We examine how often audit firms are sued in a large sample of accounting lawsuits that allege financial reporting … and the auditor's type significantly influence the probability of the audit firm being sued and the outcomes of the …

We hypothesize that companies in the same product market avoid sharing the same audit partner when they are concerned … spillovers significantly reduce the likelihood of sharing the same audit partner, we find that they do not deter rival companies … from sharing the same audit office. Lastly, when companies are unconcerned with information spillovers, we demonstrate that …

Regulators have expressed concerns about the “revolving door” between auditors and clients, whereby audit employees … move directly from audit firms to audit clients (i.e., “direct alumni hires”). Regulators are concerned that these direct … hires could compromise audit quality, partly because these employees could have previously audited their hiring company …

Audit firms need to provide high quality audits but they also need to please their clients. We argue that these …) reviewers and audit engagement partners. We predict that EQ reviewers monitor audit quality more closely when they hold greater … the associations between audit adjustments and partner equity ownership are: 1) significantly positive for EQ reviewers, 2 …

Regulators have expressed concerns about the “revolving door” between auditors and clients, whereby audit employees … move directly from audit firms to audit clients (i.e., “direct alumni hires”). Regulators are concerned that these direct … hires could compromise audit quality, partly because these employees could have previously audited their hiring company …

respond to the estimation risk associated with predicting the future bankruptcy outcomes of their audit clients. Consistent …

the content of PCAOB inspection reports, while also controlling for audit firm and year fixed effects, effectively … adverse opinions. We further find that higher inspection deficiency rates lead to higher audit fees, consistent with PCAOB …

In an effort to make audit reports more informative to investors, the U.K. recently passed a new audit reporting … financial statement audit. Using short-window market reactions to measure investors' responses to the RMMs, our results indicate … already informed about a majority of the risks before the risks were disclosed by auditors in the expanded audit reports …

Prior research finds that women receive lower salaries than men. Similarly, we show that female audit partners in … fees generated by audit partners (a measure of partner productivity) and the types of clients assigned to partners … partners facing gender discrimination in audit offices that are dominated by male partners …

Many studies report that audit fees are discounted in the year of an auditor change and regulators have long been … concerned that such fee discounting could impair audit quality. We find significant bias in the way studies have tested for fee …