This paper examines the possible effects of corporate governance (GC) on audit quality (AQ) among the FTSE 350 companies. Using a sample of 180 companies from 2012 to 2017 (i.e. 1080 firm-year observations) a binary logistic model has been employed to investigate the CG-AQ nexus. This analysis was supported by conducting a probit logistic model as a sensitivity analysis. Our findings are associative of a heterogeneous impact of CG on AQ post the implementation of the 2012 CG reforms in the UK. For example, although institutional ownership and management ownership can predict AQ, board independence, non-executive directors and audit committee are not attributed to AQ in the UK. This implies that corporate compliance with good CG practices has a limited impact on the decision to select a Big4 auditor in the UK. Despite the limitations of our study, we hope it can motivate further investigations in this area.

中文翻译：

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公司治理合规性是否对审计师的选择和质量有影响？富时350的证据

本文研究了富时350公司中公司治理（GC）对审计质量（AQ）的可能影响。利用2012年至2017年间180家公司的样本（即1080家公司的年度观察），采用了二元逻辑模型来研究CG-AQ关系。通过进行概率逻辑模型作为敏感性分析来支持此分析。我们的发现与2012年英国实施CG改革后CG对AQ的异类影响相关。例如，尽管机构所有权和管理层所有权可以预测AQ，但在英国，董事会独立性，非执行董事和审计委员会并未归因于AQ。这意味着公司遵守良好的CG惯例对在英国选择Big4审计师的决定影响有限。尽管我们的研究存在局限性，