Ir al contenido

Documat

El informe de transparencia de las firmas auditoras: evidencia del mercado español 2010-2013

  • Ana Zorio-Grima [1] ; María Antonia García-Benau [1] ; Alfredo J. Grau-Grau [1] ; Floralba Paredes-Ojeda [1]
    1. [1] Universitat de València

      Universitat de València

      Valencia, España

  • Localización: Revista española de financiación y contabilidad, ISSN 0210-2412, Vol. 47, Nº 2, 2018, págs. 280-305
  • Idioma: español
  • Títulos paralelos:
    • The transparency report issued by audit firms: evidence from the Spanish market 2010-2013
  • Texto completo no disponible (Saber más ...)
  • Resumen
    • español

      Este trabajo analiza los Informes Anuales de Transparencia publicados en España en 2010, tras la aprobación de la Ley 12/2010 de Auditoría de Cuentas (LAC), y en 2013, tras la publicación del Reglamento de la LAC y las nuevas propuestas europeas. Los resultados de esta investigación, pionera en nuestro país, evidencian un nivel de transparencia elevado en los items de divulgación obligatoria según la normativa y en aumento de 2010 a 2013. No obstante, se reduce la presentación de información voluntaria en 2013. Nuestro estudio revela que las firmas más grandes y menos dependientes de los ingresos por servicios de consultoría son las que presentan mayor transparencia informativa en sus Informes Anuales de Transparencia.

    • English

      This paper looks into the Annual Transparency Reports published in Spain in 2010 as a consequence of the Spanish Auditing Act 12/2010, and in 2013 after the publication of the 2011 Spanish Auditing Regulation and the new European Union proposals. The results of this pioneer research in our country evidence a high level of transparency regarding the compulsory items legally required, showing an increasing trend from 2010 to 2013. However, there is a decrease in voluntary information in 2013. Our study reveals that bigger audit firms and firms less dependent on fees from consultancy services are the ones with higher transparency levels in their Annual Transparency Reports.

