The Association between Audit Partner Busyness, Audit Partner Tenure, and Audit Efficiency

Nahla Abdulrahman Mohammed Raweh (), Hasnah Kamardin (), Mazrah Malik @ Malek () and Abdulwahid Ahmed Hashed Abdullah ()

Asian Economic and Financial Review, 2021, vol. 11, issue 1, 90-103

Abstract: The main purpose of this study is to provide evidence of how audit partner busyness and tenure are associated with audit efficiency. Based on a pooled OLS regression analysis of 232 observations from non-financial companies listed on the Omani capital market between 2013 and 2016, the results reveal no association between partner busyness and audit efficiency—although it does improve audit efficiency for clients of the Big 4 audit firms. Moreover, longer partner tenures are shown to significantly enhance audit efficiency. Given the lack of evidence currently available, this study reinforces the importance of examining audit outcomes at the level of audit partner, providing important insights into audit efficiency for regulators, companies, and auditors. Overall, this study is one of few presenting empirical evidence on the importance of the characteristics of partner incentives in the context of audit efficiency.

Keywords: Audit efficiency; Audit report lag; Audit partner busyness; Audit partner tenure; Auditing; Oman. (search for similar items in EconPapers)
Date: 2021
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