Employing string similarity metrics of partners to estimate audit team continuity: determinant and its effects on audit outcomes and pricing
Employing string similarity metrics of partners to estimate audit team continuity: determinant and its effects on audit outcomes and pricing
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DOI：
10.1108/jal-02-2022-0026
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发表时间：
2023-02
影响因子：
--
通讯作者：
Frendy;F. Takeda
中科院分区：
文献类型：
--
作者：
Frendy;F. Takeda
目的合作伙伴负责分配审计任务并促进团队成员之间的知识共享。这项研究考虑了合伙人组成的变化，以代表审计小组的连续性。本研究探讨审计团队的连续性对审计结果（审计质量和报告滞后），定价及其决定因素（领导合作伙伴的经验），这还没有得到彻底的研究，在以前的studies.Design/方法/approachThis研究采用字符串相似性度量来衡量审计团队的连续性。本研究采用多元面板数据回归实证模型，对2008年至2019年日本上市公司的26，007个事务所年度样本进行了估计。研究结果本研究表明，无论审计师的规模如何，审计团队的连续性与审计费用呈负相关。这一发现有助于现有的文献表明，审计团队的连续性是审计费用的决定因素之一。对于大型审计事务所的客户，审计团队连续性较高（较低）的公司发布审计报告的时间更短（更多）。无论审计事务所的规模如何，主要合伙人的经验都是审计团队连续性的有力预测因素。审计质量是不相关的审计团队的连续性，无论是大型或小型的审计first.Originality/valueThis研究提出并探讨审计团队的连续性措施，采用字符串相似性指标，以量化的变化组成的合作伙伴在连续的审计业务。审计小组的连续性扩大了个别审计伙伴的任期，这是在以前的文献中常用的客户-伙伴关系的衡量标准。
PurposePartners are responsible for allocating audit tasks and facilitating knowledge sharing among team members. This study considers changes in the composition of partners to proxy for the continuity of the audit team. This study examines the effect of audit team continuity on audit outcomes (audit quality and report lags), pricing and its determinant (lead partner experience), which have not been thoroughly examined in previous studies.Design/methodology/approachThis study employs string similarity metrics to measure audit team continuity. The study employs multivariate panel data regression empirical models to estimate a sample of 26,007 firm-years of listed Japanese companies from 2008 to 2019.FindingsThe study reveals that audit team continuity is negatively associated with audit fees, regardless of the auditor’s size. This finding contributes to the existing literature by showing that audit team continuity represents one of the determinant factors of audit fee. For clients of large audit firms, companies with higher (lower) audit team continuity issue audit reports in less (more) time. The experience of lead partners is a strong predictor of audit team continuity, irrespective of audit firm size. Audit quality is not associated with audit team continuity for either large or small audit firms.Originality/valueThis study proposes and examines audit team continuity measures that employ string similarity metrics to quantify changes in the composition of partners in consecutive audit engagements. Audit team continuity expands upon the tenure of individual audit partners, which is commonly used in prior literature as a measure of client–partner relationships.