Nonaudit Services and Governmental Financial Reporting Quality, Audit Quality, and Audit Efficiency: Evidence from the North Carolina Municipal Audit Market Free

We thank two anonymous reviewers and Jaime Schmidt (editor) for their comments that substantially improved the paper. We also thank participants at the 2021 Auditing Section Midyear Meeting, the 2020 AAA Annual Meeting, and the 2020 GNP Section Midyear Meeting and especially our discussants Angela Gore and Eric Rapley for their feedback on our research. We also thank workshop participants at the University of Massachusetts Boston and at Babson College for their valuable feedback. Additionally, we would like to thank Paul Copley and Xiaolu Xu for comments and suggestions on our paper. Finally, we would like to thank the North Carolina State Treasurer’s Office for facilitating this research through their transparency initiatives. The authors have no conflicts of interest related to this research study.

Alfred A. Yebba, Fairfield University, Charles F. Dolan School of Business, Accounting Department, Fairfield, CT, USA; Randal J. Elder and Ayalew Lulseged, University of North Carolina Greensboro, Bryan School of Business and Economics, Department of Accounting and Finance, Greensboro, NC, USA.

Editor’s note: Accepted by Jaime Schmidt, under the Senior Editorship of Jayanthi Krishnan.