PCAOB, etc.) which led to significant growth in Second-Tier client portfolios and increased scrutiny of Second-Tier audit … the European Union, who have expressed concerns about the current state of competition in the audit market, management and … boards of directors that are contemplating switching to a Second-Tier audit firm, and academics investigating quality …

This study examines the association between the industry diversity of an audit office and audit quality, where industry … diversity and audit quality that is robust to controlling for other audit office and client characteristics. We observe this … association while holding the level of audit office specialization or expertise in a particular industry constant. The association …