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 important limitations to the selling of non-audit services by the audit firm to audit clients and a maximum tenure of ten years wi...

ver descrição completa

Detalhes bibliográficos
Autores: García Blandón, Josep, Argilés Bosch, Josep M., Martínez Blasco, Mònica, Castillo Merino, David
Formato: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2017
País:España
Recursos:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repositorio:Recercat. Dipósit de la Recerca de Catalunya
OAI Identifier:oai:recercat.cat:2445/120689
Acesso em linha:https://hdl.handle.net/2445/120689
Access Level:acceso abierto
Palavra-chave:Auditoria
Empreses auditores
Legislació
Auditing
Accounting firms
Legislation
id ES_5585596aefa3d4be0ee32caa376aa922
oai_identifier_str oai:recercat.cat:2445/120689
network_acronym_str ES
network_name_str España
repository_id_str
spelling An assessment of mandatory audit firm rotation and limitation of non-audit services imposed by the Regulation (EU) No 537/2014: Evidence from SpainGarcía Blandón, JosepArgilés Bosch, Josep M.Martínez Blasco, MònicaCastillo Merino, DavidAuditoriaEmpreses auditoresLegislacióAuditingAccounting firmsLegislationOn 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 important limitations to the selling of non-audit services by the audit firm to audit clients and a maximum tenure of ten years with the audit firm. However, it should be noted that the extant research has not consistently supported that non-audit services or long tenures 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 both non-audit services and tenure on audit quality should be clearly observed in the Spanish audit market. Nevertheless, we do not find significantly lower levels of audit quality associated with either non-audit services or long audit tenures. However, these results are conditional on the validity of using abnormal accruals to measure audit quality.Elsevier2018201920172018info:eu-repo/semantics/articleinfo:eu-repo/semantics/acceptedVersion11 p.application/pdfhttps://hdl.handle.net/2445/120689Articles publicats en revistes (Empresa)reponame:Recercat. Dipósit de la Recerca de Catalunyainstname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)InglésVersió postprint del document publicat a: https://doi.org/10.1016/j.intacc.2017.07.003International Journal of Accounting, 2017, vol. 52, num. 3, p. 251-261https://doi.org/10.1016/j.intacc.2017.07.003(c) University of Illinois, 2017info:eu-repo/semantics/openAccessoai:recercat.cat:2445/1206892026-05-29T05:05:01Z
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
García Blandón, Josep
Auditoria
Empreses auditores
Legislació
Auditing
Accounting firms
Legislation
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 García Blandón, Josep
Argilés Bosch, Josep M.
Martínez Blasco, Mònica
Castillo Merino, David
author García Blandón, Josep
author_facet García Blandón, Josep
Argilés Bosch, Josep M.
Martínez Blasco, Mònica
Castillo Merino, David
author_role author
author2 Argilés Bosch, Josep M.
Martínez Blasco, Mònica
Castillo Merino, David
author2_role author
author
author
dc.subject.none.fl_str_mv Auditoria
Empreses auditores
Legislació
Auditing
Accounting firms
Legislation
topic Auditoria
Empreses auditores
Legislació
Auditing
Accounting firms
Legislation
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 important limitations to the selling of non-audit services by the audit firm to audit clients and a maximum tenure of ten years with the audit firm. However, it should be noted that the extant research has not consistently supported that non-audit services or long tenures 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 both non-audit services and tenure on audit quality should be clearly observed in the Spanish audit market. Nevertheless, we do not find significantly lower levels of audit quality associated with either non-audit services or long audit tenures. However, these results are conditional on the validity of using abnormal accruals to measure audit quality.
publishDate 2017
dc.date.none.fl_str_mv 2017
2018
2018
2019
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 https://hdl.handle.net/2445/120689
url https://hdl.handle.net/2445/120689
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Versió postprint del document publicat a: https://doi.org/10.1016/j.intacc.2017.07.003
International Journal of Accounting, 2017, vol. 52, num. 3, p. 251-261
https://doi.org/10.1016/j.intacc.2017.07.003
dc.rights.none.fl_str_mv (c) University of Illinois, 2017
info:eu-repo/semantics/openAccess
rights_invalid_str_mv (c) University of Illinois, 2017
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 11 p.
application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv Articles publicats en revistes (Empresa)
reponame:Recercat. Dipósit de la Recerca de Catalunya
instname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
instname_str Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
reponame_str Recercat. Dipósit de la Recerca de Catalunya
collection Recercat. Dipósit de la Recerca de Catalunya
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1869408294587596800
score 15,812429

Registos relacionados