This study contributes to the audit reporting literature by examining how disclosure of critical audit matters (CAMs …) in the audit report varies with perceived litigation risk and financial reporting quality. Consistent with the litigation …, suggesting that auditors try to preempt negative consequences from shareholder lawsuits by reporting more CAMs when litigation …

This study examines the effects of audit partner tenure and audit partner changes on internal control reporting quality … that internal control reporting quality deteriorates with audit partner tenure. However, we find no association between … audit partner changes and internal control reporting, which is consistent with partners lacking client specific knowledge in …