AHDIT PROFESSIONALS Availability Competence Focus 1. Staffing Leverage 2. Partner Workload 3. Manager and Staff Workload 4. Technical Accounting and Auditing Resources 5. Persons with Specialized Skill and Knowledge 6. Experience of Audit Personnel I. Industry Expertise of Audit Personnel 3. Turnover of Audit Personnel 9. Amount of Audit Work Centralized at Service Centers 16. Training Hours per Audit Professional 11. Audit Hours and Risk Areas 12. Allocation of Audit Hours to Phases of the Audit AUDIT PROCESS Tone at the Top and Leadership Incentives 13. Results of Independent Survey of Firm Personnel 14. Quality Ratings and Compensation 15. Audit Fees, Effort, and Client Risk AHDIT RESULTS Incentives Independence Infrastructure Monitoring and Remediation Financial Statements Internal Control Going Concern 14. Quality Ratings and Compensation 15. Audit Fees, Effort, and Client Risk 15. Compliance with Independence Requirements 17. Investment in Infrastructure Supporting Duality Auditing 13. Audit Firms' Internal Quality Review Results 19. PCADB Inspection Results 26. Technical Competency Testing 21. Frequency and Impact of Financial Statement Restatements for Errors 22. Fraud and other Financial Reporting Misconduct 23. Inferring Audit Duality from Measures of Financial Reporting Quality 24. Timely Reporting of Internal Control Weaknesses 25. Timely Reporting of Going Concern Issues Communications between Auditors and Audit Committee 26. Results of Independent Surveys of Audit Committee Members Enforcement and Litigation 27. Trends in PCADB and SEC Enforcement Proceedings 23. Trends in Private Litigation