What question did this study set out to answer?

This study aims to explore the relationship between competition for governmental audits and the quality of the audits produced.

June 15, 2026Auditing A Journal of Practice & Theory

The Impact of Competition on the Quality of Governmental Audits.

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This study aims to explore the relationship between competition for governmental audits and the quality of the audits produced.
Empirical analysis based on audit bids received for federal financial assistance engagements.
Audit quality assessed by government officials reviewing CPA work.
Model of demand for audit quality developed to analyze relationships.
Entities with more bids for audits were significantly more likely to receive acceptable quality audits.
Increased competition negatively affected the level of audit fees.
Findings support the idea that greater competition enhances audit quality.

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Implication

Randomized trial examines how competition affects audit quality in entities receiving federal assistance, indicating increased competition leads to better audits.

Cite This Study

Copley et al. (1993) studied this question.

synapsesocial.com/papers/6a2f96eca1cfeec4908281ef https://doi.org/10.2308/ajpt-9703122202

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Implication

Randomized trial examines how competition affects audit quality in entities receiving federal assistance, indicating increased competition leads to better audits.

The Impact of Competition on the Quality of Governmental Audits.

Key Points

Discussion

Implication

Cite This Study

The Impact of Competition on the Quality of Governmental Audits.

Key Points

Discussion

Implication

Cite This Study

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