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UID:20251030T224427EDT-1145e8L2il@132.216.98.100
DTSTAMP:20251031T024427Z
DESCRIPTION:Navigating Auditor Turnover: Early Promotion and Retention in t
 he Audit Profession\n\nPresented by Rebecca Hann\n\nAssociate Dean of Rese
 arch and Doctoral Programs\n	Dean’s Professor of Accounting\n	Robert H. Smit
 h School of Business\, University of Maryland\n\nDate: Friday\, October 31
 \, 2025\n	Time: 10:30 AM – 12:00 pm\n	Location: Bronfman Building\, Room 045
 \n\nAll are cordially invited to attend.\n\n\nAbstract: \n\nThis study exa
 mines whether early promotion is related to enhanced retention or accelera
 ted exits in the audit labor market\, especially during periods of heighte
 ned turnover. Using detailed employment data\, we track cohorts of junior 
 auditors who began their careers at the top 25 public accounting firms fro
 m 2016 to 2020. We document that roughly 50% of each cohort had left their
  firm by the end of their third year\, highlighting the substantial turnov
 er challenge facing audit firms. Cox hazard models reveal that female audi
 tors\, those with accounting degrees from target universities\, and those 
 starting at Big 4 firms experience lower exit risk. With respect to promot
 ion timing\, early promotions are linked to lower overall exit rates\, whi
 le regular promotions show dynamic retention patterns—an initial reduction
  in exit risk that diminishes over time and reverses by the third quarter 
 after promotion. Cause-specific hazard analyses show that early promotion 
 is persistently associated with lower exit risk to other public accounting
  firms\, whereas regular promotion shows no reduction in such exits and co
 rresponds with earlier transitions into corporate accounting roles. We fur
 ther find that during the Great Resignation (GR)—a period of elevated volu
 ntary turnover—audit firms substantially accelerated promotions. Overall\,
  drawing on large-sample evidence\, we document distinct exit dynamics for
  early versus regular promotions and highlight how firms adjust this pract
 ice in response to turnover pressures\, despite the risk of employee poach
 ing.\n
DTSTART:20251031T143000Z
DTEND:20251031T160000Z
LOCATION:Room 045\, Bronfman Building\, CA\, QC\, Montreal\, H3A 1G5\, 1001
  rue Sherbrooke Ouest
SUMMARY:Workshop Series: Accounting Area Speaker Prof. Rebecca Hann
URL:/bensadoun-school/channels/event/workshop-series-a
 ccounting-area-speaker-prof-rebecca-hann-368519
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