389
Views
6
CrossRef citations to date
0
Altmetric
Research Articles

Audit Partner Tenure and Independence in a Low Litigation Risk Setting

&

References

  • Aharony, J., Lin, C. J., & Loeb, M. P. (1993). Initial public offerings, accounting choices, and earnings management. Contemporary Accounting Research, 10(1), 61–81.
  • Ball, R., Walker, R. G., & Whittred, G. P. (1979). Audit qualifications and share prices. Abacus, 15(1), 23–34.
  • Bamber, E. M., & Bamber, L. S. (2009). Discussion of mandatory audit partner rotation, audit quality, and market perception: Evidence from Taiwan. Contemporary Accounting Research, 26(2), 393–402.
  • Cameran, M., Francis, J. R., Marra, A., & Pettinicchio, A. (2015). Are there adverse consequences of mandatory auditor rotation? Evidence from the Italian experience. Auditing: A Journal of Practice & Theory, 34(1), 1–24.
  • Cameran, M., Prencipe, A., & Trombetta, M. (2016). Mandatory audit firm rotation and audit quality. European Accounting Review, 25(1), 35–58.
  • Carcello, J. V., Hermanson, D. R., & Huss, H. F. (1995). Temporal changes in bankruptcy- related reporting. Auditing: A Journal of Practice & Theory, 14(2), 133–143.
  • Carcello, J. V., & Neal, T. (2000). Audit committee composition and auditor reporting. The Accounting Review, 75(4), 453–467.
  • Carey, P., & Simnett, R. (2006). Audit partner tenure and audit quality. The Accounting Review, 81(3), 653–676.
  • Chen, C. Y., Lin, C. J., & Lin, Y. C. (2008). Audit partner tenure, audit firm tenure, and discretionary accruals: Does long auditor tenure impair earnings quality? Contemporary Accounting Research, 25(2), 415–445.
  • Chi, H. Y., & Chin, C. L. (2011). Firm versus partner measures of auditor industry expertise and effects on auditor quality. Auditing: A Journal of Practice & Theory, 30(2), 201–229.
  • Chi, W., & Huang, H. (2005). Discretionary accruals, audit-firm tenure and audit-partner tenure: Empirical evidence from Taiwan. Journal of Contemporary Accounting and Economics, 1(1), 65–92.
  • Chi, W., Huang, H., Liao, Y., & Xie, H. (2009). Mandatory audit partner rotation, audit quality, and market perception: Evidence from Taiwan. Contemporary Accounting Research, 26(2), 359–391.
  • Chi, W., Myers, L. A., Omer, T. C., & Xie, H. (2011). The effects of audit partner pre-client and client-specific experience on audit quality and on perceptions of audit quality (Working Paper), National Chengchi University. Retrieved from SSRN http://ssrn.com/abstract=1304953
  • Choi, S., & Jeter, D. (1992). The effects of qualified audit opinions on earnings response coefficients. Journal of Accounting and Economics, 15(2), 249–247.
  • Chow, C. W., & Rice, S. J. (1982). Qualified audit opinions and auditor switching. The Accounting Review, 57(2), 326–335.
  • Chow, C. W., & Rice, S. J. (1982b). Qualified audit opinions and share prices – an investigation. Auditing: A Journal of Practice & Theory, 1(2), 35–53.
  • Comisión Nacional del Mercado de Valores. (2009). Report on the review of the annual financial reports filed with the CNMV. Madrid.
  • Craswell, A., Stokes, D. J., & Laughton, J. (2002). Auditor independence and fee dependence. Journal of Accounting and Economics, 33(2), 253–275.
  • Craswell, A. T. (1988). The association between qualified opinions and auditor switches. Accounting and Business Research, 19(73), 23–31.
  • Davis, L. R., Soo, B. S., & Trompeter, G. M. (2009). Auditor tenure and the ability to meet or beat earnings forecasts. Contemporary Accounting Research, 26(2), 517–548.
  • DeAngelo, L. (1981). Auditor size and audit quality. Journal of Accounting and Economics, 3(3), 113–127.
  • DeFond, M., Raghunandan, K., & Subramanyam, K. R. (2002). Do nonaudit service fees impair auditor independence? Evidence from going-concern audit opinions. Journal of Accounting Research, 40(4), 1247–1274.
  • DeFond, M., & Zhang, J. (2014). A review of archival auditing research. Journal of Accounting and Economics, 58(2), 275–326.
  • Dopuch, N., Holthausen, R. W., & Leftwich, R. W. (1987). Predicting audit qualifications with financial and market variables. The Accounting Review, 62(3), 431–454.
  • Dopuch, N., King, R. R., & Schwartz, R. (2003). Independence in appearance and in fact: An experimental investigation. Contemporary Accounting Research, 20(1), 79–119.
  • European Commission. (2010). Green Paper – Audit policy: Lessons from the crisis. Brussels: Publications Office of the European Unión.
  • Ewelt-Knauer, C., Gold, A., & Pott, C. (2013). Mandatory audit firm rotation: A review of stakeholder perspectives and prior research. Accounting in Europe, 10(1), 27–41.
  • Fargher, N., Lee, H. Y., & Mande, V. (2008). The effect of audit partner tenure on client managers’ accounting discretion. Managerial Auditing Journal, 23(2), 161–186.
  • Firth, M., Rui, O. M., & Wu, X. (2012). How do various forms of auditor rotation affect audit quality? Evidence from China. The International Journal of Accounting, 47(1), 109–138.
  • Francis, J. R., & Krishnan, J. (1999). Accounting accruals and auditor reporting conservatism. Contemporary Accounting Research, 16(1), 135–165.
  • General Accounting Office. (2003). Required study on the potential effects of mandatory audit firm rotation. Washington, DC: United States General Accounting Office.
