In:
AUDITING: A Journal of Practice & Theory, American Accounting Association, Vol. 31, No. 1 ( 2012-02-01), p. 97-114
Abstract:
Using structured interviews and surveys of practicing audit partners, this study examines their perceptions with regard to mandatory partner rotation and cooling-off periods, and how recently enacted, more stringent rules, may negatively impact auditors' quality of life to the detriment of audit quality. Results suggest rotation, in general, increases partners' workloads and the likelihood of relocation. Additionally, results suggest that in response to accelerated rotation (and an extended cooling-off period), partners would rather learn a new industry than relocate. Importantly, partners perceive audit quality suffers from retraining, but not from relocating. Thus these results suggest an indirect, negative impact, and unintended consequence, of accelerated rotation/extended cooling-off periods on audit quality. Data Availability: The survey instrument is available upon request. Individual audit partner responses are confidential.
Type of Medium:
Online Resource
ISSN:
0278-0380
,
1558-7991
Language:
English
Publisher:
American Accounting Association
Publication Date:
2012
detail.hit.zdb_id:
2068208-6
SSG:
3,2
Permalink
