2026年7月9日学术报告通知

【讲座时间】2026年7月9日  14:00

【讲座地点】会计学院106室

【讲座主题】Reputation, Consulting, and Audit Quality:Evidence from Local Audit Failures

【嘉宾介绍】姜雪峰，美国密歇根州立大学

美国密歇根州立大学Eli Broad讲席教授、会计与信息系统全职教授、金融学兼任教授、法学院客座研究员。主要研究方向为信息与监管机制对金融市场、医疗体系主体行为及经济结果的影响，聚焦制度环境、市场主体在信息披露、行业监管与政策落地下的决策规律。在FT50顶级商学期刊发表论文16篇、UTD24顶尖经管期刊刊发10篇，谷歌学术总引用超5900次；研究成果陆续刊发于JAMA、Radiology等国际顶尖医学期刊。现任国际顶刊The Accounting Review、Management Science副主编。

【内容提要】

 We examine why audit firms succeed in consulting markets and what this implies for audit quality. We argue that the audit practice serves as a reputation platform for consulting: audit reputation is verifiable through regulatory oversight and litigation exposure, while consulting reputation is not, allowing consulting units to draw on the audit franchise for client credibility. Using job postings across 603 U.S. audit offices from 2011 to 2023, we find that severe client restatements raise audit hiring but reduce tax and consulting hiring. In a stacked difference-in-differences design, tax and consulting postings fall by 9 to 12 percent relative to never-treated offices, with larger declines following more severe restatements, in offices with smaller consulting units, and no decline for Deloitte. Realized employee flows show the same contraction. Our findings identify a reputational channel through which joint provision raises the cost of audit failures and strengthens incentives to maintain audit quality, implying that broad consulting restrictions risk severing it.