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Audit partner’s length of audit experience and audit quality: evidence from Korea

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  • Catherine Heyjung Sonu
  • Ahrum Choi
  • Joonil Lee
  • Wonsuk Ha

Abstract

This paper investigates the relation between the length of an audit partner’s experience as a certified public accountant and audit quality. Audit quality is measured by the magnitude of discretionary accruals and tendency to meet or miss earnings benchmarks of the client firms. This paper documents that an audit partner’s experience is positively associated with audit quality and the association is more salient among non-Big 4 auditors. These findings suggest that auditors’ knowledge and expertise develop with actual involvement with the clients over an extended period of time. For Big 4 audit firms, intense training, structured audit programs, and knowledge sharing opportunities are provided to individual accountants, which may weaken the dependence of audit quality on the individual partner’s experience.

Suggested Citation

  • Catherine Heyjung Sonu & Ahrum Choi & Joonil Lee & Wonsuk Ha, 2019. "Audit partner’s length of audit experience and audit quality: evidence from Korea," Asia-Pacific Journal of Accounting & Economics, Taylor & Francis Journals, vol. 26(3), pages 261-280, May.
    • Handle: RePEc:taf:raaexx:v:26:y:2019:i:3:p:261-280
    DOI: 10.1080/16081625.2016.1242428
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    Cited by:

    1. Mahdi Salehi & Grzegorz Zimon & Hossein Tarighi & Javad Gholamzadeh, 2022. "The Effect of Mandatory Audit Firm Rotation on Earnings Management and Audit Fees: Evidence from Iran," JRFM, MDPI, vol. 15(3), pages 1-20, February.
    2. Mohammad Abedalrahman Alhmood & Hasnah Shaari & Redhwan Al-dhamari, 2022. "Audit Partner Characteristics and Real Earnings Management Practices in Jordan," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 185-200.

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