... study provides important insights into the PCAOB inspection process while also developing and validating a model of inspection risk for future researchers. We thank the participating audit firm for providing access to the data and supporting this research. Other than the requirement to maintain...

...]) affects auditors' perceptions of inspection risk (i.e., the risk that an auditor or audit firm will suffer harm as a result of a PAR), as well as audit effort and fees. Using large-firm, high-level auditors as participants, we find that PAR salience (i.e., anticipation of a PAR) yields higher perceived...