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[Besprechung von Aufsätzen]: Ruiz-Barbadillo, Emiliano/Gómez-Aguilar, Nieves/Carrera, Nieves: Does Mandatory Audit Firm Rotation Enhance Auditor Independence? Evidence from Spain, Auditing: A Journal of Practice & Theory, May 2009
- Publisher
- Wiley
- Copyright
- Copyright © 2014 John Wiley & Sons Ltd
- ISSN
- 1090-6738
- eISSN
- 1099-1123
- DOI
- 10.1111/ijau.12027
- Publisher site
- See Article on Publisher Site
Abstract
This study analyses a potential factor behind a change in auditor – that is, the minimization of political costs – given that the most important companies are more closely scrutinized and will attempt to prevent political costs resulting from unfavourable changes in the regulation of auditing activities. For that purpose, we analyse 82 Spanish non‐financial companies during the period from 1996 to 2009. The results obtained emphasize that the rotation of auditing firms takes place mainly when new regulations modifying or abolishing the current norms for auditing are discussed and enacted. These findings suggest that the real objective of these firms is to send out signals of good conduct to the public administration in order to avoid stricter regulation.
Journal
International Journal of Auditing – Wiley
Published: Jan 1, 2014
Keywords: ; ; ; ;