Lori Shefchik Bhaskar

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 authors conducted a comprehensive study on the associations between debt covenant violations and auditor actions for financially distressed and non-distressed firms and found that firms with violations have significantly higher audit fees, a greater likelihood of receiving a going-constraint opinion, and a higher likelihood of experiencing an auditor resignation.

TL;DR: This paper conducted a comprehensive study on the associations between debt covenant violations and auditor actions for financially distressed and non-distressed firms and found that firms with violations have significantly higher audit fees, a higher likelihood of receiving a going-concern opinion, and a greater likelihood of experiencing an auditor resignation.

TL;DR: In this article, the quality of financial statement (FS) audits integrated with audits of internal controls over financial reporting (ICFR) depends upon both integration of ICFR audit-derived control information into FS audits and audit quality.

TL;DR: In this article, the authors compare a 2007 - 2013 sample of small, U.S. public company firm-years receiving integrated audits (accelerated filers) to firm-year receiving FS-only audits (nonceleratedfilers) and find integrated audits are associated with higher likelihood of material misstatements and discretionary accruals, consistent with lower FS audit quality.