講座：Auditor Skills and Audit Quality: Evidence from Job Postings
題 目：Auditor Skills and Audit Quality: Evidence from Job Postings
嘉 賓：Wenfeng Wang (王文峰), Assistant Professor, City University of Hong Kong
主持人：張括 助理教授 上海交通大學安泰經濟與管理學院會計系
This study examines the effect of three auditor skills—cognitive, social, and technology-related skills—on audit quality. We measure auditor skills using a novel dataset that contains the near-universe of online job postings by accounting firms from 2007 to 2017. We first document that the demand for cognitive, social, and technology-related skills has increased significantly over our sample period, consistent with audit firms demanding expanded skill sets from their auditors. We also find substantial variation in the demand for skills not only across audit firms, but also across offices within an audit firm. Most importantly, we show that audit offices demanding more social skills tend to deliver higher quality audits, with this finding being primarily driven by the social skills of staff auditors. We further find the link between social skills and audit quality is stronger for large audit offices and complex clients. Taken together, our findings provide new insights on how auditor skills, an important dimension of auditor competencies, affect their output.
Prof. Wang joined the accounting department at City University of Hong Kong in 2016 after receiving his PhD training at University of Maryland, College Park. He received his bachelor degree from the Central University of Finance and Economic and his master degree in applied mathematics from University of Massachusetts, Amherst. His research interests focus on understanding how information, including mandatory information disclosure such as firm's annual reports and various voluntary information disclosure channels such as firms' conference call and media coverage, affects the market, and understanding how the audit market works. His work has been published in top academic journals such as the Accounting Review.