This study examines the effect of audit committee connectedness through director networks on financial reporting …, firms with well-connected audit committees are less likely to misstate annual financial statements. In addition, our study … demonstrates that audit committee connectedness through director networks moderates the negative effect of board interlocks to …

Regulators have expressed concerns that an emphasis on non-audit services (NAS) could distract from the audit function … NAS to audit clients generally (i.e., not to a specific client) can distract from the audit function, thus reducing audit … quality. We find evidence of an NAS distraction effect, where a greater emphasis on NAS at the audit office-level results in …

Two forms of expertise can influence audit quality: industry and task-specific expertise. Anecdotal evidence suggests … that tax knowledge is task-specific, rather than industry-specific and audit offices with increased exposure to complex tax … tax task-specific knowledge (TSK) affects the audit quality of the income tax accounts and find that tax TSK increases the …

This research investigates the effect on audit quality of concentrated public company financial statement filing … deadlines in audit offices. Audit offices must effectively manage their resources to meet their clients' audit service demands …. For audit offices with clients that have filing deadlines concentrated in time, resource management is of greater …

Projects seeking to define, measure, and evaluate audit quality are on the agendas of auditing standards setters as … well as audit firms. The PCAOB currently provides information regarding audit quality through the release of inspection … reports, and the Board intends to establish and report audit quality indicators. To provide additional perspective on audit …

theory, we find that companies with an affiliated partner on their audit committee are less likely to dismiss the member …Researchers and practitioners have expressed the need to understand better the interactions between audit committees … the audit committee are a subset of audit committee members who can affect the audit. Consistent with social identity …

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 …