volume 34, issue 5, P518-548 2019
DOI: 10.1108/maj-08-2018-1986
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Limei Che, Tobias Svanström

Abstract: The purpose of this descriptive paper is to describe, illustrate, and provide a deeper understanding of team composition and labour allocation in audit teams by quantifying the exact value of resources at different levels of the audit production. Audit teams have been considered as a black box in audit research. Therefore, we report descriptive statistics on (levels and proportions of) hours and costs allocated to auditor ranks (and the number and value, i.e., billing rates, of auditors for different ranks and…

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