Median audit times for municipal bond issuers have generally been increasing since 2009
While most seasoned investors realize that companies tend to be cagey about their reasons for firing auditors, research from Notre Dame finds the disclosures are useless to an extreme.
By: Mark Blackwell Thomas | Published: April 30, 2021 | 2:13 pm | SHARE: Heavy workloads and high employee turnover are simply part of business for most auditing firms — but successfully managing these dynamics is key to maintaining quality audits, a Florida State University researcher has found. Nate Newton, assistant professor of accounting in the College of Business, studied one of the top global accounting firms, investigating two key elements of audit teams: workloads and staffing continuity.
Regulators have expressed concerns that audit firms’ emphasis on non-audit services (NAS) such as consulting could distract from an audit, and quality does suffer in certain cases, according to new research from the University of Notre Dame.