  • Gonzalo Angulo, J. A. (1995). La auditoría, una profesión en la encrucijada de los noventa. Revista Española de Financiación y Contabilidad, 23(84), 595–630.
  • Gul, F., Basioudis, I., & Ng, A. (2011). Non audit fees, auditor tenure and auditor independence. Paper presented at the international symposium on audit research (ISAR), Quebec City.
  • Gul, F. A., Jaggi, B. L., & Krishnan, G. V. (2007). Auditor independence: Evidence on the joint effects of auditor tenure and nonaudit fees. Auditing: A Journal of Practice & Theory, 26(2), 117–142.
  • Gul, F. A., Wu, D., & Yang, Z. (2013). Do individual auditors affect audit quality? Evidence from archival data. The Accounting Review, 88(6), 1993–2023.
  • Hoyle, J. (1978). Mandatory auditor rotation: The arguments and an alternative. The Journal of Accountancy, 145, 69–78.
  • International Federation of Accountants. (2003). Code of ethics. New York: IFAC.
  • Knechel, W., & Vanstraelen, A. (2007). The relationship between auditor tenure and audit quality implied by going-concern opinions. Auditing: A Journal of Practice & Theory, 26(1), 113–131.
  • Krishnan, J. (1994). Auditor switching and conservatism. The Accounting Review, 69(1), 200–215.
  • Laitinen, E. K., & Laitinen, T. (1998). Qualified audit reports in Finland: Evidence from large companies. European Accounting Review, 7(4), 639–653.
  • Lam, K. C., & Mensah, Y. M. (2006). Auditors’ decision-making under going-concern uncertainties in low litigation-risk environments: Evidence from Hong Kong. Journal of Accounting and Public Policy, 25(6), 706–739.
  • Levinthal, D. A., & Fichman, M. (1988). Dynamics of interorganizational attachments: Auditor client attachments. Administrative Science Quarterly, 33(3), 345–369.
  • Lim, C., & Tan, H. (2010). Does auditor tenure improve audit quality? Moderating effects of industry specialization and fee dependence. Contemporary Accounting Research, 27(3), 923–957.
  • Louwers, T. (1998). The relation between going-concern opinions and the auditor’s loss function. Journal of Accounting Research, 36(1), 143–156.
  • Manry, D. L., Mock, T. J., & Turner, J. L. (2008). Does increased audit partner tenure reduce audit quality? Journal of Accounting, Auditing and Finance, 23(4), 553–572.
  • Mautz, R. K., & Sharaf, H. A. (1961). The philosophy of auditing. Sarasota, FL: American Accounting Association.
  • McLaren, N. L. (1958). Rotation of auditors. The Journal of Accountancy, 106, 41–44.
  • Myers, J., Myers, L. A., & Omer, T. C. (2003). Exploring the term of the auditor-client relationship and the quality of earnings: A case for mandatory auditor rotation? The Accounting Review, 78(3), 779–799.
  • Myers, J., Myers, L. A., Palmrose, V., & Scholz, S. (2005). The length of auditor-client relationships and financial statement restatements (Working Paper). Texas A&M University.
  • Paz-Ares, C. (1996). La ley, el mercado y la independencia del auditor. Editorial Civitas, Madrid.
  • Quick, R. (2012). EC green paper proposals and audit quality. Accounting in Europe, 9(1), 17–38.
  • Ratzinger-Sakel, N. V., Audousset-Coulier, S., Kettunen, J., & Lesage, C. (2013). Joint audit: Issues and challenges for researchers and policy-makers. Accounting in Europe, 10(2), 175–199.
  • Ratzinger-Sakel, N. V., & Schönberger, M. W. (2015). Restricting non-audit services in Europe – the potential (lack of) impact of a blacklist and a fee cap on auditor independence and audit quality. Accounting in Europe, 12(1), 61–86.
  • Reynolds, J. K., & Francis, J. R. (2001). Does size matter? The influence of large clients on office-level auditor reporting decisions. Journal of Accounting and Economics, 30(3), 375–400.
  • Ruiz-Barbadillo, E., Gómez Aguilar, N., & Biedma, E. (2005). Análisis empírico del efecto de la duración del contrato de auditoria en la recepción de informes cualificados. Revista de Contabilidad, 8(16), 15–39.
  • Ruiz-Barbadillo, E., Gómez Aguilar, N., & Carrera, N. (2006). Evidencia empírica sobre el efecto de la duración del contrato en la calidad de la auditoría: análisis de las medidas de retención y rotación obligatoria de auditores. Investigaciones Económicas, 30(2), 283–316.
  • Ruiz-Barbadillo, E., Gómez Aguilar, N., De Fuentes-Barberá, C., & García Benau, M. A. (2004). Audit quality and the going-concern decision making process: Spanish evidence. European Accounting Review, 13(4), 597–620.
  • Shockley, R. A. (1981). Perceptions of auditors’ independence: An empirical analysis. The Accounting Review, 56(4), 785–800.
  • Vanstraelen, A. (2000). Impact of renewable long-term audit mandates on audit quality. European Accounting Review, 9(3), 419–442.
  • Vanstraelen, A. (2002). Auditor economic incentives and going-concern opinions in a limited litigious continental European business environment: Empirical evidence from Belgium. Accounting and Business Research, 32(3), 171–186.
  • Ye, P., Carson, E., & Simnett, R. (2011). Threats to auditor independence: The impact of relationship and economic bonds. Auditing: A Journal of Practice & Theory, 30(1), 121–148.
  • Zmijewski, M. E. (1984). Methodological issues related to the estimation of financial distress prediction models. Journal of Accounting Research, 22(Suppl.), 59–82.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.