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dc.contributor.advisorHodge, Frank Den_US
dc.contributor.authorWinn, Amandaen_US
dc.date.accessioned2014-10-13T19:54:10Z
dc.date.submitted2014en_US
dc.identifier.otherWinn_washington_0250E_13192.pdfen_US
dc.identifier.urihttp://hdl.handle.net/1773/26231
dc.descriptionThesis (Ph.D.)--University of Washington, 2014en_US
dc.description.abstractI examine the joint effects of two current audit regulations, mandatory partner rotation and PCAOB inspections, on audit quality. In doing so, I respond to Congress's call for research about the effects of the 2002 Sarbanes-Oxley Act's reforms on audit quality. In an experiment using experienced professional auditors, auditors decrease effort in the year prior to mandatory partner rotation and increase effort when there is a high risk of PCAOB inspection. When auditors anticipate both mandatory partner rotation and a high risk of PCAOB inspection, the effect of PCAOB inspection risk mitigates the decrease in effort from mandatory partner rotation, such that the net change in effort is not statistically different from zero. Additionally, partner rotation causes partners to reduce time spent on activities likely to enhance audit quality in favor of documentation. I find no evidence that partner rotation or PCAOB inspections affect auditors' independence, as measured by the magnitude of proposed audit adjustments. Regulators can consider whether required PCAOB inspections may perform the same external review function as the "fresh eyes" of mandatory firm rotation as they debate additional reforms.en_US
dc.format.mimetypeapplication/pdfen_US
dc.language.isoen_USen_US
dc.rightsCopyright is held by the individual authors.en_US
dc.subjectaudit quality; inspections; PCAOB; rotationen_US
dc.subject.otherAccountingen_US
dc.subject.otherPublic policyen_US
dc.subject.otherbusiness administrationen_US
dc.titlePartner Rotation and PCAOB Inspections: Effects on End-of-Term Audit Qualityen_US
dc.typeThesisen_US
dc.embargo.termsRestrict to UW for 5 years -- then make Open Accessen_US
dc.embargo.lift2019-09-17T19:54:10Z


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