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Mandatory Audit Partner Rotation in Non-Big 4 Audit Firms

Docimo, William Michael (2022) Mandatory Audit Partner Rotation in Non-Big 4 Audit Firms. Doctoral Dissertation, University of Pittsburgh. (Unpublished)

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This dissertation examines the impact of mandatory audit partner rotation on audit quality and audit firm dismissals for clients of non-Big 4 audit firms. Prior literature suggests that audit firms lose significant client-specific knowledge following partner rotation, and non-Big 4 audit firms may lack the resources to effectively mitigate this loss. I find that mandatory rotation is negatively associated with audit quality and positively associated with audit firm dismissals for clients of non-Big 4 audit firms. These results are concentrated in larger and more complex clients where the loss of client-specific knowledge is likely greatest. I find no association between mandatory rotation and audit quality or dismissals in a sample of Big 4 clients, suggesting that mandatory audit partner rotation may disproportionately negatively affect smaller audit firms. Finally, I find some evidence that audit partners’ prior public client experience and audit partner capacity within the audit office mitigates the negative audit quality outcomes associated with mandatory rotation. My findings should be of interest to researchers and regulators concerned with audit quality and audit market concentration.


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Item Type: University of Pittsburgh ETD
Status: Unpublished
CreatorsEmailPitt UsernameORCID
Docimo, William Michaelwmd13@pitt.eduwmd13
ETD Committee:
TitleMemberEmail AddressPitt UsernameORCID
Committee CoChairGunn,
Committee CoChairHoffman,
Committee MemberLi,
Committee MemberStein, Sarah
Committee MemberFeng,
Date: 5 July 2022
Date Type: Publication
Defense Date: 19 April 2022
Approval Date: 5 July 2022
Submission Date: 2 June 2022
Access Restriction: No restriction; Release the ETD for access worldwide immediately.
Number of Pages: 73
Institution: University of Pittsburgh
Schools and Programs: Joseph M. Katz Graduate School of Business > Business Administration
Degree: PhD - Doctor of Philosophy
Thesis Type: Doctoral Dissertation
Refereed: Yes
Uncontrolled Keywords: audit quality, partner rotation, auditor dismissals
Date Deposited: 05 Jul 2022 11:24
Last Modified: 05 Jul 2022 11:24


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