Increased auditor independence by external rotation and separating audit and non audit duties? A note on the European audit regulation

Research output: Journal contributionsJournal articlesResearchpeer-review

Authors

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.
Original languageEnglish
JournalJournal of Governance and Regulation
Volume3
Issue number2
Pages (from-to)53-62
Number of pages10
DOIs
Publication statusPublished - 01.01.2014

    Research areas

  • Management studies - Low Balling, Audit Quality, Empirical Audit Research, Auditor Independence, RotaTion

DOI

Recently viewed

Publications

  1. Relationships between language-related variations in text tasks, reading comprehension, and students’ motivation and emotions: A systematic review
  2. An empirically grounded ontology for analyzing IT-based interventions in business ecosystems
  3. Linked Accomplishment Of Order Management And Production Planning And Control. An Integrated Model-based Approach
  4. A simple control strategy for increasing the soft bending actuator performance by using a pressure boost
  5. Influence of Equal-Channel Angular Pressing on the Microstructure and Texture of Mg-Zn-Y-Zr-RE Alloy Sheets
  6. Development and application of a laboratory flux measurement system (LFMS) for the investigation of the kinetics of mercury emissions from soils
  7. Lessons from modeling 100% renewable scenarios using GENeSYS-MOD
  8. A Geometric Approach by Using Switching and Flatness Based Control in Electromechanical Actuators for Linear Motion
  9. Finite element based determination and optimization of seam weld positions in porthole die extrusion of double hollow profile with asymmetric cross section
  10. Using density surface models to assess the ecological effectiveness of a protected area network in Tanzania
  11. Modeling Interactions and Dependencies in Production Planning and Control
  12. Adaptive wavelet methods for saddle point problems
  13. From temporal myopia to foresight: Bridging the near and the distant future through temporal work
  14. Connected Text Reading and Differences in Text Reading Fluency in Adult Readers
  15. From Enterprise Architecture to Business Ecosystem Architecture
  16. Daily breath-based mindfulness exercises in a randomized controlled trial improve primary school children’s performance in arithmetic
  17. Advisory systems in pluralistic knowledge societies:
  18. Deeper Insights into Different Consumer Perceptions of CSR Communication
  19. Junior High School Students’ Length Estimation Skills and Use of Strategies for Making Estimations
  20. Two Readings of Bentham's Theory of Meaning as Applied to Moral and Political Discourse
  21. Introduction to Automatic Imitation
  22. Identifying core habitat before it's too late
  23. Creating Value from in-Vehicle Data
  24. Assessing the structure of UK environmental concern and its association with pro-environmental behaviour
  25. Towards Ecosystems for Responsible AI
  26. Second-Order Sliding Mode Control with State and Disturbance Estimation for a Permanent Magnet Linear Motor
  27. To use or not to use learning data
  28. Nitrate Pollution of Groundwater Long Exceeding Trigger Value
  29. Competence-Oriented Teaching
  30. How do distinct facets of tree diversity and community assembly respond to environmental variables in the subtropical Atlantic Forest?
  31. BBS futur 2.0
  32. A Multilab Replication of the Ego Depletion Effect
  33. The geometry of habitat fragmentation
  34. Early semantic activation in picture processing
  35. Current Trends in Environmental Cost Accounting - and its Interaction with Eco-Efficiency Performance Measurement and Indicators
  36. On "Sourcery," or Code as Fetish
  37. Precision Denoising in Medical Imaging via Generative Adversarial Network-Aided Low-Noise Discriminator Technique
  38. "Wen feiern wir denn eigentlich?"
  39. Proposing a social-ecological framework for successful grassland restoration in Germany—an overview and insights from the Grassworks project
  40. Acting in the Name of Others
  41. From the Precariat to the Multitude