Industry Specialization and Audit Quality: Evidence from Audit Firm Switches in China

被引：4
|
作者：
Ding, Fangfei [1 ]
Qiao, Ziwei [1 ]
Hu, Mingxia [2 ]
Lu, Minkang [3 ]
机构：
[1] Hunan Univ, Business Sch, 11 Southern Lushan Rd, Changsha 410012, Peoples R China
[2] Beijing Natl Accounting Inst, Beijing, Peoples R China
[3] Zhongnan Univ Econ & Law, Sch Accounting, Wuhan, Hubei, Peoples R China
来源：
ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES | 2022年 / 51卷 / 05期
关键词：
Audit quality; Audit firm switches; Firm level; Industry specialization changes; Partner level; MARKET CONCENTRATION; IMPACT; OWNERSHIP; EXPERTISE; OFFICE; EQUITY; FEES;
D O I：
10.1111/ajfs.12365
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Numerous studies have investigated the consequences of auditor switching. This study contributes to the existing literature by examining the impact of industry specialization on audit quality using audit firm switches in China. We find that changing from a non-specialist to a specialist at the auditor partner level rather than the audit firm level decreases discretionary accruals and increases value relevance and the likelihood of modified audit opinions and going-concern opinions. These results suggest that upward partner-level industry specialization improves audit quality for clients, which attenuates the negative impact of an audit switch.
引用
收藏
页码：657 / 681
页数：25
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