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 |
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Subject Areas: | Accounting |
Additional Information: |
© 2016 American Accounting Association |
Date Deposited: | 23 Sep 2016 15:35 |
Subjects: | Audit samples |
Last Modified: | 21 Nov 2024 02:27 |
URI: | https://lbsresearch.london.edu/id/eprint/560 |