The economic impact of audit failures

  1. De Fuentes Barberá, Cristina 1
  2. Porcuna, Rubén 1
  1. 1 Universitat de València
    info

    Universitat de València

    Valencia, España

    ROR https://ror.org/043nxc105

Revista:
Revista de contabilidad = Spanish accounting review: [RC-SAR]

ISSN: 1138-4891

Año de publicación: 2022

Volumen: 25

Número: 1

Páginas: 159-173

Tipo: Artículo

DOI: 10.6018/RCSAR.394401 DIALNET GOOGLE SCHOLAR lock_openDIGITUM editor

Otras publicaciones en: Revista de contabilidad = Spanish accounting review: [RC-SAR]

Resumen

Este trabajo examina las consecuencias económicas asociadas a un fallo de auditoría en el ámbito de los servicios de auditoría legal, analizando los cambios en la cuota de mercado de la firma de auditoría en torno al momento del proceso de investigación emprendido por el Consejo de Supervisión Pública español. Exploramos las variaciones en la cuota de mercado de la auditoría aplicando el método de diferencia en diferencias a un grupo de tratamiento de 70 firmas de auditoría sancionadas y a un grupo de control emparejado de 70 firmas de auditoría no sancionadas. El periodo de análisis abarca los años comprendidos entre 1999 y 2015.  Nuestros resultados muestran que las firmas de auditoría sancionadas sufrieron un descenso significativo en su número relativo de clientes. Además, esta medida de la cuota de mercado disminuyó no sólo después de la publicación de la comunicación de la sanción (lo que puede atribuirse a las pérdidas de reputación), sino también después del inicio de la investigación (lo que puede atribuirse a la reticencia de la empresa a auditar clientes de riesgo). Los resultados son similares tanto para las pequeñas como para las grandes empresas cuando la cuota de mercado se mide en términos de clientes, mientras que la evidencia es débil en lo que respecta a las variaciones de su cuota de mercado basada en el volumen de negocio. Nuestras conclusiones podrían ser de interés para las firmas de auditoría y también para los reguladores de la auditoría a la hora de diseñar sistemas disciplinarios.

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Información de financiación

This work was supported by the Consellería de Educa-ció, Cultura i Esport de la Generalitat Valenciana under the Grant VALi+d (Resolución 26 Junio 2014) and Grant GV/2021/092 by Conselleria de Innovación, Universidades, Ciencia y Sociedad Digital (Subvenciones a Grupos de Invest-igación Emergentes, Programa para Promoción de la Invest-igación Científica, el Desarrollo Tecnológico y la Innovación en la CV, DOGV 8959 de 24 de noviembre del 2020, Resolu-ción 5 de marzo del 2021).

Financiadores

    • GV/2021/092

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