Title
Audit firm governance : do transparency reports reveal audit quality? Audit firm governance : do transparency reports reveal audit quality?
Author
Faculty/Department
Faculty of Applied Economics
Publication type
article
Publication
Sarasota, Fla ,
Subject
Economics
Source (journal)
Auditing : a journal of practice and theory. - Sarasota, Fla, 1981, currens
Volume/pages
31(2012) :4 , p. 193-214
ISSN
0278-0380
1558-7991
ISI
000310583000009
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
As a result of legal and regulatory requirements, audit firms in certain jurisdictions have recently started issuing transparency reports containing information on audit firm governance. In this study we investigate whether audit firm governance disclosure is associated with actual audit quality. Based on a sample of transparency reports of 103 audit firms in a number of EU countries, we find that there is variation in the extent and type of governance disclosures across audit firms. We, however, do not find an association with actual audit quality, apart from a weak association with an audit firm's statement on the effectiveness of its internal quality control system.
E-info
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