Three Essays on Audit Regulation, Audit Market Structure, and the Quality of Financial Statements PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Three Essays on Audit Regulation, Audit Market Structure, and the Quality of Financial Statements PDF full book. Access full book title Three Essays on Audit Regulation, Audit Market Structure, and the Quality of Financial Statements by Benjamin Heß. Download full books in PDF and EPUB format.
Author: Benjamin Heß
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Benjamin Heß
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Ulf Mohrmann
Publisher: Logos Verlag Berlin GmbH
ISBN: 3832541853
Category : Business & Economics
Languages : en
Pages : 300
Get Book Here
Book Description
The dissertation consists of four essays on the quality of audited financial statements. The first analysis investigates the association between several regulations of the audit market and earnings characteristics. The second essay differentiates between different drivers of audit quality after an auditor change by comparing the effects of voluntary and mandatory auditor changes. The third study analyses the different strategies of Big4 and non-Big4 auditors in dealing with Level 3 fair values. The fourth part examines banks' valuation behavior concerning Level 3 fair values.
Author: Masoud Yaharadeh
Publisher:
ISBN:
Category : Auditing
Languages : en
Pages : 124
Get Book Here
Book Description
Author: Christopher Bleibtreu
Publisher:
ISBN: 9781680839005
Category :
Languages : en
Pages : 200
Get Book Here
Book Description
Audit Regulations, Audit Market Structure, and Financial Reporting Quality provides a structured overview of the empirical and analytical literature on the effects of audit market regulations. After a short introduction, the monograph is organized as follows. Chapter II addresses the structure of the audit markets of industrialized countries. First presenting an overview of the concentration metrics used to describe the structure of an audit market or a market segment, then providing the empirical findings on audit market concentration at the national level and presenting an overview of the main reasons that led to the currently high degree of concentration. Chapter III summarizes the reasons why regulators worldwide consider a high degree of concentration to be a concern. In particular, it reviews the regulator's assumption that a high degree of concentration inevitably leads to a low degree of competition and to the corresponding effects of low audit quality and high audit fees. It also provides an overview of the empirical findings on the association between concentration and audit quality and fees, respectively. Chapter IV introduces the mandatory audit firm rotation, the prohibition on the joint supply of audit and non-audit services, and joint audits as examples for regulations that are likely to have both incentive and market structure effects. Chapter V summarizes the empirical findings on the effects of these regulations on audit quality and market structure. Chapter VI summarizes models that regard the market structure as given. The results from these models show that the effects of regulations are not straightforward, but depend on various factors related to the auditor, the client, and the legal environment. Chapter VII gives an overview of analytical research that simultaneously considers incentive effects and market structure effects. It also provides a brief overview of industrial organization models that seem suitable to expand the models applied to investigate the effects of audit regulations. Chapter VIII concludes and highlights avenues for future research.
Author: Reiner Quick
Publisher: Routledge
ISBN: 1134060246
Category : Business & Economics
Languages : en
Pages : 302
Get Book Here
Book Description
In this important new book, the European Auditing Research Network gives a timely appraisal of the regulatory environment for financial accounting and auditing in the wake of a series of high profile scandals involving major corporations.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Aurelio Perucca
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Alexei Lubimov
Publisher:
ISBN:
Category :
Languages : en
Pages : 119
Get Book Here
Book Description
The dissertation consists of three studies examining three different regulatory issues that affect the auditing profession. The first study has two main foci. First, the study investigates the impact of Sarbanes-Oxley Act (SOX) on the Big 4 fee premium. Second, the study investigates the relationship between the size of an audit client and annual fee change. The results show that in the post-SOX environment, clients of non-Big 4 firms have experienced greater increases in audit fees than the clients of the Big 4 firms, resulting in a diminishing Big 4 premium. This is consistent with the notion that non-Big 4 clients had to make significant adjustments to meet post-SOX quality requirements by increasing their effort (and consequently audit fees). The results also show audit firms' large clients experience the largest percentage increase in audit fees. This is consistent with the theoretical view of consumer surplus, where the large clients, with more resources, have greater levels of consumer surplus, which is being captured by the audit firms. The study contributes to our understanding of the impact of SOX on audit fee premium and the economics of audit market competition in different client segments. The second study is focused on three main areas: 1) the relationship between audit fees and audit market concentration on a country level; 2) the effect of a country's litigation regime on the relationship between audit fees and market concentration and 3) the inter-relations between competition, fees, and quality in the market for audit services. The study is motivated by the current debate in the United States and the European Union about the possible problems associated with the current oligopolistic structure of the audit market.
Author: Ulf Mohrmann
Publisher:
ISBN:
Category :
Languages : en
Pages : 57
Get Book Here
Book Description
The main objectives of recent audit market regulations are to (1) increase audit quality, (2) decrease audit market concentration, and (3) foster competition between audit firms. However, the empirical evidence on whether such regulations fulfill these goals is limited. We construct a unique database of the regulations in effect in the audit markets of 29 countries to explore the link between audit market regulation and the abovementioned objectives. The staggered implementation between 2002 and 2014 across the sample countries allows better identification of the role of audit market regulation than in single-country studies. We find that only one of the analyzed regulations, the restriction of auditor liability, is positively associated with all three goals. Mandatory auditor rotation, fee disclosures, and fee caps appear to be detrimental: The associations with two of the objectives are in the wrong direction, with no positive counterbalancing effect with regard to the third goal. Restricting non-audit services is associated with a lower degree of concentration within the group of market leaders and higher audit quality, but is negatively related to competition. The role of audit partner rotation and that of joint audits remain ambiguous. Our findings are helpful for regulators and academics and represent a necessary first step for a comprehensive cost-benefit analysis of audit market regulations.
Author: Christopher Bleibtreu
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
