Activity: Talks or Presentations › Other Invited Talks or Presentations
Description
This study examines the impact of the Public Company Accounting Oversight Board (PCAOB) international inspections on industry specialization for non- U.S. auditors. Theories suggest the PCAOB auditing standards are stringent and can restrict auditor's ability to exercise professional judgment as well as impede the incentives to develop expertise. This study predicts that PCAOB international inspections will impede auditor industry specialization. Similarly, the study further predicts that the unintended negative consequences will be more pronounced if the auditor receives a deficiency PCAOB inspection report. The research seeks to present empirical evidence consistent with the above predictions. Overall, the study will highlight the unintended negative consequences of PACOB international inspections. The study has implications for regulators, investors, and other market participants.
