Audit firms vary with respect to the quality of services they provide to their clients. One differentiation strategy is related to providing services to clients that are based on in-depth industry knowledge. Industry specialization helps audit firms increase the demand for audit and non-audit services, improves audit efficiency through economies of scale, creates barriers to entry by requiring new entrants to invest significant resources in relevant industries, and affects client-relevant audit outcomes like audit fees and financial reporting quality. This review attempts to evaluate critically the archival research on the effect of audit firm industry specialization on client-relevant audit outcomes. Some suggestions for future research are offered.
Alavi Tabari, S. H., & Arefmanesh, Z. (2014). Audit Firm Industry Specialization and Audit Outcomes. Journal of Accounting and Social Interests, 4(1), 21-45. doi: 10.22051/ijar.2014.494
MLA
Seyed Hossein Alavi Tabari; Zohreh Arefmanesh. "Audit Firm Industry Specialization and Audit Outcomes", Journal of Accounting and Social Interests, 4, 1, 2014, 21-45. doi: 10.22051/ijar.2014.494
HARVARD
Alavi Tabari, S. H., Arefmanesh, Z. (2014). 'Audit Firm Industry Specialization and Audit Outcomes', Journal of Accounting and Social Interests, 4(1), pp. 21-45. doi: 10.22051/ijar.2014.494
VANCOUVER
Alavi Tabari, S. H., Arefmanesh, Z. Audit Firm Industry Specialization and Audit Outcomes. Journal of Accounting and Social Interests, 2014; 4(1): 21-45. doi: 10.22051/ijar.2014.494
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