Auditor industry specialization disclosure

The auditors´ industry specialization has been demonstrated to be an important factor that impacts audit quality by the theoretic and practical circle. So the industry specialization information should be included in audit information. For the audit information demanders, they pay close attention to audit reports as well as the auditors´ industry specialization. First, we analyze the necessity of information disclosure of auditor industry specialization using information asymmetry theory. Then through analyzing the inherent levels of industry specialization, we propose the levels of information demand as well as the levels of information disclosure, and further explore how to regulate the disclosure of auditors´ industry specialization in the laws and the standards aspects.