An Assessment of mandatory audit firm rotation and limitation of non-audit services imposed by the Regulation (EU) No 537/2014: Evidence from Spain

On May 27, 2014, Regulation (EU) No 537/2014 was published in the Official Journal of the European Union. Aiming to enhance audit quality, the new regulation establishes, among other measures, a maximum tenure of ten years with the audit firm and important limitations to the provision of non-audit s...

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Detalhes bibliográficos
Autores: Garcia-Blandon, Josep, Argilés-Bosch, J.M., Martinez-Blasco, Monica, Castillo-Merino, David
Formato: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2017
País:España
Recursos:Universitat Ramon Llull (URL)
Repositorio:DAU Arxiu Digital de la Universitat Ramon Llull
OAI Identifier:oai:dau.url.edu:20.500.14342/1046
Acesso em linha:http://hdl.handle.net/20.500.14342/1046
https://doi.org/10.1016/j.intacc.2017.07.003
Access Level:acceso abierto
Palavra-chave:Auditoria
Empreses auditores
Legislació
65
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spelling An Assessment of mandatory audit firm rotation and limitation of non-audit services imposed by the Regulation (EU) No 537/2014: Evidence from SpainGarcia-Blandon, JosepArgilés-Bosch, J.M.Martinez-Blasco, MonicaCastillo-Merino, DavidAuditoriaEmpreses auditoresLegislació65On May 27, 2014, Regulation (EU) No 537/2014 was published in the Official Journal of the European Union. Aiming to enhance audit quality, the new regulation establishes, among other measures, a maximum tenure of ten years with the audit firm and important limitations to the provision of non-audit services to audit clients by the audit firm. However, it should be noted that the extant research does not unambiguously support that long audit firm tenures or non-audit services impair the quality of audits. This research studies whether these provisions have been empirically associated with reduced audit quality for Spain. Because of its low litigation risk, the potentially negative impact of tenure and non-audit services on audit quality should be clearly observed in the Spanish audit market. Nevertheless, we do not report significantly lower levels of audit quality associated with either long tenures or non-audit services. Our results may have some interesting policy implication as they seem to put into question the necessity of such a regulation for the audit sector.ElsevierUniversitat Ramon Llull. IQS20202023202020232017info:eu-repo/semantics/articleinfo:eu-repo/semantics/acceptedVersion28 p.application/pdfhttp://hdl.handle.net/20.500.14342/1046https://doi.org/10.1016/j.intacc.2017.07.003RECERCAT (Dipòsit de la Recerca de Catalunya)reponame:DAU Arxiu Digital de la Universitat Ramon Llullinstname:Universitat Ramon Llull (URL)InglésInternational Journal of Accounting (2017) vol. 52, num. 3, p. 251-261© University of Illinois. Tots els drets reservatsinfo:eu-repo/semantics/openAccessoai:dau.url.edu:20.500.14342/10462026-06-21T06:40:37Z
dc.title.none.fl_str_mv An Assessment of mandatory audit firm rotation and limitation of non-audit services imposed by the Regulation (EU) No 537/2014: Evidence from Spain
title An Assessment of mandatory audit firm rotation and limitation of non-audit services imposed by the Regulation (EU) No 537/2014: Evidence from Spain
spellingShingle An Assessment of mandatory audit firm rotation and limitation of non-audit services imposed by the Regulation (EU) No 537/2014: Evidence from Spain
Garcia-Blandon, Josep
Auditoria
Empreses auditores
Legislació
65
title_short An Assessment of mandatory audit firm rotation and limitation of non-audit services imposed by the Regulation (EU) No 537/2014: Evidence from Spain
title_full An Assessment of mandatory audit firm rotation and limitation of non-audit services imposed by the Regulation (EU) No 537/2014: Evidence from Spain
title_fullStr An Assessment of mandatory audit firm rotation and limitation of non-audit services imposed by the Regulation (EU) No 537/2014: Evidence from Spain
title_full_unstemmed An Assessment of mandatory audit firm rotation and limitation of non-audit services imposed by the Regulation (EU) No 537/2014: Evidence from Spain
title_sort An Assessment of mandatory audit firm rotation and limitation of non-audit services imposed by the Regulation (EU) No 537/2014: Evidence from Spain
dc.creator.none.fl_str_mv Garcia-Blandon, Josep
Argilés-Bosch, J.M.
Martinez-Blasco, Monica
Castillo-Merino, David
author Garcia-Blandon, Josep
author_facet Garcia-Blandon, Josep
Argilés-Bosch, J.M.
Martinez-Blasco, Monica
Castillo-Merino, David
author_role author
author2 Argilés-Bosch, J.M.
Martinez-Blasco, Monica
Castillo-Merino, David
author2_role author
author
author
dc.contributor.none.fl_str_mv Universitat Ramon Llull. IQS
dc.subject.none.fl_str_mv Auditoria
Empreses auditores
Legislació
65
topic Auditoria
Empreses auditores
Legislació
65
description On May 27, 2014, Regulation (EU) No 537/2014 was published in the Official Journal of the European Union. Aiming to enhance audit quality, the new regulation establishes, among other measures, a maximum tenure of ten years with the audit firm and important limitations to the provision of non-audit services to audit clients by the audit firm. However, it should be noted that the extant research does not unambiguously support that long audit firm tenures or non-audit services impair the quality of audits. This research studies whether these provisions have been empirically associated with reduced audit quality for Spain. Because of its low litigation risk, the potentially negative impact of tenure and non-audit services on audit quality should be clearly observed in the Spanish audit market. Nevertheless, we do not report significantly lower levels of audit quality associated with either long tenures or non-audit services. Our results may have some interesting policy implication as they seem to put into question the necessity of such a regulation for the audit sector.
publishDate 2017
dc.date.none.fl_str_mv 2017
2020
2020
2023
2023
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/acceptedVersion
format article
status_str acceptedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/20.500.14342/1046
https://doi.org/10.1016/j.intacc.2017.07.003
url http://hdl.handle.net/20.500.14342/1046
https://doi.org/10.1016/j.intacc.2017.07.003
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv International Journal of Accounting (2017) vol. 52, num. 3, p. 251-261
dc.rights.none.fl_str_mv © University of Illinois. Tots els drets reservats
info:eu-repo/semantics/openAccess
rights_invalid_str_mv © University of Illinois. Tots els drets reservats
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 28 p.
application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv RECERCAT (Dipòsit de la Recerca de Catalunya)
reponame:DAU Arxiu Digital de la Universitat Ramon Llull
instname:Universitat Ramon Llull (URL)
instname_str Universitat Ramon Llull (URL)
reponame_str DAU Arxiu Digital de la Universitat Ramon Llull
collection DAU Arxiu Digital de la Universitat Ramon Llull
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,301603

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