Buch, Englisch, 202 Seiten, Previously published in hardcover, Format (B × H): 155 mm x 235 mm, Gewicht: 335 g
Private Incentives and the Regulation of Audit and Non-Audit Services
Buch, Englisch, 202 Seiten, Previously published in hardcover, Format (B × H): 155 mm x 235 mm, Gewicht: 335 g
ISBN: 978-1-4419-5082-6
Verlag: Springer
This book focuses on market mechanisms which protect quality in the provision of audit services. The role of public regulation is thus situated in the context defmed by the presence of these safeguard mechanisms. The book aims to contribute to a better understanding of these market mechanisms, which helps in defining the con tent of rules and the function of regulatory bodies in facilitating and strengthening the protective operation of the market. An analysis at a more general level is provided in the three chapters making up Part 1. In the four chapters of Part 2, on the other hand, this analysis is applied to a particular problem to determine how those non-audit services often provided by auditors to their audit clients should be regulated. Finally, Chapter 8 contains a summary of the analysis and conclusions of the work. The conclusion with regard to non-audit services is that their provision generates beneficial effects in terms of costs, technical competence, professional judgment and competition and, moreover, need not prejudice auditor independence or the quality of these services. This as sessment leads, in the normative sphere, to recommending a legislative policy aimed at facilitating the development and use of safeguards provided by the free action of market forces. Regulation should thus aim to enable the parties-audit firms, self-regulatory bodies and audit clients-to discover through competitive market interaction both the most efficient mix of services and the corresponding quality safeguards, adjusting for the costs and benefits of each possibility.
Zielgruppe
Research
Autoren/Hrsg.
Fachgebiete
- Rechtswissenschaften Wirtschaftsrecht
- Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Controlling, Wirtschaftsprüfung, Revision
- Wirtschaftswissenschaften Volkswirtschaftslehre Öffentliche Finanzwirtschaft, Besteuerung
- Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Betriebliches Rechnungswesen
Weitere Infos & Material
1. Auditing quality. 2. The safeguard of quality. 3. Auditor independence as an economic decision. 4. The supply of non-audit services by auditors. 5. Effects of non-audit services on auditor independence. 6. Effects of non-audit services on market competition. 7. Normative possibilities for non-audit services. 8. Let knowledge evolve in the market. References. Index.
