Prior research into the effect of different types of experience on audit effort and fees has been conducted at the individual, office or firm level, with an implicit assumption that the team working on each audit is invariant or irrelevant to audit effectiveness or efficiency. An important...

We examine the effect of general, task and industry experience on auditor performance related to the identification of client's business risks (CBR) and identification of entity level controls (ELC) in a construction company. We find the following: (1) increased general experience is only...

Effective consultation is critical for improving the audit of estimates. In an experiment where audit managers acted as consultants to other auditors, we examine conditions in which consultants either recommend estimates that differ substantially from advice-seekers' assessments (contrariness)...

This study investigates why auditors leave public accounting and the consequences of auditor departures. We find that audit competency is negatively associated with a departure decision. Specifically, audit partners and managers, as well as auditors generating more audit revenues and providing...

This study reports the results of an investigation into the profitability of audit engagements. The study is motivated by the frequently expressed concern regarding the lack of competitiveness within the audit market, based on trends of increasing concentration of suppliers. Increasing...