dc.contributor.authorLennox, Clive S.
dc.contributor.authorWu, Xi
dc.contributor.authorZhang, Tianyu
dc.date.accessioned2018-12-03T06:58:06Z
dc.date.available2018-12-03T06:58:06Z
dc.date.issued2014
dc.identifier.citationLennox, C. S., Wu, X., & Zhang, T. (2014). Does Mandatory Rotation of Audit Partners Improve Audit Quality?. Accounting Review, 89(5), 1775-1803. doi:10.2308/accr-50800en_US
dc.identifier.issn0001-4826en_US
dc.identifier.urihttp://hdl.handle.net/10220/46766
dc.description.abstractOpponents of mandatory rotation argue that a change of partner is bad for audit quality, as it results in a loss of client-specific knowledge. On the other hand, proponents argue that a change of partner is beneficial, as it results in a positive peer review effect and a fresh perspective on the audit. We test the impact of mandatory partner rotation on audit quality using a unique dataset of audit adjustments in China. Our results suggest that mandatory rotation of engagement partners results in higher quality audits in the years immediately surrounding rotation. Specifically, we find a significantly higher frequency of audit adjustments during the departing partner's final year of tenure prior to mandatory rotation and during the incoming partner's first year of tenure following mandatory rotation.en_US
dc.language.isoenen_US
dc.relation.ispartofseriesAccounting Reviewen_US
dc.rights© 2014 American Accounting Association (AAA).en_US
dc.subjectMandatory Rotationen_US
dc.subjectAudit Partnersen_US
dc.subjectDRNTU::Business::Accountingen_US
dc.titleDoes mandatory rotation of audit partners improve audit quality?en_US
dc.typeJournal Article
dc.contributor.schoolCollege of Business (Nanyang Business School)en_US
dc.identifier.doihttp://dx.doi.org/10.2308/accr-50800


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