Audit Quality: Insights from the Academic Literature

68 Pages Posted: 17 Apr 2012 Last revised: 27 May 2014

See all articles by Warren Robert Knechel

Warren Robert Knechel

University of Auckland Business School

Gopal V. Krishnan

Bentley University

Mikhail Pevzner

University of Baltimore - Merrick School of Business

Lori Shefchik Bhaskar

Indiana University - Kelley School of Business - Department of Accounting

Uma Velury

University of Delaware - Accounting & MIS

Date Written: January 1, 2013

Abstract

This study presents a review of academic research on audit quality. We begin with a review of existing definitions of audit quality and describe general frameworks for establishing audit quality. Next, we summarize research on indicators of audit quality, such as inputs, process, and outcomes. Finally, we offer some suggestions for future research. The study should be useful to academics interested in audit quality as well as to the Public Company Accounting Oversight Board (PCAOB) and other regulators.

Keywords: Audit Quality, Auditing, PCAOB Synthesis

JEL Classification: M40, M41

Suggested Citation

Knechel, Warren Robert and Krishnan, Gopal and Pevzner, Mikhail and Bhaskar, Lori Shefchik and Velury, Uma, Audit Quality: Insights from the Academic Literature (January 1, 2013). Auditing: A Journal of Practice & Theory, 32(1), February 2013, Available at SSRN: https://ssrn.com/abstract=2040754 or http://dx.doi.org/10.2139/ssrn.2040754

Warren Robert Knechel

University of Auckland Business School ( email )

12 Grafton Rd
Private Bag 92019
Auckland, 1010
New Zealand

Gopal Krishnan

Bentley University ( email )

175 Forest Street
Waltham, MA 02452
United States
781-891-2477 (Phone)

Mikhail Pevzner

University of Baltimore - Merrick School of Business ( email )

1420 N. Charles St.
Baltimore, MD 21201-5779
United States

Lori Shefchik Bhaskar

Indiana University - Kelley School of Business - Department of Accounting ( email )

1309 E. 10th Street
Bloomington, IN 47405
United States

Uma Velury (Contact Author)

University of Delaware - Accounting & MIS ( email )

Alfred Lerner College of Business and Economics
Newark, DE 19716
United States