Did the PCAOB's 2009 Office Expansion Improve Audit Quality?
研究美国公众公司会计监督委员会（PCAOB）2009年增加检查办事处数量和地点的决策是否提高了美国审计的可靠性，发现新开办事处市场的审计质量显著提升，且对三年一审的审计师影响最大。
ABSTRACT We investigate whether the PCAOB's decision to expand the number and location of its inspection offices in 2009 improved the reliability of US audits. We use a difference‐in‐differences empirical design to consider the impacts of the expansion on audit quality and find that audit quality significantly improved following the PCAOB's expansion in markets where new offices opened relative to markets without an office opening. We find that the improvement in audit quality appears to be driven by auditors' reaction to real changes in PCAOB oversight and that triennially inspected auditors appear to be impacted the most by this office expansion. Our findings provide new insights into the PCAOB's operational decision‐making and suggest that the regulator's additional investment in audit oversight was effective in improving audit quality.