Auditors who are more skilled and experienced are less likely to leave their public accounting jobs. However, younger, female, non-Big 4 auditors with better education backgrounds are more likely to leave. When auditors leave, their firms may lose clients, but the clients who stay end up paying lower fees without a drop in audit quality. Higher audit competency reduces the chances of auditors leaving but increases turnover. These findings are important for audit firms and regulators to consider.