Increased auditor independence by external rotation and separating audit and non audit duties? A note on the European audit regulation
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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Increased auditor independence by external rotation and separating audit and non audit duties? A note on the European audit regulation. / Velte, Patrick; Eulerich, Marc.
in: Journal of Governance and Regulation, Jahrgang 3, Nr. 2, 01.01.2014, S. 53-62.Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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TY - JOUR
T1 - Increased auditor independence by external rotation and separating audit and non audit duties?
T2 - A note on the European audit regulation
AU - Velte, Patrick
AU - Eulerich, Marc
PY - 2014/1/1
Y1 - 2014/1/1
N2 - The European audit reform contains the implementation of an external mandatory auditor rotation (audit firm rotation) and a separation of audit and non audit duties to increase auditor independence. The central question is, whether these regulation measures are connected with an increased accounting and audit quality. First, this article presents an agency theoretical foundation of auditor independence. Then, a state of the art analysis of empirical research illustrates these ambivalent results, so that the economic need for the audit market regulation in Europe is controversial.
AB - The European audit reform contains the implementation of an external mandatory auditor rotation (audit firm rotation) and a separation of audit and non audit duties to increase auditor independence. The central question is, whether these regulation measures are connected with an increased accounting and audit quality. First, this article presents an agency theoretical foundation of auditor independence. Then, a state of the art analysis of empirical research illustrates these ambivalent results, so that the economic need for the audit market regulation in Europe is controversial.
KW - Management studies
KW - Low Balling
KW - Audit Quality
KW - Empirical Audit Research
KW - Auditor Independence
KW - RotaTion
UR - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2521021
U2 - 10.22495/jgr_v3_i2_p5
DO - 10.22495/jgr_v3_i2_p5
M3 - Journal articles
VL - 3
SP - 53
EP - 62
JO - Journal of Governance and Regulation
JF - Journal of Governance and Regulation
SN - 2220-9352
IS - 2
ER -