The Impact of Benefit Plan Audits on the Financial Statement Audit
研究了福利计划审计（一种与审计相关的非审计服务）对财务报表审计的影响，发现进行福利计划审计的公司更可能被选为未来的财务报表审计师，且同时聘请同一家事务所进行两种审计的公司出现错报的可能性更低、审计报告滞后更短。
SYNOPSIS Benefit plan audits, a material but less understood public accounting service, represent a nonaudit service that is “audit related.” We explore the implications of benefit plan audits for the financial statement audit and find that performing a benefit plan audit for a company significantly increases the likelihood that the firm will be selected as a company’s financial statement auditor in the future, particularly for smaller audit firms. Further, we find that companies that engage the same audit firm for both their benefit plan and financial statement audits have a significantly lower likelihood of misstatements and shorter audit report lags. Finally, we find evidence consistent with the joint provision of these services creating greater bonding and higher switching costs for the financial statement audit. Our findings speak to the continued debate over effective market expansion of financial statement audit providers, audit quality determinants, and audit efficiencies. JEL Classifications: M4; M40; M41; M42; M49.