  • Referencias bibliográficas
    • Bamber, E. M., & Bamber, L. S., (2009). Discussion of “mandatory audit.-partner rotation, audit. Quality and market perception: Evidence...
    • Bartlett, R. W., (1991). A heretical challenge to the incantations of audit independence. Accounting Horizons, 5(1), 11–16.
    • Bartlett, R. W., (1993). A scale of perceived independence: New evidence on an old concept. Accounting, Auditing & Accountability Journal,...
    • Bedard, J., Johnstone, K., & Smith, E., (2010). Audit quality indicators: A status update on possible public disclosures and insights...
    • Bell, T. B., Causholli, M., & Knechel, W. R., (2015). Audit firm tenure, non‐audit services, and internal assessments of audit quality....
    • Bleibtreu, C., & Stefani, U., (2013). The effect of mandatory rotation on low balling behavior and audit independence (Working paper series...
    • Byun, H. Y., (2007). The cost of debt capital and corporate governance practices. Asia-Pacific Journal of Financial Studies, 36(5), 765–806.
    • Cano Rodríguez, M., & Sánchez Alegría, S., (2012). The value of audit quality in public and private companies: Evidence from Spain. Journal...
    • Chaney, P. K., Jeter, D. C., & Shivakumar, L., (2004). Self-selection of auditors and audit pricing in private firms. The Accounting Review,...
    • Clinton, S. B., Pinello, A. S., & Skaife, H. A., (2014). The implications of ineffective internal control and SOX 404 reporting for financial...
    • Čular, M., (2014). Transparency of audit firms in Croatia. Special Journal Issue on Advances in Business, Finance, Economics and Management,...
    • DeAngelo, L. E., (1981). Auditor size and audit quality. Journal of Accounting and Economics, 3, 183–199. doi:10.1016/0165-4101(81)90002-1
    • DeFond, M., & Zhang, J., (2014). A review of archival auditing research. Journal of Accounting and Economics, 58(2–3), 275–326. doi:10.1016/j.jacceco.2014.09.002
    • DeFond, M. L., Raghunandan, K., & Subramanyam, K. R., (2002). Do non-audit service fees impair auditor independence? Evidence from going...
    • Deumes, R., Schelleman, C., Vander Bauwhede, H., & Vanstraelen, A., (2012). Audit firm governance: Do transparency reports reveal audit...
    • DiMaggio, P. J., & Powell, W. W., (1983). The iron cage revisited: Institutional isomorphism and collective rationality in organizational...
    • Ebimobowei, A., & Keretu, O. J., (2011). Mandatory rotation of auditors on audit quality, costs and independence in South-South, Nigeria....
    • Engel, E., Hayes, R. M., & Wang, X., (2010). Audit committee compensation and the demand for monitoring of the financial reporting process....
    • Flint, D., (1988). Philosophy and principles of auditing: An introduction. Macmillan. Basingstoke
    • Francis, J., Michas, P. N., & Seavey, S. E., (2013). Does audit market concentration harm the quality of audited earnings? Evidence from...
    • Francis, J. R., (1984). Effect of audit firm size on audit prices, a study of the Australian market. Journal of Accounting and Economics,...
    • Francis, J. R., (2004). What do we know about audit quality? The British Accounting Review, 36(4), 345–368. doi:10.1016/j.bar.2004.09.003
    • Francis, J. R., (2011). A framework for understanding and researching audit quality. Auditing: A Journal of Practice & Theory, 30(2),...
    • Francis, J. R., & Yu, M. D., (2009). Big 4 office size and audit quality. The Accounting Review, 84(5), 1521–1552. doi:10.2308/accr.2009.84.5.1521
    • Freeman, R. E., (1984). Strategic management: A stakeholder approach. Marshfield, MA: Pitman.
    • Fu, Y., Carson, E., & Simnett, R., (2015). Transparency report disclosure by Australian audit firms and opportunities for research. Managerial...
    • Garcia‐Benau, M. A., & Zorio, A., (2004). Audit reports on financial statements prepared according to IASB standards: Empirical evidence...
    • Garcia-Blandon, J., & Argilés-Bosch, J. M., (2016). Audit partner tenure and independence in a low litigation risk setting. Accounting...
    • Girdhar, S., (2015). The Internationalization of Big Accounting Firms and the Implications on their Practices and Structures: An Institutional...
    • Gomper, P., Ishii, J., & Metrick, A., (2003). Corporate governance and equity prices source. The Quarterly Journal of Economics, 118(1),...
    • Hausman, J., (1978). Specification tests in econometrics. Econometrica, 46, 1251–1272. doi:10.2307/1913827
    • Holm, C., & Zaman, M., (2017, May). Interactions of public oversight and audit firm transparency. Paper presented at 40th Annual Congress...
    • Humphrey, C., Kausar, A., Loft, A., & Woods, M., (2011). Regulating audit beyond the crisis: A Critical Discussion of the EU Green Paper....
    • Humphrey, C., Loft, A., & Woods, M., (2009). The global audit profession and the international financial architecture: Understanding regulatory...
    • Hussein, F., & ModHanefah, M., (2013). Overview of surrogates to measure audit quality, International. Journal of Business and Management,...
    • IAASB. (2014). A framework for audit quality. IFAC. New York.
    • ICAC. (2011). Plan de Control de la actividad para 2011 y ejecución del plan 2010. Madrid: Ministerio de Economía y Hacienda.
    • ICAC. (2014). Plan de Control de la actividad para 2014 y ejecución del plan 2013. Madrid: Ministerio de Economía y Competitividad.
    • IOSCO (2015, November). Transparency of firms that audit public companies. Disponible de marzo 29, 2016, en www.iosco.org/library/pubdocs/pdf/IOSCOPD511.pdf
    • Jaggi, B., Mitra, S., & Hossain, M., (2015). Earnings quality, internal control weaknesses and industry-specialist audits. Review of Quantitative...
    • Kent, P., & Zunker, T., (2015). A stakeholder analysis of employee disclosures in annual reports. Accounting & Finance. doi:10.1111/acfi.12153
    • LAC. (12/2010). Ley 12/2010 de 30 de junio de Auditoría de Cuentas, modifica Ley 19/1988 de 12 de julio, LAC; la Ley 24/1988, de 28 de julio,...
    • LAC. (22/2015). Ley 22/2015, de 20 de julio, de Auditoría de Cuentas.
