Predicting audit failureevidence from auditing enforcement releases

  1. Cristina De Fuentes
  2. Rubén Porcuna
Revista:
Revista española de financiación y contabilidad

ISSN: 0210-2412

Año de publicación: 2019

Volumen: 48

Número: 3

Páginas: 274-305

Tipo: Artículo

Otras publicaciones en: Revista española de financiación y contabilidad

Resumen

Este estudio pretende identificar los determinantes principales del fallo del auditor y contribuir al debate actual sobre la duración del contrato y la independencia del auditor, tras la reciente regulación por la Unión Europea. Se identifica el fallo del auditor con la sanción impuesta por el ICAC tras una investigación. La muestra de sanciones a auditores individuales y firmas de auditoria abarca el periodo 2002-2013. Nuestros resultados revelan que la probabilidad de que el auditor cometa una infracción aumenta cuando la empresa cliente tiene más dificultades financieras, el auditor es más permisivo hacia prácticas de gestión del resultado que aumentan los beneficios y el informe está firmado por un auditor individual. Los resultados también muestran una asociación positiva entre la duración del contrato y el fallo del auditor, pero únicamente en el caso de auditores individuales. El peso económico relativo del auditor-cliente también está asociado de forma positiva al fallo de la auditoría, posiblemente porque las firmas auditoras están más preocupadas por la pérdida de reputación que conlleva un gran escándalo financiero que por la presión económica asociada a la pérdida de un cliente.

Información de financiación

This work was supported by the Conseller?a de Educaci?, Cultura i Esport de la Generalitat Valenciana [VALi+d (Resoluci?n 26 Junio 2014)]. We are grateful to the editor, Nieves Carrera, and the two anonymous referees, for their valuable feedback and editing assistance. We also thank Josep Garc?a-Blandon, Juan Manuel Garc?a Lara, Emiliano Ruiz-Barbadillo and Nora Mu?oz for their valuable comments on prior versions of this paper. We also acknowledge other participants at the XI Workshop on Empirical Research in Financial Accounting, the XXI Workshop on Accounting and Management Control ?Memorial Raymond Konopka?, the XVII Encuentro Asepuc and the 39th European Accounting Association Annual Congress 2016. This work was financially supported by the Conseller?a de Educaci?, Cultura i Esport de la Generalitat Valenciana under Grant VALi+d (Resoluci?n 26 Junio 2014).

Financiadores

    • Junio 2014

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