We investigate the potential for a client to use a same-firm office switch as a mechanism for audit opinion shopping … successfully avoid going concern audit opinions through audit office-switch decisions. More importantly, we find that successful … opinion-shopping companies tend to choose audit offices with low Type I errors, and they exhibit higher subsequent earnings …

Prior research emphasizes the centrality of audit offices in understanding auditing practices, and documents … significant inter-office variation in audit outcomes based on industry expertise and office size. Our study examines how two city …-specific labor characteristics also affect audit offices and local audit markets: the city's average educational attainment, and the …

We investigate if the SEC's mandated disclosure of fees for audit and nonaudit services affected the market …

We use hand-collected audit partner data to show that approximately one-third of clients are audited by partners … partner characteristics (e.g., industry specialization) are likely to be important. Next, we show that audit quality is lower … non-random selection of partners. We also show that the negative association between partner distance to clients and audit …

UK listed firms are used to investigate if auditor attributes (fixed effects for audit firms, audit offices, and audit … partners) add incrementally to baseline models with client controls in explaining audit outcomes (earnings quality and going … concern reports). We document that accounting firm fixed effects add significantly to baseline models. To the extent an …

The term “audit style” is used to characterize the unique set of internal working rules of each Big 4 audit firm for … the implementation of auditing standards, and the enforcement of GAAP within their clienteles. Audit style implies that … two companies audited by the same Big 4 auditor, subject to the same audit style, are more likely to have comparable …

growing body of research showing that accounting practices are influenced by a country's institutions. However, our results … differ from prior studies by demonstrating that country-level effects are mediated by audit enforcement, and in particular …

are more likely to issue going concern audit reports. We extend this line of research to test if larger Big 4 offices have … fewer client restatements. A client restatement provides more direct evidence of a low-quality audit than earnings quality …