    • Lawrence, A., Minutti-Meza, M., & Zhang, P., (2011). Can Big 4 versus non-Big 4 differences in audit-quality proxies be attributed to...
    • Lee, T., (1993). Corporate audit theory. London: Chapman and Hall.
    • Legoria, J., Melendrez, K. D., & Reynolds, J. K., (2013). Qualitative audit materiality and earnings management. Review of Accounting...
    • Lennox, C., & Pittman, J., (2010). Big Five audits and accounting fraud. Contemporary Accounting Research, 27(1), 209–247. doi:10.1111/j.1911-3846.2010.01007.x
    • Loft, A., Humphrey, C., Turley, S., & Unerman, J., (2006). In pursuit of global regulation: Changing governance and accountability structures...
    • Maijoor, S. J., & Vanstraelen, A., (2012). “Research Opportunities in Auditing in the EU,” Revisited. AUDITING: A Journal of Practice...
    • Mann, H. B., & Whitney, D. R., (1947). On a test of whether one of two random variables is stochastically larger than the other. The Annals...
    • Mccreevy, C., (2008, December 8). Speech at the European contact group/EGIAN dinner. Brussels.Available at:http://europa.eu/rapid/press-release_SPEECH-08-692_en.htm
    • Menezes, T., & Bras, F., (2015). Audit quality: Does gender composition of audit firms matter? Spanish Journal of Finance and Accounting...
    • Mittendorf, B., (2010). The role of audit thresholds in the misreporting of private information. Review of Accounting Studies, 15, 243–263....
    • Moizer, P., García Benau, M. A., Humphrey, C., & Vico Martinez, A., (2004). The corporate image of auditors in a developing audit market...
    • Monterrey, J., & Sánchez, A., (2007, septiembre). Un estudio empírico de los honorarios del auditor. Cuadernos de Economía y Dirección...
    • Neter, J., Wasserman, W., & Kutner, M. H., (1989). Applied regression models. Homewood, IL: Irwin.
    • Oh, K., & Dowling, C., (2014). Professionalism versus commercialism: An analysis of the image conveyed by audit firms in transparency...
    • Palmrose, Z., (1988). An analysis of auditor litigation and audit service quality. The Accounting Review, 63(1), 55–73.
    • Park, B. J., (2015). Client importance and earnings quality: An analysis of the moderating effect of managerial incentives for target beating...
    • Petersen, K., & Zwirner, C., (2009). Transparenzberichte gem.$55c WPO–Pflicht oder chance? Zeitschrift für Internationale und Kapitalmarktorientierte...
    • Pivac, S., & Čular, M., (2012). Quality index creating and analysis of the transparency of audit firms–Case study in Croatia. Croatian...
    • Pizzini, M., Lin, S., & Ziegenfuss, D. E., (2015). The impact of internal audit function quality and contribution on audit delay. AUDITING:...
    • POB - Professional Oversight Board. (2010). Transparency reporting by auditors of public interest entities: Review of mandatory reports. Disponible...
    • Pott, C., Mock, T. J., & Watrin, C., (2008). The effect of a transparency report on auditor independence: Practitioners’ self-assessment....
    • Quick, R., (2012). EC green paper proposals and audit quality. Accounting in Europe, 9(1), 17–38. doi:10.1080/17449480.2012.664398
    • Ratzinger-Sakel, N. V. S., & Schönberger, M. W., (2015). Restricting non-audit services in Europe–the potential (lack of) impact of a...
    • RD. (1517/2011). Real Decreto 1517/2011 de 31 de octubre, por el que se aprueba el Reglamento que desarrolla el TRLAC, aprobado por Real Decreto...
    • Ruiz-Barbadillo, E., Go´mez‐Aguilar, N., & Carrera, N., (2009). Does mandatory audit firm rotation enhance auditor independence? Evidence...
    • Ruiz-Barbadillo, E., Gómez-Aguilar, N., Biedma-López, E., & Carrera, N., (2012). Auditing standards and the expectations gap: Evidence...
    • Ruiz-Barbadillo, E., Gómez-Aguilar, N., & Carrera, N., (2006). Evidencia empírica sobre el efecto de la duración del contrato en la calidad...
    • Ruiz-Barbadillo, E., Rodríguez Castro, P. I., & Biedma López, E., (2015). Barreras de entrada, concentración y competitividad en el mercado...
    • Serrano-Madrid, J., Ruiz-Barbadillo, E., & Martínez-Conesa, I., (2013). Análisis empírico de la prima por riesgo de negocio en el mercado...
    • Simunic, D., (1980). The pricing of audit services: Theory and evidence. Journal of Accounting Research, 18(1), 161–190. doi:10.2307/2490397
    • UE. (2006). Directiva 2006/43/CE Parlamento Europeo y Consejo, de 17 de mayo de 2006, relativa a auditoría legal de cuentas anuales y de cuentas...
    • UE. (2008). Recomendación de la Comisión de 6 de mayo de 2008 relativa al control de calidad externo de los auditores legales y las sociedades...
    • UE. (2010). Libro Verde. Política de auditoría: lecciones de la crisis. Bruselas, 13.10.2010COM (2010) 561 final. DO C 248/16 de 28.5.2011.
    • UE. (2011). Propuesta de Reglamento del Parlamento Europeo y del Consejo sobre requisitos específicos para la auditoría legal de las EIP....
    • UE. (2014). Reglamento No 537/2014 del Parlamento Europeo y del Consejo de 16 de abril de 2014 sobre los requisitos específicos para la auditoría...
    • Ullmann, A. A., (1985). Data in search of a theory: A critical examination of the relationships among social performance, social disclosure,...
    • Van Tendeloo, B., & Vanstraelen, A., (2008). Earnings management and audit quality in Europe: Evidence from the private client segment...
    • Vanstraelen, A., Schelleman, C., Meuwissen, R., & Hofmann, I., (2012). The audit reporting debate: Seemingly intractable problems and...
    • Villanueva-García, J., Zorio-Grima, A., & García-Benau, M., (2015). Supervisores bursátiles, gobierno corporativo y cumplimiento de las...
    • Wang, K. J., & Tuttle, B. M., (2009). The impact of auditor rotation on auditor–client negotiation. Accounting, Organizations and Society,...
    • Watkins, A. L., Hillison, W., & Morecroft, S. E., (2004). Audit quality: A synthesis of theory and empirical evidence. Journal of Accounting...
    • Zorio-Grima, A., & Carmona-Ibañez, P., (2017, May). Do the big-4 use transparency reports as a communication strategy? Paper presented...
Fundación Dialnet

Mi Documat

Opciones de artículo

Opciones de compartir

Opciones de entorno