Non‐audit Service Fees and Audit Quality: The Impact of Auditor Specialization
提出非审计费用对审计质量的影响取决于审计师的行业专业化程度，发现从行业专家审计师处获取更多非审计服务时，审计质量（以持续经营意见、错过分析师预测倾向和盈余反应系数衡量）更高。
ABSTRACT We posit that the effect of non‐audit fees on audit quality is conditional on auditor industry specialization. Industry specialist auditors are more likely than nonspecialists to be concerned about reputation losses and litigation exposure, and to benefit from knowledge spillovers from the provision of non‐audit services. We find evidence that audit quality measured by increased propensity to issue going‐concern opinion, increased propensity to miss analysts' forecasts, as well as higher earnings‐response coefficients increases with the level of non‐audit services acquired from industry specialist auditors compared to nonspecialist auditors.