We examine whether audit quality is reduced when part of the audit is conducted by auditors other than the audit firm signing the audit report (“other” or “participating” auditors) which typically occurs in a multinational group audit. Prior literature suggests group audits could face...

We examine client stock market reaction to news of PCAOB sanctions imposed upon Deloitte and Touche, LLP - the first against a Big 4 auditor. The PCAOB Order against Deloitte contains three potentially value relevant pieces of information. First, it shows that Deloitte did not conduct a quality...