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Private-Client Industry Specialization and Public-Client Audit Quality

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dc.contributor.authorTruelson, Jonathan Michael Terryen
dc.contributor.committeechairLisic, Ling Leien
dc.contributor.committeememberSeidel, Timen
dc.contributor.committeememberAcito, Andrew A.en
dc.contributor.committeememberHarding, Michelleen
dc.contributor.committeememberCobabe, Matthew A.en
dc.contributor.committeememberSmith, Kecia Williamsen
dc.contributor.departmentAccounting and Information Systemsen
dc.date.accessioned2022-09-28T06:00:07Zen
dc.date.available2022-09-28T06:00:07Zen
dc.date.issued2021-04-05en
dc.description.abstractThis study examines whether auditor industry expertise in private clients influences audit quality of public client engagements in the United States. Private companies are significant to the U.S. economy as well as audit firms. I hand-collect auditors' private client information and construct a national, city, and joint national/city specialist designation and document a 17.9 to 47.3 (12.9 to 25.8) percent decrease in a public client's likelihood to misstate their financial statements (net income earnings management) when an auditor is a private client industry specialist. I then construct and test a city specialist measure using both private and public client data and find that it is economically stronger and more robust than the public only measure commonly employed by audit researchers. This study provides evidence of the importance of private companies to an audit firm's industry expertise as well as to researchers' use of city specialist measure in audit studies.en
dc.description.abstractgeneralThis study examines whether auditor industry expertise in private clients influences audit quality of public client engagements in the United States. Private companies are significant to the U.S. economy as well as audit firms. I hand-collect auditors' private client information and construct a national, city, and joint national/city specialist designation and find that audit quality is higher for the audit firm's public clients in the same industry. Next, I construct and test a city industry specialist measure using both private and public client data and find that it is economically stronger and more robust than the public only measure commonly employed by audit researchers. This study provides evidence of the importance of private companies to an audit firm's industry expertise as well as to researchers' use of city specialist measure in audit studies.en
dc.description.degreeDoctor of Philosophyen
dc.format.mediumETDen
dc.identifier.othervt_gsexam:30019en
dc.identifier.urihttp://hdl.handle.net/10919/112012en
dc.publisherVirginia Techen
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectAuditor industry expertiseen
dc.subjectAudit officeen
dc.subjectMisstatementsen
dc.subjectAccrualsen
dc.subjectand Audit feesen
dc.titlePrivate-Client Industry Specialization and Public-Client Audit Qualityen
dc.typeDissertationen
thesis.degree.disciplineAccounting and Information Systemsen
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen
thesis.degree.leveldoctoralen
thesis.degree.nameDoctor of Philosophyen

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