evidence of a fee premium for Big 4 experience at the second-tier audit firms. Furthermore, in additional analyses, we do not find strong, consistent evidence that audit quality is higher for clients of non-Big 4 audit partners with Big 4...

... a dramatic resurgence and growth. Regulators have taken notice of, and expressed concern over, this renewed focus on consulting. The accounting firms claim that such services enhance audit quality, mainly due to the prominent role of non-accounting specialists in today's external audit function. This study...

... guidance on practical methods that auditors can employ to increase the likelihood of fraud disclosure and improve audit quality. Drawing upon best practices in the whistleblowing literature and psychological theories on self-regulation, we experimentally test the efficacy of two practical strategies...

...Julie S. Persellin; Jaime J. Schmidt; Scott D. Vandervelde; Michael S. Wilkins SYNOPSIS We survey over 700 auditors about audit workloads and the relationship between audit workloads, perceived audit quality, and job satisfaction. Our findings indicate that auditors are working, on average, five...

...Kris Hardies; Marie-Laure Vandenhaute; Diane Breesch SYNOPSIS The accuracy of audit reports is often viewed as a signal for audit quality. Prior research shows that in the context of going-concern reporting in audit markets dominated by public firms, some auditors are more accurate than others...

... U.S. standards. More broadly, results reinforce the importance of defining and measuring audit quality based on the auditor's actual responsibilities and the importance of accurately characterizing authoritative guidance and practice for scholarship regarding complex and multifaceted matters...