Engagement Partner Identification Format and Audit Quality

57 Pages Posted: 30 Sep 2019 Last revised: 18 Jul 2022

See all articles by Jean Bédard

Jean Bédard

Université Laval - École de comptabilité

Carl Brousseau

Université Laval - School of Accounting

Louis-Philippe Sirois

Université Laval - École de comptabilité

Date Written: July 15, 2022

Abstract

Exploiting the staggered adoption of three key regulations that implemented distinct engagement partner identification (EPI) formats for separate groups of Canadian firms over a 10-year period, we investigate the association between eight audit quality proxies and three EPI formats: two indirect (auditor permit number in the report, Form AP) and one direct (partner name in the report). This unique setting not only enables us to examine the short-term association between three different EPI formats and audit quality but also to investigate the long-term association for one EPI format (auditor permit number). In the main analysis, out of 32 results of interest, only three are significant and indicate a positive association. Hence, our results show no widespread effect of EPI on audit quality, regardless of format, thus suggesting that the inconsistent results reported in prior literature may not be driven by the different formats explored in these studies.

Keywords: engagement partner identification; audit quality; auditor's report

Suggested Citation

Bédard, Jean and Brousseau, Carl and Sirois, Louis-Philippe, Engagement Partner Identification Format and Audit Quality (July 15, 2022). Available at SSRN: https://ssrn.com/abstract=3456407 or http://dx.doi.org/10.2139/ssrn.3456407

Jean Bédard

Université Laval - École de comptabilité ( email )

2325, rue de la Terrasse
Québec, Québec G1V 0A6
Canada
418-656-7055 (Phone)
418-656-2624 (Fax)

Carl Brousseau (Contact Author)

Université Laval - School of Accounting ( email )

Quebec City
Canada

Louis-Philippe Sirois

Université Laval - École de comptabilité ( email )

Quebec City
Canada

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
125
Abstract Views
983
rank
324,464
PlumX Metrics