U.S. audit partner rotations

Laurion, H and Lawrence, A and Ryans, J (2017) U.S. audit partner rotations. Accounting Review, 92 (3). pp. 209-237. ISSN 0001-4826

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Official URL: http://aaapubs.org/doi/abs/10.2308/accr-51552


We investigate the effects of audit partner rotation among U.S. publicly listed firms, utilizing the fact that audit partners are periodically copied by name in public correspondence between issuers and the SEC. Relative to non-rotation firms, we find no evidence of a change in the frequency of misstatements following the partner rotation; however, there is an increase in the frequency of restatement discoveries and announcements. We also find an increase in deferred tax valuation allowances. Overall, the results provide some evidence suggesting that U.S. partner rotations support a fresh look at the audit engagement.

Item Type: Article
Additional Information: © 2016 American Accounting Association
Subjects: A > Audit samples
Subject Areas: Accounting
DOI: 10.2308/accr-51552
Date Deposited: 23 Sep 2016 15:35
Last Modified: 06 Oct 2017 16:51
URI: http://lbsresearch.london.edu/id/eprint/560

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