...Brant E. Christensen; Nathan G. Lundstrom; Nathan J. Newton ABSTRACT We examine whether PCAOB inspection reports increase auditors' litigation risk. We find that inspection reports with audit deficiencies are positively associated with the number of lawsuits subsequently filed against...

... quality client risk PCAOB inspections The U.S. Public Company Accounting Oversight Board (PCAOB) and audit regulators across the globe conduct periodic risk-based inspections of audits to assess compliance with applicable auditing standards to promote audit quality ( PCAOB 2019 ; International...

...Daniel Aobdia ABSTRACT This study investigates the impact on auditors' and clients' activities of Public Company Accounting Oversight Board (PCAOB) inspections of individual engagements. I find that both auditors and clients react to a Part I Finding, which identifies audit deficiencies...

... exposure. These results have implications for understanding how PCAOB inspection reports affect the market for audit services. JEL Classifications: M41; M42. Data Availability: We obtain all data from publicly available sources. The Public Company Accounting Oversight Board (PCAOB) was created...

.... Lennox. August 2014 November 2015 2016 PCAOB inspections auditor scrutiny valuation allowances uncertain tax benefits The Public Company Accounting Oversight Board (PCAOB) is responsible for overseeing the quality of external audits through a rigorous inspection process...