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Auditor Mergers, Audit Quality and Audit Fees : Evidence from the Pricewaterhousecoopers Merger in the UK

Jia, Yuping - 2012

Focusing on the merger of Price Waterhouse and Coopers & Lybrand in 1998, we document increased audit quality (measured … by earnings quality of the clients) for the merged firm and other big-X auditors 1 during the post-merger period because … and 2) the value relevance of earnings has significantly increased. Furthermore, we find evidence that in the post-merger …

Persistent link: https://www.econbiz.de/10013100120

Diversification by the Audit Office in the US and Its Impact on Audit Quality

Asthana, Sharad - 2014

In the past six years, the average number of industries (2-digit SIC) serviced by audit offices in the United States has grown by 20% and the number of industries where the office has specialization has fallen by 40% (Data Source: Audit Analytics). This suggests a trend away from specialization...

Persistent link: https://www.econbiz.de/10013065316

The Effects of Non-Big 4 Mergers on Audit Efficiency and Audit Market Competition

Kitto, Andrew - 2019

) generate efficiencies that are reflected in a post- merger reduction in audit hours but not audit quality. Mergers benefit …

Persistent link: https://www.econbiz.de/10012868759

Non-Audit Services Provided to Audit Clients, Independence of Mind and Independence in Appearance : Latest Evidence from Large UK Listed Companies

Campa, Domenico - 2017

This paper investigates whether the provision of non-audit services (NAS) to audit clients impairs auditor independence of mind and independence in appearance. The main contributions of this paper are in terms of its timeliness with respect to regulatory changes, the simultaneous examination of...

Persistent link: https://www.econbiz.de/10012971792

The Impact of Economic Bonding on Audit Quality : Evidence from Audit Working Papers

van Buuren, Joost - 2015

In this study we examine the effect of auditor economic bonding (financial dependency on a client) on audit quality. We consider financial dependency as either abnormally high fees in relation to expected hours or vice versa. We consider audits to have credence goods properties where the client...

Persistent link: https://www.econbiz.de/10013029889

The Importance of Proximity to the Audit Firm’s National Office to Practice Office Growth and Audit Quality

Amin, Keval; Pittman, Jeffrey; Yang, Zhifeng; Zhu, Haoran - 2021

We examine the role that an audit firm’s national office plays in shaping its practice offices’ economic outcomes. Given that national offices provide superior support, monitoring, and advising to physically closer offices, we expect an increase in proximity to improve practice offices’...

Persistent link: https://www.econbiz.de/10013244868

David versus Goliath : Audit Service Differentiation and Audit Quality in UK Private Firms

Chen, Jeff Zeyun - 2019

We examine whether Big 4 auditors and non-Big 4 auditors maintain similar or different levels of financial reporting quality for private firms. DeAngelo (1981) suggests that litigation and reputation considerations incentivize Big 4 auditors to deliver higher audit quality than non-Big 4...

Persistent link: https://www.econbiz.de/10012900194

The Challenge of Measuring Audit Quality : Some Evidence

Gros, Marius - 2015

Recent proposals on audit regulation, whether in the EU or by the PCAOB, have been motivated by efforts to increase audit quality. However, there does not exist any generally agreed upon definition of audit quality. This paper aims to critically assess the status quo of the discussion regarding...

Persistent link: https://www.econbiz.de/10013034581

The Undesirable Effect of Audit Quality : Evidence from Firm Innovation

Nguyen, Lily - 2020

This study examines whether and how audit quality affects a firm's technological innovation. Using a sample of 7,482 U.S. firms between 2000 and 2009, we demonstrate that high audit quality is associated with lower innovation output, measured by patent counts and patent citations. The effect...

Persistent link: https://www.econbiz.de/10012829139

The Effect of the Engagement Partner-Client Economic Bond on Audit Quality in the UK

Boateng, Kwadwo - 2020

This study examines whether (1) high fee-paying clients consider engagement partner quality in auditor appointments and (2) engagement partners compromise their independence for economically important clients. Employing a UK setting where the lead audit engagement partner is identified, we find...

Persistent link: https://www.econbiz.de/10012834222