... directly measure auditors’ threshold of materiality by hand-collecting data on the monetary value of the materiality threshold reported by the auditor in the audit report. We find that a lower threshold of materiality is associated with higher audit quality, as measured by lower absolute discretionary...

...Paul N. Tanyi; Dasaratha V. Rama; K. Raghunandan SYNOPSIS The PCAOB mandated, over the objections of the large audit firms and others, that for fiscal years ending on or after December 15, 2017, the audit report shall include information about auditor tenure. In this paper we answer the call...

..., which is important to financial market participants and other stakeholders in the audit reporting process. Also, we identify areas where there seems to be a lack of sufficient research. These results are of interest to all stakeholders in the audit reporting process, as the changes to the auditor's...