Prior research suggests that characteristics of audit partners are important drivers of audit quality. However, evidence on whether partner industry expertise improves audit quality is mixed. Using a large dataset of audit partners in India, we employ new partner-level measures of industry...

The new PCAOB guidelines make it mandatory for listed companies to identify the audit partner in charge of an audit, thus increasing the focus on the role of an individual audit partner in providing a high-quality audit. Motivated by the PCAOB’s commitment to post-implementation review of its...

Classification shifting involves misclassifying operating expenses as non-recurring expenses to inflate the core earnings of the company. Managers are motivated to misclassify earnings because the market participants focus more on core earnings rather than just the bottom line GAAP earnings....