U.S. audit partner rotations

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

Abstract

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.

More Details

Item Type: Article
Subject Areas: Accounting
Additional Information: © 2016 American Accounting Association
Subjects: A > Audit samples
Date Deposited: 23 Sep 2016 15:35
Last Modified: 05 Mar 2019 09:15
URI: http://lbsresearch.london.edu/id/eprint/560
More

Export and Share


Download

Full text not available from this repository.

Statistics

Altmetrics
View details on Dimensions' website

Downloads from LBS Research Online

View details

Actions (login required)

Edit Item Edit Item