Learning by Doing? Partners' Audit Experience and the Quality of Audit Services

Despite evidence suggesting that specialised knowledge should be more relevant than generic knowledge to explain different levels of audit quality across individual auditors, no study to date has addressed the respective impacts of the industry-specific and the generic audit experience of audit part...

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Autores: García Blandón, Josep, Argilés Bosch, Josep M., Ravenda, Diego
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2020
País:España
Institución:Universidad de Barcelona
Repositorio:Dipòsit Digital de la UB
OAI Identifier:oai:diposit.ub.edu:2445/170237
Acceso en línea:https://hdl.handle.net/2445/170237
Access Level:acceso abierto
Palabra clave:Auditoria
Empreses auditores
Experiència
Auditing
Accounting firms
Experience
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spelling Learning by Doing? Partners' Audit Experience and the Quality of Audit ServicesGarcía Blandón, JosepArgilés Bosch, Josep M.Ravenda, DiegoAuditoriaEmpreses auditoresExperiènciaAuditingAccounting firmsExperienceDespite evidence suggesting that specialised knowledge should be more relevant than generic knowledge to explain different levels of audit quality across individual auditors, no study to date has addressed the respective impacts of the industry-specific and the generic audit experience of audit partners on the quality of audit services. Our study investigates this issue in the Spanish audit market. We proxy audit quality by discretionary accruals and by the opinion of the audit report, and differentiate among client-specific experience, industry-specific experience and generic audit experience of individual auditors. As expected, our results show significantly higher audit quality when the client is audited by a partner with stronger industry-specific audit experience. Furthermore, we observe that neither client-specific experience nor generic audit experience of audit partners are significant determinants of the quality of audit services provided by these auditors. These results may have some interesting implications for audit firms. Therefore, whereas some prior studies on the related issue of industry specialization point out that specialised knowledge is more relevant than generic knowledge to explain the quality of audit services, our findings suggest that specialised knowledge is, in fact, the only type of knowledge that seems to matter.Asociación Española de Profesores Universitarios de Contabilidad2020info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://hdl.handle.net/2445/170237Articles publicats en revistes (Empresa)reponame:Dipòsit Digital de la UBinstname:Universidad de BarcelonaInglésReproducció del document publicat a: https://doi.org/10.6018/rcsar.366921Revista de Contabilidad - Spanish Accounting Review, 2020, vol. 23, num. 2, p. 197-209https://doi.org/10.6018/rcsar.366921cc-by-nc-nd (c) Asociación Española de Profesores Universitarios de Contabilidad, 2020http://creativecommons.org/licenses/by-nc-nd/3.0/esinfo:eu-repo/semantics/openAccessoai:diposit.ub.edu:2445/1702372026-05-27T06:46:51Z
dc.title.none.fl_str_mv Learning by Doing? Partners' Audit Experience and the Quality of Audit Services
title Learning by Doing? Partners' Audit Experience and the Quality of Audit Services
spellingShingle Learning by Doing? Partners' Audit Experience and the Quality of Audit Services
García Blandón, Josep
Auditoria
Empreses auditores
Experiència
Auditing
Accounting firms
Experience
title_short Learning by Doing? Partners' Audit Experience and the Quality of Audit Services
title_full Learning by Doing? Partners' Audit Experience and the Quality of Audit Services
title_fullStr Learning by Doing? Partners' Audit Experience and the Quality of Audit Services
title_full_unstemmed Learning by Doing? Partners' Audit Experience and the Quality of Audit Services
title_sort Learning by Doing? Partners' Audit Experience and the Quality of Audit Services
dc.creator.none.fl_str_mv García Blandón, Josep
Argilés Bosch, Josep M.
Ravenda, Diego
author García Blandón, Josep
author_facet García Blandón, Josep
Argilés Bosch, Josep M.
Ravenda, Diego
author_role author
author2 Argilés Bosch, Josep M.
Ravenda, Diego
author2_role author
author
dc.subject.none.fl_str_mv Auditoria
Empreses auditores
Experiència
Auditing
Accounting firms
Experience
topic Auditoria
Empreses auditores
Experiència
Auditing
Accounting firms
Experience
description Despite evidence suggesting that specialised knowledge should be more relevant than generic knowledge to explain different levels of audit quality across individual auditors, no study to date has addressed the respective impacts of the industry-specific and the generic audit experience of audit partners on the quality of audit services. Our study investigates this issue in the Spanish audit market. We proxy audit quality by discretionary accruals and by the opinion of the audit report, and differentiate among client-specific experience, industry-specific experience and generic audit experience of individual auditors. As expected, our results show significantly higher audit quality when the client is audited by a partner with stronger industry-specific audit experience. Furthermore, we observe that neither client-specific experience nor generic audit experience of audit partners are significant determinants of the quality of audit services provided by these auditors. These results may have some interesting implications for audit firms. Therefore, whereas some prior studies on the related issue of industry specialization point out that specialised knowledge is more relevant than generic knowledge to explain the quality of audit services, our findings suggest that specialised knowledge is, in fact, the only type of knowledge that seems to matter.
publishDate 2020
dc.date.none.fl_str_mv 2020
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/2445/170237
url https://hdl.handle.net/2445/170237
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Reproducció del document publicat a: https://doi.org/10.6018/rcsar.366921
Revista de Contabilidad - Spanish Accounting Review, 2020, vol. 23, num. 2, p. 197-209
https://doi.org/10.6018/rcsar.366921
dc.rights.none.fl_str_mv cc-by-nc-nd (c) Asociación Española de Profesores Universitarios de Contabilidad, 2020
http://creativecommons.org/licenses/by-nc-nd/3.0/es
info:eu-repo/semantics/openAccess
rights_invalid_str_mv cc-by-nc-nd (c) Asociación Española de Profesores Universitarios de Contabilidad, 2020
http://creativecommons.org/licenses/by-nc-nd/3.0/es
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Asociación Española de Profesores Universitarios de Contabilidad
publisher.none.fl_str_mv Asociación Española de Profesores Universitarios de Contabilidad
dc.source.none.fl_str_mv Articles publicats en revistes (Empresa)
reponame:Dipòsit Digital de la UB
instname:Universidad de Barcelona
instname_str Universidad de Barcelona
reponame_str Dipòsit Digital de la UB
collection Dipòsit Digital de la UB
repository.name.fl_str_mv
repository.mail.fl_str_mv
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