In many regulated markets, private, third-party auditors are chosen and paid by the firms that they audit, potentially …

We study regulation of the auditing profession in a model where audit quality is unobservable and enforcing regulation … is costly. The optimal audit standard falls short of the first-best audit quality, and is increasing in the riskiness of …

The audit market's unique combination of features - its role in capital market transparency, mandated demand, and … that have been the focus of policy discussions: mandatory audit firm rotation and further supply concentration due to the … exit of a "Big 4" audit firm. To do so, we first estimate publicly traded firms' demand for auditing services, allowing the …

, resulting from the provision non-audit services, but also because of the mere fact of being hired and paid by the audited … scholars around the world have attempted to solve the auditor independence puzzle through a variety of mechanisms, including … prohibitions and rotation requirements. More recent proposals have also included breaking up audit firms and the empowerment of …

auditing outcomes and advances our understanding of the impact of public firm audit regulations on private firms …Using audit-partner-level data on audit adjustments for public firms and audit-opinion data for private firms, we study … whether and how public firm audit regulation impacts audit partners’ private firm auditing practices. We exploit a regulation …

I provide evidence on the effects of financial audit mandates in the charitable sector, in particular their influence … differences in size driven by the nature of charities’ activities. Consistent with audit mandates reducing donors’ reliance on … charity reputation, I find audit mandates are associated with a lower concentration of donations on the largest, most well …

recent legislation empowering the audit committee to make the auditor selection decision. The RFP resulted in a change in … engagement were directed toward management, and the audit committee delegated the auditor appointment decision to management … engagement. The Request-for-Proposal (RFP) process we observed had been triggered by an audit partner rotation and governed by …