United States and European Union Auditor Independence Regulation

Implications for Regulators and Auditing Practice
2006
ISBN: 978-3-8350-0287-6
Verlag: Deutscher Universitätsverlag

Buch, Englisch, 235 Seiten, Format (B × H): 148 mm x 210 mm, Gewicht: 336 g

Reihe: Forschungsreihe Rechnungslegung und Steuern

In recent years, the Sarbanes-Oxley-Act has received international attention unlike few other laws. The rules presented in this act take influence on business practice and dominate the ongoing discussion on business constitution in the USA as well as in Europe.

Christiane Strohm investigates the effects of the Sarbanes-Oxley-Act and the revised 8th EU-Directive on auditing. The results of her first experiment indicate that there is a difference in the communication and safeguarding effects of a regulation, depending on the precision of its wording. Findings of her second experiment show that safeguarding effects also depend on auditors' monetary incentives and on perceived costs of litigation. The author also tests the effectiveness of a transparency report which is proposed by the European Union. The most important safeguards (policies and procedures) are perceived to be quality assurance, internal quality controls and independence practice and compliance.

Zielgruppe

Research

Autoren/Hrsg.

Strohm, Christiane

Weitere Mitwirkende

Watrin, Prof. Dr. Christoph

Fachgebiete

• Rechtswissenschaften Steuerrecht Internationales und Europäisches Steuer-, Bilanz- und Rechnungslegungsrecht
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Internationales Rechnungswesen

Inhaltsverzeichnis

Auditor Independence Risk.- Prior Research on Auditor Independence.- Auditor Independence Regulation.- Task Complexity and Hypotheses Development.- Empirical Studies on Auditor Independence Regulation.- Consequences from the Empirical Findings for the European Capital Market.- Conclusions and Future Research.

Über Autor(innen)

Dr. Christiane Strohm promovierte bei Prof. Dr. Christoph Watrin am Institut für Unternehmensrechnung und -besteuerung der Universität Münster. Sie ist zur Zeit Visiting Scholar an der University of Southern California, Leventhal School of Accounting, Los Angeles.