We define higher audit quality as greater assurance of high financial reporting quality.
Researchers use many proxies for audit quality, with little guidance on choosing among …

This paper reviews and evaluates the theory and empirical research on audit quality. Such a
consideration is warranted and necessary to take stock of the large body of audit quality …

The development of both brand name reputation and industry specialization by Big 8
auditors is argued to be costly and therefore to increase audit fees. For a sample of 1484 …

The extant literature and corporate governance regulations suffer from a tight focus on audit
committee (AC) financial expertise as a mean of improving the AC's oversight role. However …

We evaluate and summarize the large body of audit fee research and use meta‐analysis to
test the combined effect of the most commonly used independent variables. The perspective …

This study compares litigation activities of independent auditors to assess litigation as a
means for making quality distinctions among auditors. The study provides a frame-work …

It is hypothesized that an inverse relation exists between the reputation of the auditor of an
initial public offering and the initial return earned by an investor. Specifically, clients that hire …

Accounting accruals are managers' subjective estimates of future outcomes and cannot, by
definition, be objectively verified by auditors prior to occurrence. This causes audits of high …

Prior research on audit experience focuses on behavioral studies that are conducted by
running experiments. Although these studies provide evidence on the role of experience in …

This study examines the association between audit committee characteristics and audit fees,
using data gathered under the recent SEC fee disclosure rules. We hypothesize that audit …