The Revolving Door between the PCAOB and Large Audit Firms

2018 ◽  
Author(s):  
Bradley E. Hendricks ◽  
Wayne R. Landsman ◽  
Francisco Dimas Peea Romera
Keyword(s):  
Revolving Door ◽  
Audit Firms

The revolving door between large audit firms and the PCAOB: Implications for future inspection reports and audit quality

2021 ◽  
Author(s):  
Bradley E Hendricks ◽  
Wayne R. Landsman ◽  
Francisco Dimas Pena-Romera
Keyword(s):  
Audit Quality ◽  
Revolving Door ◽  
Financial Reports ◽  
Negatively Associated ◽  
Audit Firms

This study examines whether audit firms hire former PCAOB employees in response to negative PCAOB inspection reports, and whether such hiring leads to reductions in future inspection deficiencies and an increase in audit quality. We find that the number of PCAOB employees hired by large audit firms is positively related to the number of deficiencies reported in their prior inspection report, and that the number of deficiencies reported in firms' future inspection reports is negatively associated with the number of former PCAOB employees hired. However, we find no significant association between the number of former PCAOB employees that a firm hires and improvement in audit quality. These findings suggest that former PCAOB personnel possess valuable knowledge about how to perform and document audit procedures to satisfy PCAOB reviewers, but that this expertise does not necessarily have direct implications for the accuracy and reliability of clients' financial reports.

Marriage-Divorce-Remarriage: The Revolving Door

1977 ◽  
Vol 22 (5) ◽  
pp. 395-396
Author(s):  
DAVID H. OLSON
Keyword(s):  
Revolving Door

The revolving door effect: Innovations in employee retention strategies

2009 ◽  
Author(s):  
Laura A. Steighner ◽  
Fred A. Mael ◽  
Dana E. Sims ◽  
Michael Ingerick
Keyword(s):  
Employee Retention ◽  
Revolving Door ◽  
Retention Strategies

The Jews of Aberdeen: a Revolving Door Community since 1893 and its Antecedents

2007 ◽  
Vol 27 (First Serie (1) ◽  
pp. 147-168 ◽  
Author(s):  
Nathan Abrams
Keyword(s):  
Revolving Door
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