{"id":16730,"date":"2025-03-19T16:01:18","date_gmt":"2025-03-19T21:01:18","guid":{"rendered":"https:\/\/uwm.edu\/business\/?p=16730"},"modified":"2026-01-30T10:24:05","modified_gmt":"2026-01-30T16:24:05","slug":"how-do-auditors-react-to-being-inspected","status":"publish","type":"post","link":"https:\/\/uwm.edu\/business\/how-do-auditors-react-to-being-inspected\/","title":{"rendered":"How Do Auditors React to Being Inspected?"},"content":{"rendered":"\n<p>Auditors are used to examining financial statements, but what happens when the auditors themselves are audited? That\u2019s the focus of research by <strong>Dr. Amy Tegeler<\/strong>, assistant professor of accounting at the Lubar College of Business, along with her co-authors <strong>Dr. Veena Brown<\/strong>, associate professor at 51ÁÔÆæ, and Dr. Denise Downey. Their work, recently published in <em>The Accounting Review<\/em>, sheds light on how auditors perceive, react, and respond to regulatory inspections.<\/p>\n\n\n\n<div class=\"uwm-l-row uwm-l-row--0 uwm-l-row--multiline\">\n<div class=\"uwm-l-col\">\n<p><strong>The Watchdogs of Auditing<\/strong><br>Following the corporate scandals of the early 2000s, the Sarbanes-Oxley Act established the Public Company Accounting Oversight Board (PCAOB) to improve audit quality and protect investors. The PCAOB conducts annual inspections of large accounting firms, reviewing their audits of public companies. While these inspections are designed to enhance audit quality, they also create a unique challenge\u2014how do experienced auditors handle receiving feedback from regulators?<\/p>\n<\/div>\n\n\n\n<div class=\"uwm-l-col uwm-l-col--4 uwm-l-offset--1\">\n<figure class=\"alignleft uwm-c-img--left\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"350\" src=\"https:\/\/uwm.edu\/business\/wp-content\/uploads\/sites\/554\/2025\/03\/BrownVeena2024_3161-1.jpgweb-1.jpg\" alt=\"Veena Brown\" class=\"wp-image-16734\" srcset=\"https:\/\/uwm.edu\/business\/wp-content\/uploads\/sites\/554\/2025\/03\/BrownVeena2024_3161-1.jpgweb-1.jpg 300w, https:\/\/uwm.edu\/business\/wp-content\/uploads\/sites\/554\/2025\/03\/BrownVeena2024_3161-1.jpgweb-1-257x300.jpg 257w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption><strong>Veena Brown<\/strong>, Associate Professor, Accounting and Director of Accounting Programs<\/figcaption><\/figure>\n<\/div>\n<\/div>\n\n\n\n<p><strong>Why This Matters<\/strong><br>Most professionals receive feedback from a supervisor they know and trust. But PCAOB inspections are different. Auditors receive infrequent, unpredictable, and generally negative feedback from outside regulators they may not have a personal relationship with. Given auditors\u2019 prominent levels of expertise, they may be skeptical of the feedback or see it as an obstacle rather than an opportunity for improvement.<\/p>\n\n\n\n<p>Dr. Tegeler and her colleagues surveyed 120 experienced auditors from global public accounting firms, asking about their recent experiences. They explored auditors&#8217; perceptions of PCAOB inspectors, the feedback itself, and the reactions and changes auditors made as a result.<\/p>\n\n\n\n<p><strong>What the Research Found<\/strong><br>The study revealed wide-ranging perceptions, reactions, and responses to PCAOB inspections. Some auditors saw inspections as constructive and used feedback to improve future audits. Others, however, viewed the process as frustrating and engaged in impression management\u2014making changes to audits that would help them pass future inspections rather than actually improving audit quality.<\/p>\n\n\n\n<p>A key finding? The way auditors perceive the inspection process influences their response. If they view PCAOB inspectors and their message more positively (e.g. &nbsp;knowledgeable, open-minded, and well-reasoned), they are more likely to feel motivated to apply the feedback. Firms also play a critical role\u2014when auditors feel supported by their firms, they are more likely to embrace feedback and make meaningful improvements.<\/p>\n\n\n\n<p><strong>Making Inspections More Effective<\/strong><br>Despite the stress of the inspection process, auditors generally want to learn and improve. Regulators can leverage this motivation by focusing on clear, constructive feedback and ensuring the process feels fair and collaborative. For firms, fostering a culture that supports learning from inspections\u2014rather than just passing them\u2014can enhance both audit quality and job satisfaction.