search query: @indexterm SELECTION OF PERSONNEL / total: 491
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| Author: | Abbott, L.J. Parker, S. |
| Title: | Auditor selection and audit committee characteristics |
| Journal: | Auditing: A Journal of Practice and Theory
2000 : FALL, VOL. 19:2, p. 47-66 |
| Index terms: | AUDIT COMMITTEES CORPORATE GOVERNANCE SELECTION OF PERSONNEL |
| Language: | eng |
| Abstract: | The authors focus on one frequently noted function of the audit committee: auditor selection. They argue that independent and active audit committee members demand a high level of audit quality because of concerns about monetary or reputational losses that may result from lawsuits or SEC sanction. Auditors who specialize in the client's industry are expected to provide a higher level of audit quality than nonspecialists. Thus, the authors predict that firms with audit committees that are both independent and active are more likely to employ an industry-specialist auditor. |
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