We investigate whether audit partner tenure and audit quality associations remain significant after the implementation of mandatory audit partner rotation. Carey and Simnett (2006) report a significant negative association between long audit partner tenure and the propensity to issue qualified...

Purpose: The purpose of this study is to provide further evidence on the ongoing debate on the costs and benefits of mandatory audit partner rotation (MPR). Specifically, this study examines how MPR simultaneously affects audit reporting lag (ARL) and audit fees (AFs)....

This study attempts to demonstrate the evolution of performance auditing in Australia. The previous studies (e.g., Porter, 1981, McCrae and Vada, 1997, Funnel and Cooper, 1998, Guthrie and Parker, 1999, Wanna, et al., 2001) relating to the development of performance auditing have been used the...

A key part of the auditor independence reforms in Australia, as represented by Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004 (Cth) (CLERP 9), mandates audit partner rotation. The change was criticised predominantly due to the costs imposed on both the...