This paper empirically investigates whether audit quality and audit fees differ for audit clients receiving positive media attention. Specifically, we use the Wall Street Journal's top 250 ranking of best-managed companies to investigate the impact of positive media attention. Employing a...

There is a constant questioning about the interest of introducing the joint audit. Very recently, the European Commission has raised this topic in its Green Paper, arguing that it may be a way to increase audit quality after the financial crisis and to mitigate audit market concentration, by...

This paper studies the claimed costs and benefits of joint audit that has recently been suggested by the European Commission (EC 2011) as a way to increase the market efficiency. This initiative has raised a vivid debate between the Big and the 2nd Tier audit firms. While both claim acting on...

Key audit matters (KAM) provide information about the auditor’s response to the most significant assessed risks of material misstatement. While prior studies mainly examine how information is presented in KAM reporting (e.g., readability and tone), we identify what (non-boilerplate)...

This paper empirically investigates the association between codetermination on the audit committee (AC) and audit quality. Using a sample of 655 firm-year observations related to German CDAX companies, our results indicate that the presence of employee representatives on the AC is negatively...

This paper empirically investigates the association between codetermination on the audit committee (AC) and audit quality. Using a sample of 655 firm-year observations related to German CDAX companies, our results indicate that the presence of employee representatives on the AC is negatively...