Gopal V. Krishnan

TL;DR: In this paper, the authors examined the association between auditor industry expertise and absolute discretionary accruals, measured in terms of both auditor market share in an industry and an industry's share in the auditor's portfolio of client industries and found that specialist auditors mitigate accruality-based earnings management more than non-specialist auditors and therefore, influence the quality of earnings.

TL;DR: In this article, the authors examined the association between auditor industry expertise, measured in terms of both auditor market share in an industry and an industry's share in the auditor's portfolio of client industries, and a client's level of absolute discretionary accruals, a common proxy for earnings management.

TL;DR: In this article, the authors examined whether the audit committee's financial expertise is associated with accounting conservatism, a fundamental characteristic of financial reporting, and they found that an accounting committee's expertise is positively associated with conservatism when financial expertise was defined to include only accounting experts.

TL;DR: A review of academic research on audit quality can be found in this paper, where the authors present a review of existing definitions of audit quality and describe general frameworks for establishing audit quality.

TL;DR: The Sarbanes-Oxley Act (SOX) (U.S. Congress 2002) mandates the disclosure of whether the audit committee includes a financial expert as discussed by the authors, which is a controversial issue.