Audit firm tenure and independence: A comprehensive investigation of audit qualifications in Spain

The European Commission's Green Paper on Audit Policy has raised serious concerns about external auditor independence and also encouraged further research about the implications of long audit firm tenures. We examine the effects of audit firm tenure on independence, while measuring independence...

Descripción completa

Detalles Bibliográficos
Autores: García Blandón, Josep, Argilés Bosch, Josep M.
Tipo de recurso: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2015
País:España
Institución: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:2445/108164
Acceso en línea:https://hdl.handle.net/2445/108164
Access Level:acceso abierto
Palabra clave:Auditoria
Empreses auditores
Legislació
Anàlisi de regressió
Auditing
Accounting firms
Legislation
Regression analysis
id ES_e40dfbf7ed045e0ae4fd68b0a58134e8
oai_identifier_str oai:recercat.cat:2445/108164
network_acronym_str ES
network_name_str España
repository_id_str
spelling Audit firm tenure and independence: A comprehensive investigation of audit qualifications in SpainGarcía Blandón, JosepArgilés Bosch, Josep M.AuditoriaEmpreses auditoresLegislacióAnàlisi de regressióAuditingAccounting firmsLegislationRegression analysisThe European Commission's Green Paper on Audit Policy has raised serious concerns about external auditor independence and also encouraged further research about the implications of long audit firm tenures. We examine the effects of audit firm tenure on independence, while measuring independence using the audit report opinion with a sample of Spanish public companies for the period 2002-2009. Generally, prior research has limited to the examination of modified going-concern opinions to financially distressed firms. This approach limits the generalization of results as well as the ability to address the traditional auditor role in the classical corporate governance scheme. To address these issues, we propose a multinomial approach which not only includes all types of audit qualifications in the analysis, but also considers the implications of going-concern opinions for the auditor-client relationship. Our results show that auditors seem willing to sacrifice independence in lengthy engagements, but only for non-going-concern modified opinions. This finding is robust to various proxies of accounting quality.Elsevier2017201820152017info:eu-repo/semantics/articleinfo:eu-repo/semantics/acceptedVersion12 p.application/pdfhttps://hdl.handle.net/2445/108164Articles 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.intaccaudtax.2015.02.001Journal of International Accounting Auditing and taxation, 2015, vol. 24, num. 1, p. 82-93https://doi.org/10.1016/j.intaccaudtax.2015.02.001cc-by-nc-nd (c) Elsevier, 2015http://creativecommons.org/licenses/by-nc-nd/3.0/esinfo:eu-repo/semantics/openAccessoai:recercat.cat:2445/1081642026-05-29T05:05:01Z
dc.title.none.fl_str_mv Audit firm tenure and independence: A comprehensive investigation of audit qualifications in Spain
title Audit firm tenure and independence: A comprehensive investigation of audit qualifications in Spain
spellingShingle Audit firm tenure and independence: A comprehensive investigation of audit qualifications in Spain
García Blandón, Josep
Auditoria
Empreses auditores
Legislació
Anàlisi de regressió
Auditing
Accounting firms
Legislation
Regression analysis
title_short Audit firm tenure and independence: A comprehensive investigation of audit qualifications in Spain
title_full Audit firm tenure and independence: A comprehensive investigation of audit qualifications in Spain
title_fullStr Audit firm tenure and independence: A comprehensive investigation of audit qualifications in Spain
title_full_unstemmed Audit firm tenure and independence: A comprehensive investigation of audit qualifications in Spain
title_sort Audit firm tenure and independence: A comprehensive investigation of audit qualifications in Spain
dc.creator.none.fl_str_mv García Blandón, Josep
Argilés Bosch, Josep M.
author García Blandón, Josep
author_facet García Blandón, Josep
Argilés Bosch, Josep M.
author_role author
author2 Argilés Bosch, Josep M.
author2_role author
dc.subject.none.fl_str_mv Auditoria
Empreses auditores
Legislació
Anàlisi de regressió
Auditing
Accounting firms
Legislation
Regression analysis
topic Auditoria
Empreses auditores
Legislació
Anàlisi de regressió
Auditing
Accounting firms
Legislation
Regression analysis
description The European Commission's Green Paper on Audit Policy has raised serious concerns about external auditor independence and also encouraged further research about the implications of long audit firm tenures. We examine the effects of audit firm tenure on independence, while measuring independence using the audit report opinion with a sample of Spanish public companies for the period 2002-2009. Generally, prior research has limited to the examination of modified going-concern opinions to financially distressed firms. This approach limits the generalization of results as well as the ability to address the traditional auditor role in the classical corporate governance scheme. To address these issues, we propose a multinomial approach which not only includes all types of audit qualifications in the analysis, but also considers the implications of going-concern opinions for the auditor-client relationship. Our results show that auditors seem willing to sacrifice independence in lengthy engagements, but only for non-going-concern modified opinions. This finding is robust to various proxies of accounting quality.
publishDate 2015
dc.date.none.fl_str_mv 2015
2017
2017
2018
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/2445/108164
url https://hdl.handle.net/2445/108164
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.intaccaudtax.2015.02.001
Journal of International Accounting Auditing and taxation, 2015, vol. 24, num. 1, p. 82-93
https://doi.org/10.1016/j.intaccaudtax.2015.02.001
dc.rights.none.fl_str_mv cc-by-nc-nd (c) Elsevier, 2015
http://creativecommons.org/licenses/by-nc-nd/3.0/es
info:eu-repo/semantics/openAccess
rights_invalid_str_mv cc-by-nc-nd (c) Elsevier, 2015
http://creativecommons.org/licenses/by-nc-nd/3.0/es
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 12 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_ 1869422557407477760
score 15,811543

Similares en LA Referencia