<\/p>\n\n\n\n<p>At a time when financial oversight is more important than ever, research like this provides valuable insights into how regulation can drive better outcomes\u2014not just for auditors, but for the entire financial system. This research is featured in <em>The Accounting Review<\/em>, \u201c<a href=\"https:\/\/publications.aaahq.org\/accounting-review\/article-abstract\/100\/1\/437\/13048\/Auditor-Perceptions-Reactions-and-Responses-to?redirectedFrom=fulltext\">Auditor Perceptions, Reactions, and Responses to PCAOB Inspection Feedback<\/a>,\u201d Amy Tegeler, Veena Brown, and Denise Downey 2025.<\/p>\n\n\n\n<hr class=\"has-alpha-channel-opacity\" \/>\n\n\n\n<figure class=\"uwm-c-table uwm-c-table--stripe\"><table><tbody><tr><td><em><strong>Research@Lubar<\/strong>&nbsp;Faculty scholarship in the Lubar College of Business spans the business fields and beyond through both theoretical and applied research that is published in leading journals.&nbsp; Here are some of our faculty\u2019s most recent publications:<\/em><\/td><\/tr><tr><td><strong><a href=\"https:\/\/publications.aaahq.org\/accounting-review\/article-abstract\/100\/1\/1\/12906\/The-Association-between-PCAOB-Revenue-Deficient?redirectedFrom=fulltext\">The Association Between PCAOB Revenue-Deficient Audit Engagements and Revenue Quality<\/a><\/strong><br><em>The Accounting Review<\/em><br>Authors:&nbsp;<a href=\"https:\/\/uwm.edu\/business\/people\/abbott-larry\/\"><strong>Lawrence J. Abbo<\/strong><\/a><strong><a href=\"https:\/\/uwm.edu\/business\/people\/abbott-larry\/\">tt<\/a>,&nbsp;<a href=\"https:\/\/uwm.edu\/business\/people\/boland-colleen-m\/\">Colleen M. Boland<\/a><\/strong>,&nbsp;<strong><a href=\"https:\/\/uwm.edu\/business\/people\/mccarthy-sean\/\">Sean M. McCarthy<\/a><\/strong>,<strong><a href=\"https:\/\/uwm.edu\/business\/people\/swenson-laura\/\">&nbsp;Laura A. Swenson<\/a><\/strong><\/td><\/tr><tr><td><strong><a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0929119924000907\">Litigation Risk and Information Effects on Private Sales of Securities<\/a><\/strong><br><em>Journal of Corporate Finance<\/em><br>Authors: Onur Bayar,&nbsp;<strong><a href=\"https:\/\/uwm.edu\/business\/people\/floros-ioannis-yianni\/\">Ioannis V. Floros<\/a>,<\/strong>&nbsp;Yini Liu and Juan Mao<\/td><\/tr><tr><td><strong><a href=\"https:\/\/journals.aom.org\/doi\/10.5465\/annals.2022.0069\">Shareholder Activism Research: A System-Level View<\/a><\/strong><br><em>Academy of Management Annals<\/em><br>Authors: Kevin Chuah, Mark DesJardine,&nbsp;<strong><a href=\"https:\/\/uwm.edu\/business\/people\/goranova-maria\/\">Maria Goranova<\/a><\/strong>, Witold Henisz<\/td><\/tr><tr><td><a href=\"https:\/\/journals.aom.org\/doi\/abs\/10.5465\/amr.2022.0479\"><strong>When the Principal is the Firm\u2019s Problem: Principal Costs and Their Corporate Governance Implications<\/strong><\/a><br><em>Academy of Management Review<\/em><br>Edward Zajac,&nbsp;<strong><a href=\"https:\/\/uwm.edu\/business\/people\/goranova-maria\/\">Maria Goranova<\/a><\/strong><\/td><\/tr><tr><td><strong><a href=\"https:\/\/uwm.edu\/business\/research\/recent-publications\/\">Click here<\/a><\/strong>&nbsp;to see more faculty research<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Auditors are used to examining financial statements, but what happens when the auditors themselves are audited? That\u2019s the focus of research by Dr. Amy Tegeler, assistant professor of accounting at the Lubar College of Business, along with her co-authors Dr. &hellip;<\/p>\n","protected":false},"author":3012,"featured_media":16732,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","uwm_wg_additional_authors":[]},"categories":[95,39,62,22],"tags":[],"class_list":["post-16730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-impactful-research","category-news","category-research","category-spotlight"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lubar College of Business<\/title>\n<meta name=\"description\" content=\"In the world of finance, companies are constantly faced with decisions that involve balancing risk, competition, and growth. 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