Business, Management and Accounting
4 years ago

Audit Oversight Failure Leaves Public in the Dark About Firm Quality

1 view
SSRN Electronic Journal
Auditing the Auditors: Evidence on the Recent Reforms to the External Monitoring of Audit Firms*
Clive S. Lennox, Jeffrey Pittman, Kevin Chen, Zhihong Chen, Ping‐Sheng Koh, Steve Matsunaga, Kirill E. Novoselov, Guochang Zhang, Yong Zhang

Paper Summary

The article looks at how audit firms are monitored by the PCAOB. It found that clients don't think PCAOB reports show audit quality well. Peer review reports got less informative after PCAOB inspections started. The best info about audit quality isn't made public by the PCAOB. This means we know less about audit firm quality now.

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