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The effect of a transparency report on auditor independence: practitioners’ self-assessment

The effect of a transparency report on auditor independence: practitioners’ self-assessment The objective of this study is to investigate how practitioners assess several aspects of a transparency report on auditor independence published by auditing firms. This research was conducted using a survey approach with an experimental component, where the research instrument was distributed to 92 experienced practitioners. Results indicate no significant perceived difference as to whether the transparency report is mandatory or voluntary or whether the report is audited or not. Also the transparency report’s effectiveness is not assessed differently by practicing auditors or accountants. Further descriptive analysis over the full sample indicates the individually most important safeguards related to auditor independence are perceived to be quality assurance, internal quality controls and independence practice and compliance. However, the importance of fee information and information on audited entities is assessed to be more important by accountants compared to auditors due to different interests. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Managerial Science Springer Journals

The effect of a transparency report on auditor independence: practitioners’ self-assessment

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References (20)

Publisher
Springer Journals
Copyright
Copyright © 2008 by Springer-Verlag
Subject
Business and Management; Business and Management, general; Accounting/Auditing; Banking; Marketing; Business Strategy/Leadership
ISSN
1863-6683
eISSN
1863-6691
DOI
10.1007/s11846-008-0017-y
Publisher site
See Article on Publisher Site

Abstract

The objective of this study is to investigate how practitioners assess several aspects of a transparency report on auditor independence published by auditing firms. This research was conducted using a survey approach with an experimental component, where the research instrument was distributed to 92 experienced practitioners. Results indicate no significant perceived difference as to whether the transparency report is mandatory or voluntary or whether the report is audited or not. Also the transparency report’s effectiveness is not assessed differently by practicing auditors or accountants. Further descriptive analysis over the full sample indicates the individually most important safeguards related to auditor independence are perceived to be quality assurance, internal quality controls and independence practice and compliance. However, the importance of fee information and information on audited entities is assessed to be more important by accountants compared to auditors due to different interests.

Journal

Review of Managerial ScienceSpringer Journals

Published: Apr 16, 2008

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