This paper investigates the common, yet previously opaque, practice of using foreign audit firms (component auditors …) to conduct portions of audit work for U.S. public companies. U.S. regulators have expressed concern for the transparency … not find the mere use of component auditors is detrimental to audit outcomes, rather, the amount of work conducted by …

The mandatory retirement age within U.S. audit firms ranges from 55 to 62, which has resulted in both controversy and … consistently find a negative association between audit partner age and audit quality, which is explained by partners nearing … retirement disengaging from their work. Using hand-collected data on the age of 3,148 U.S. and 432 non-U.S. audit partners that …

This paper investigates whether financially constrained firms use costly audit signals to facilitate their access to … external financing. We document that when facing higher financial constraints, firms pay higher audit fees and have their audit … opinion reports completed sooner. The higher audit fees observed in this case do not seem to be driven by greater reporting …

Limited data availability on the internal audit function (IAF) has constrained research on the topic. This study uses … unique, manually collected data from LinkedIn on internal audit personnel that overcomes certain limitations of previous … across firms and is greater in firms with higher audit committee commitment toward the IAF, lower audit committee accounting …

auditor task-specific FV expertise, gained from work experience during the audit of FV measurements, can contribute to higher … audit quality. Utilizing FV-related restatements and comment letters, we find that expertise in auditing Level 3 FV … estimates at the office-level is associated with greater FV audit quality. Level 2 FV expertise or national-level FV expertise …

-related negative media coverage of an audit client is associated with a higher likelihood of auditor resignation and increased audit …

This paper investigates the common, yet previously opaque, practice of using foreign audit firms (component auditors …) to conduct portions of audit work for U.S. public companies. U.S. regulators have expressed concern for the transparency … not find the mere use of component auditors is detrimental to audit outcomes, rather, the amount of work conducted by …

associated with audit outcomes. Because the peak months of flu season overlap with audit busy season, audit offices most impacted … by the flu may be adversely affected. The demanding nature of audit busy season and the culture of audit firms may compel … data collected from the Centers for Disease Control and Prevention (CDC) we find that the filing of audit reports is …

&A-related misstatements. In industries with less complex accounting, M&A experts pass audit fee savings to their clients during acquisition … engage with M&A expert auditors experience improved M&A-related audit outcomes …