VASOA research cited in PCAOB proposals

Research from the Von Allmen School of Accountancy faculty, (Brian Bratten, Monika Causholli, Tyler Kleppe and Hong Xie), were cited in two proposed rule changes by the Public Company Accounting Oversight Board (PCAOB). The PCAOB is the top auditing regulator in the U.S. and is responsible for regulating audits of public companies in the U.S.  The proposals seek to benefit investors, audit committees, and others by increasing audit firm transparency, bringing consistency to the disclosure and calculation of audit firm and engagement metrics, and helping the PCAOB conduct its oversight. Read press release

1. Cory A. Cassell, Tyler J. Kleppe, and Jonathan E. Shipman, Retail Shareholders and the Efficacy of Proxy Voting: Evidence from Auditor Ratification, Review of Accounting Studies 75 (2022). 
2. Brian Bratten, Monika Causholli, and Valbona Sulcaj, Overseeing the External Audit Function: Evidence from Audit Committees’ Reported Activities, 41 Auditing: A Journal of Practice & Theory 1 (2022). 
3. Monika Causholli, W. Robert Knechel, and Haijin Lin, and David E. M. Sappington, Competitive Procurement of Auditing Services with Limited Information, 22 European Accounting Review 573, 576–578 (2013).
4. Monika Causholli and W. Robert Knechel, An Examination of the Credence Attributes of an Audit, 26 Accounting Horizons 631, 633 (2012). 
5. Wuchun Chi, Linda A. Myers, Thomas C. Omer, and Hong Xie, The Effects of Audit Partner Pre-Client and Client-Specific Experience on Audit Quality and on Perceptions of Audit Quality, 22 Review of Accounting Studies 361, 363 (2016).

Proposals: 

https://assets.pcaobus.org/pcaob-dev/docs/default-source/rulemaking/docket_041/2024-002-firm-and-engagement-metrics.pdf

https://assets.pcaobus.org/pcaob-dev/docs/default-source/rulemaking/docket-055/2024-003-firmreporting.pdf