We examine the association between professionally qualified human capital and office audit quality. Using hand-collected data from 2009 to 2014 on Big 4 audit firm office CPA levels from 30 U.S. cities, we find that offices with relatively more professionally qualified human capital deliver...

This paper examines the demand and supply side factors associated with audit partner selection and assignment in the United States. First, we examine whether audit partner gender and experience are associated with board and management gender and experience. Second, we investigate whether...

This study provides novel information about the consequences of the Sarbanes-Oxley Act (SOX) by documenting differential audit fee shocks accompanying implementation of SOX 404(b) internal control tests and reports for clients in three size categories: large accelerated filers (LAFs), small...

We propose a new audit supplier competition construct: the Office-Client Balance (OCB), which consists of the relative abundance of suppliers (competing audit offices) and customers (audit clients) in a metropolitan (metro) area. From this construct, we derive a metro-level audit competition...

This article is the “Prequal” to Sherwood’s Targeted Return Portfolio Construction (TRPC) (2019) and Risk Capacity Portfolio Construction (RCPC) (2021) papers. This work presents the theoretical constructs in which Skew-Risk Modeling (Sherwood, 2019), the strategy applications within TRPC...

Collectively, the world's largest public accounting firms plan to invest over $9 billion into technology development and initiatives before 2025. These investments coincide with audit regulators, audit committees, and researchers worldwide undertaking initiatives to understand the benefits,...