Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Eliminating seasonality could be a quantum leap for audit quality

Robert Conway | January 30, 2018

A Trinity University study published in December 2014 notes that during the busy season, auditors at the Big Four auditing firms work (on average) 20 hours per week above the threshold at which they believe audit quality begins to deteriorate. The study goes on to say, “We find that auditors perceive workload fatigue as having the largest negative impact on morale … [with] understaffing and staff turnover being two of the biggest impediments to delivering a high-quality audit … Our findings provide support for the PCAOB’s concern that excessive workloads could be a “root cause” of audit deficiencies … ”

The heavy workloads have a ripple effect on the public accounting business model. Heavy workloads cause high turnover that drives down staff experience levels. Compounding matters, the Big Four business model for...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.