Working Papers
The economic research fellows and staff economists generate high quality working papers that inform the oversight activities of the PCAOB and are disseminated to stimulate discussion and critical comment to the benefit of the public.
Working papers are preliminary materials that have not been approved by the Board and reflect only the views of the author(s). (Note: Italic name indicates a PCAOB staff economist; bold name indicates
a current or former economic research fellow.)
2020
2019
2018
2017
2016
2020
- "Audit Firm Internal Governance, Auditor Behavior, and Financial Reporting Quality," by Daniel Aobdia and Reining Petacchi
- "Do Entry Barriers to the Public Company Audit Market Deter Low Quality Audit Firms?" by Andrew Kitto, Phillip T. Lamoreaux, and Devin Williams
- "Weak Incentives for Audit Quality: Evidence from Broker-Dealers," by Zachary T. Kowaleski
2019
- "The effects of non-Big 4 mergers on audit efficiency and audit market competition," by Andrew Kitto
- "The Profit Persistence in the U.S. Audit Market" by
Andrew Kitto and
William A. Ciconte III
- "The Economics of Audit Production: What Matters for Audit Production?" by Daniel Aobdia, Preeti Choudhary and Noah Newberger
- "The Costs of Waiving Audit Adjustments," by Preeti Choudhary, Kenneth Merkley, and Katherine Schipper
- "Consequences of Low-Quality Audits for Engagement Partners: The Importance of Audit Firm Quality Control Systems," by Daniel Aobdia and Reining Petacchi
- "Random Forests and Selected Samples," by Jonathan A. Cook and Saad Siddiqui
- "On the Economics of Audit Partner Rotation and Tenure: Evidence from PCAOB Data," by Brandon Gipper, Luzi Hail, and Christian Leuz
- "Auditors' Quantitative Materiality Judgements: Properties and Implications for Financial Reporting Reliability," by Preeti Choudhary, Kenneth Merkley, and Katherine Schipper; published in the Journal of Accounting Research, December 2019, 57(5): 1303-1351
- "Why do Auditors Fail to Report Material Weaknesses in Internal Controls? Evidence from the PCAOB Data," by Daniel Aobdia, Preeti Choudhary, and Gil Sadka
- "Heterogeneity in Expertise in a Credence Goods Setting: Evidence from Audit Partners," by Daniel Aobdia, Saad Siddiqui, and Andrés Vinelli
- "Do Practitioner Assessments Agree with Academic Proxies for Audit Quality? Evidence from PCAOB and Internal Inspections," by Daniel Aobdia; Journal of Accounting and Economics, 2019, 67(1): 144-174
- What's in a Name? Reputation and Monitoring in the Audit Market," by Somdutta Basu and Suraj Shekhar
- "The Economic Consequences of Audit Firm's Quality Control System Deficiencies" by Daniel Aobdia, published in Management Science.
- "Public Oversight and Reporting Credibility: Evidence from the PCAOB Inspection Regime," by Brandon Gipper, Christian Leuz, and Mark Maffett; published December 26, 2019 in The Review of Financial Studies
2018
- "Does Information on Audit Participants Explain Audit Quality of U.S. Multinational Corporations?" by
Denise Hanes Downey and
Jean C. Bedard
- "Inferring Zambia's HIV Prevalence from a Selected Sample," by
Jessica Chan and Jonathan A. Cook; forthcoming
in Applied Economics
- "The Impact of the PCAOB Individual Engagement Inspection Process – Preliminary Evidence," by
Daniel Aobdia;
published in the July 2018 The Accounting Review, 2018, 94(4): 53-80
2017
- "Heckroc: ROC Curves for Selected Samples," by Jonathan A. Cook and Ashish Rajbhandari; published in The Stata Journal, 2018, 18(1): 174-183
2016
- "ROC Curves and Nonrandom Data," by Jonathan A. Cook; published in Pattern Recognition Letters, 2017, 85(1): 35-41
The PCAOB, as a matter of policy, disclaims responsibility for any private publication or statement by any of its economic research fellows or PCAOB staff economists. The views expressed in these papers are those of the authors and do not necessarily reflect the views of the Board, its members, or staff of the PCAOB.