W. Robert Knechel

TL;DR: In this article, the authors examined the interactions between large audit firms and the PCAOB during the initial years of the Office of Compliance, and found that negative tone within response letters is positively associated with future Part I inspection findings that result in a restatement of a client's financial statements and the likelihood that Part II of a future inspection report will be publicly disclosed.

TL;DR: In this paper, the association between audit-firm characteristics and audit-related litigation risk was examined using data from an insurance company specializing in providing professional liability insurance to a wide range of accounting firms.

TL;DR: In this paper, the authors examined the combined effect of several of the delivery recommendations made in Position Statement No 1 by comparing the degree to which specific teaching objectives were achieved using a traditional accounting practice set (which did not reflect the AECC's delivery recommendations) versus a business simulation accounting practice sets ( which did reflect the delivery recommendation) and found that the results indicated that, with respect to the specific educational experience tested, implementation of selected AECc recommendations will result in positive enhancement of the accounting education experience.

TL;DR: In this article, the audit quality is dependent on the experience and effort of the audit team to identify and respond to client risks (risk responsiveness), central to each team are the core role holders who p...

TL;DR: In 2011, the Public Company Accounting Oversight Board (PCAOB) approached the accounting academy about developing a number of research projects designed to amalgamate existing research on audit issues into a series of knowledge bases for informing future regulatory action (i.e., the Synthesis Projects) as discussed by the authors.