... with higher audit efficiency, we also find a negative association between training and report lags. However, we find no association between training and audit quality. We thank Eddy Cardinaels, Nick Cicone, Hans Degryse, Fynn Gerken, Topcue Lee, Tobias Svanstrøm, Marleen Willekens, Mike Ricci, Ann...

...Anwer S. Ahmed; Bilal Al-Dah; Moataz El-Helaly; Krzysztof Fleszar SUMMARY We provide evidence on the efficacy of Auditing Standard No. 18 (AS18) for auditing-related party transactions (RPTs). We measure audit quality using general restatements and RPT-related restatements. Using a sample of S...

... the Senior Editorship of Jayanthi Krishnan. 07 02 2022 19 07 2023 08 08 2023 2024 audit partner volunteer charity audit quality financial reporting quality restatements AUDITING: A JOURNAL OF PRACTICE & THEORY Vol. XX, No. XX MONTH YEAR pp. 1 30 American Accounting...

...Dahlia Robinson; Thomas Smith; Stephanie Walton SUMMARY We examine whether audit engagements where the client has never switched auditors (original auditors) are associated with different audit fee and audit quality outcomes, relative to engagements that have experienced an auditor change. We...

... to examine the effects of the pandemic on audit outcomes. Despite audit firm efforts, we find evidence of a decline in audit quality in the initial months of the COVID-19 pandemic. Further, in the early days of the pandemic, the SEC made available a unique one-time, 45-day extension to file the audited...

...Yumin Zhang Perry; Bin Srinidhi; Zhifeng Yang SUMMARY Using the Chinese setting where two partners are assigned to lead each engagement, we find that gender-diverse partner pairs improve audit quality compared to same-gender partner pairs. We show that the positive effect of partner gender...

... audit quality AUDITING: A JOURNAL OF PRACTICE & THEORY Vol. 42, No. 4 November 2023 pp. 1 36 American Accounting Association DOI: 10.2308/AJPT-2020-107 Component Auditor Use and Lenders Perception of Audit Quality Gopal V. Krishnan Bentley University Juan Mao The University of Texas at San Antonio...

...Brant Christensen; Kecia Williams Smith; Dechun Wang; Devin Williams SUMMARY Increased audit regulation, coupled with reports of frequent mergers among smaller audit firms, creates a dynamic environment in which to assess changes in the U.S. audit market. We examine the audit quality consequences...

...James A. Chyz; Ronen Gal-Or; Vic Naiker SUMMARY This study uses a unique dataset that separates tax nonaudit services (NAS) into tax planning and compliance NAS to examine how audit quality is affected by these two types of tax NAS. Our main results, which account for decisions to purchase...

... with PCAOB inspections providing meaningful information about audit quality to market participants, particularly for clients of smaller, triennially inspected auditors. Data Availability: All data are from publicly available sources. JEL Classifications: M42. We thank Keval Amin (discussant), Rob...

... statement auditor or a different assurance provider. We examine factors that impact this decision, and the consequences of this decision on financial statement audit quality and cost. We find that independence concerns are associated with companies choosing different EER assurance providers from...

...Yitang (Jenny) Yang; Roger Simnett SUMMARY Using unique Australian data, we first identify the determinants of the provision of pro bono audits to charities and examine their consequential audit quality. This advances our knowledge about how often and why auditors volunteer their services...

... oversight activities for a sample of S&P 1500 firms and examine the extent to which these reported activities are associated with audit quality. We find that when firms' audit committees report exerting strong oversight, they have higher audit quality as proxied by audit fees, discretionary accruals...

... Classifications: M41; M42. auditor expertise mergers and acquisitions auditor changes audit quality audit fees industry complexity We thank Jayanthi Krishnan (editor) and two anonymous reviewers for their valuable comments. We also thank Jean Bedard, Jenna Burke, Brian Fitzgerald, Feng Guo...

... of audit quality, suggesting that the PCAOB releases only the most relevant and material information to the public. Finally, we find that inspections affect the concurrent year's audit team staffing decisions and reduce the proportion of the audit that is completed during the interim period. Overall, our...

... take a “what if” exploratory public policy perspective of evaluating the potential effects on investors' audit quality judgments and investment decisions of two evolving PCAOB inspection practices: disclosure of audit strengths and deficiencies, and the use of a random inspection selection method...

...Rebecca Mattocks; Ting-Chiao Huang; Robyn A. Moroney; Ashna Prasad SUMMARY This paper examines the association between the length of the cooling-off period and audit quality: (1) when partners rotate back and (2) during the cooling-off period, ahead of an extension to the minimum cooling-off...

... by Ann Vanstraelen. 1 7 2020 1 8 2021 2022 audit quality income tax estimation error auditor-provided tax services tax non-audit services Public accounting firms commonly provide non-audit services (NAS) to their audit clients. In response to a series of perceived...

... in operating performance subsequent to NAS investment is due to earnings management or lower audit quality. JEL Classifications: M41; M49; L84. Because the actual organization capital obtained via NAS is not directly observable, we perform two additional sets of analyses. First, we use three cross...

...James R. Moon, Jr.; Jonathan E. Shipman; Quinn T. Swanquist; Robert L. Whited SUMMARY Ex ante misstatement risk confounds most settings relying on misstatements as a measure of audit quality, but researchers continue to debate how to effectively control for this construct. In this study...