A note on the effect of PCAOB inspections on the audit quality of triennial CPA firms

Alan I. Blankley, Keejae P. Hong, David Kerr and Casper E. Wiggins

Research in Accounting Regulation, 2014, vol. 26, issue 2, 212-216

Abstract: This note reports the results of a study conducted regarding PCAOB inspections of triennial CPA firms. The purpose was to see if there was any evidence that inspections contributed to improved audit quality. It was found that small firms did not correct staffing deficiencies, which were related to previous audit deficiencies determined by the PCAOB. However, deficient firms did increase their audit fees significantly more following their first inspections than non-deficient firms. This result is consistent with applying greater audit effort after the inspection.

Keywords: PCAOB inspections; Audit quality; Triennial firms; Audit fees (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reacre:v:26:y:2014:i:2:p:212-216

DOI: 10.1016/j.racreg.2014.09.004

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