Public company audit partner identification and characteristics

What is it about?

Recent auditing regulation (PCAOB Rule 3211), which requires the pubic disclosure of public company audit partner identities, increases audit quality and audit fees and decreases audit delay in its first year of adoption. Further, the new disclosures make available data on audit partner gender, busyness, education, and social connections. These characteristics vary widely and are important for economic outcomes (i.e., audit fees and audit delay) of the audit. These finding support PCAOB motivation to enhance the audit information environment.

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