rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Mandatory Partner Rotation and Audit Quality
    sub title: Evidence from U.S. Audit Firm Archival Data
  name:
    name part: Christensen, Brant
    role:
      role term: creator
    role:
      role term: author.
  name:
    name part: Shelley, Marjorie K.
    role:
      role term: thesis advisor.
  name:
    name part: Wang, Dechun
    role:
      role term: thesis advisor.
  name:
    name part: Texas A & M University
    role:
      role term: degree granting institution.
  type of resource: text
  genre: bibliography
  origin info:
    place:
      place term: txu
    date issued: 2015
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: remote
    extent: 1 online resource.
  abstract: Although mandatory partner rotation has existed in the U.S. in some form since the 1970s, insufficient U.S. partner-specific data has limited researchers' ability to examine the costs and benefits of mandatory U.S. partner rotation in the current audit environment. Using proprietary data from a large international audit firm, I investigate the effect of mandatory lead partner rotation in the U.S. on three proxies for audit quality: audit fees, identifying and reporting a material control weakness, and providing a modified audit opinion. Controlling for client- and audit-specific characteristics, I provide evidence that mandatory rotation of the lead engagement partner increases audit quality in the year of rotation among larger audit offices only; audit quality is lower in the year of mandatory lead partner rotation in smaller offices. Further, rotation increases audit quality when the incoming lead engagement partner has the requisite industry expertise, but decreases audit quality when the lead partner lacks such expertise. Additional analyses show that mandatory concurring partner rotation has a similar, albeit weaker effect on audit quality. My results are robust to various proxies for audit quality, time periods, and model specifications. These findings provide evidence on the costs and benefits of partner rotation and informs practitioners, academics, and regulators as to the consequences of mandatory partner rotation in the U.S. The electronic version of this dissertation is accessible from http://hdl.handle.net/1969.1/155494
  note: by Brant Christensen.
  note: "Major Subject: Accounting"
  note: Includes vita.
  note: Doctor of Philosophy Texas A & M University 2015 http://hdl.handle.net/1969.1/155494
  note: Includes bibliographical references.
  note: Text (Dissertation)
  subject:
    topic: Major Accounting
  subject:
    topic: Audit quality
  subject:
    topic: Audit partner rotation
  identifier: http://hdl.handle.net/1969.1/155494
  record info:
    record content source: TXA
    record creation date: 160914
    record change date: 20170926144712.0
    record identifier: in00003710391
    language of cataloging:
      language term: eng