Many companies present their selected auditor to shareholders for ratification. In this study, we use auditor ratification voting results to examine whether shareholders view the type of auditor and the timing of the engagement as indicative of audit quality. The auditor ratification literature has yet to explicitly examine these research questions. Our study is unique in that we focus on the auditor switch setting and test how shareholders view a newly hired auditor. We find that shareholders are less likely to approve a non-Big N auditor than a Big N auditor. We also document that shareholders view late auditor engagements (i.e., during or after the fourth quarter) more negatively, consistent with the argument that late appointment of new auditors should be viewed with caution. The timing effect is particularly acute for non-Big N firms; however, shareholders do not seem to mind late engagements of Big N auditors.

中文翻译：

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股东对审计师类型和审计师聘用时间的看法：来自审计师批准的证据

许多公司将选定的审计师提交给股东批准。在本研究中，我们使用审计师批准投票结果来检查股东是否将审计师的类型和聘用时间视为审计质量的指标。审计员批准文献尚未明确审查这些研究问题。我们的研究的独特之处在于，我们专注于审计师更换设置并测试股东如何看待新聘用的审计师。我们发现股东批准非 Big N 审计师的可能性低于批准 Big N 审计师的可能性。我们还记录了股东对迟到的审计师聘用（即第四季度期间或之后）的看法更为消极，这与应谨慎看待迟到的新审计师任命的论点是一致的。对于非 N 大公司来说，时机效应尤其严重；然而，