umu.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Education, Experience and Audit Effort
BI Norwegian Business School.
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Business Administration.
2018 (English)In: Auditing, ISSN 0278-0380, E-ISSN 1558-7991, Vol. 37, no 3, p. 91-115Article in journal (Refereed) Published
Abstract [en]

This paper examines how audit effort, measured by the estimated number of audit hours used to perform the clients' audits, is associated with engagement partners' formal education, continuing professional education (CPE), and professional experience. Although the literature provides considerable evidence for the determinants of audit fees, our understanding of how audit effort is related to these partner characteristics is limited. The aim of this paper is to shed light on partner-specific factors that may influence how much audit effort they and their team members exert. Using a sample of 1,738 unique partners and 178,770 client-year observations, we find evidence that auditors with a master's degree exert more effort than those with a bachelor's degree. We also find a positive relation between audit effort and CPE. The relation between audit effort and professional experience is nonlinear: the least experienced auditors put in the least effort, moderately experienced auditors exert the most effort, while the effort level of the most experienced auditors is in between. We also document that the accuracy of going concern modified audit reports is higher for more knowledgeable auditors.

Place, publisher, year, edition, pages
American Accounting Association , 2018. Vol. 37, no 3, p. 91-115
Keywords [en]
audit effort, engagement partner, formal education, continuing professional education, professional experience
National Category
Business Administration
Research subject
Business Studies
Identifiers
URN: urn:nbn:se:umu:diva-139556DOI: 10.2308/ajpt-51896ISI: 000441542700005OAI: oai:DiVA.org:umu-139556DiVA, id: diva2:1142100
Funder
The Jan Wallander and Tom Hedelius Foundation, P2014-0088:1
Note

Errata Auditing: A Journal of Practice & Theory 2018 37 (4): p. 261 DOI: 10.2308/ajpt-10643

Available from: 2017-09-18 Created: 2017-09-18 Last updated: 2019-01-14Bibliographically approved

Open Access in DiVA

No full text in DiVA

Other links

Publisher's full text

Authority records BETA

Svanström, Tobias

Search in DiVA

By author/editor
Svanström, Tobias
By organisation
Business Administration
In the same journal
Auditing
Business Administration

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 161 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf