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Author: Mohamed A. Hegazy Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Purpose - This study aims to investigate the implications of audit industry specialization on auditor's retention and growth within an emerging economy. Factors such as whether the firm is a Big 4, a firm with international affiliation, a local firm and the type of industry were studied to analyse the reasons behind audit firm retention and growth.Design/methodology/approach - This research is based on a field study related to audit firmsproviding services to listed companies in an emerging economy. The sample includes the top 100 publicly held companies' in the Egyptian stock market during 2006-2011 for which their annual reports are analysed to determine the audit firms' retention and growth. An assessment of the continuity of the auditors and theincrease in the number of audit clients were also measured.Findings - The results confirm that industry specialization has an important effect on the auditor' sretention, especially for industries where capital investment is significant such as buildings, construction, financial services, housing and real estate. Big 4 audit firms retained their clients because of their industry specialization and brand name. Evidence was found that good knowledge of accounting and auditing standards resulted in audit firms with international affiliation competing with the Big 4 for clients' retention and growth.Originality/value - This study contributes to the existing literature, as it is among the first to provideempirical evidence on auditor retention, growth and auditor' s dominance in an emerging economy such as Egypt.
Author: Mohamed A. Hegazy Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Purpose - This study aims to investigate the implications of audit industry specialization on auditor's retention and growth within an emerging economy. Factors such as whether the firm is a Big 4, a firm with international affiliation, a local firm and the type of industry were studied to analyse the reasons behind audit firm retention and growth.Design/methodology/approach - This research is based on a field study related to audit firmsproviding services to listed companies in an emerging economy. The sample includes the top 100 publicly held companies' in the Egyptian stock market during 2006-2011 for which their annual reports are analysed to determine the audit firms' retention and growth. An assessment of the continuity of the auditors and theincrease in the number of audit clients were also measured.Findings - The results confirm that industry specialization has an important effect on the auditor' sretention, especially for industries where capital investment is significant such as buildings, construction, financial services, housing and real estate. Big 4 audit firms retained their clients because of their industry specialization and brand name. Evidence was found that good knowledge of accounting and auditing standards resulted in audit firms with international affiliation competing with the Big 4 for clients' retention and growth.Originality/value - This study contributes to the existing literature, as it is among the first to provideempirical evidence on auditor retention, growth and auditor' s dominance in an emerging economy such as Egypt.
Author: Dr. Rajnish Kumar Publisher: ISBN: Category : Languages : en Pages :
Book Description
This paper examines whether the Big-Four audit firms charge higher auditor fees as compared to other audit firms in the emerging economy, using India as a case. The paper also investigates whether there is distinction between the Big-Four audit firms. The results in the paper are established using linear regression as well as propensity score matching framework for 200 randomly selected companies listed on National Stock Exchange for the period from 2001-02 to 2012-13. The analysis reveals that the Big-Four audit firms charge audit and non-audit fees premium from their client and the provision of non-audit services by the audit firms leads to increased audit fee premium. It is also established that Big-Four audit fee premium is general phenomenon rather being specific to any one particular Big-Four as has been established for other countries in the literature, suggesting brand-value reputation hypothesis rather than industry specialization or market leadership hypotheses.
Author: Keith A. Houghton Publisher: ANU E Press ISBN: 192166651X Category : Business & Economics Languages : en Pages : 773
Book Description
At a time when increased independence requirements for auditors, legal backing for auditing standards, and increased audit documentation requirements have occurred, this book examines key issues in the market for audit services in Australia. It investigates issues including: the understandability of audit and the state of the audit expectations gap; auditors' business acumen and industry expertise; the auditors' use of materiality; whether or not the increasingly prescriptive nature of auditing is creating a distraction from the 'real' audit task and stifling auditors' judgement; whether or not CLERP 9 reforms involving audit partner rotation and restrictions on non-audit service provision are efficient and effective and reactions to the increasing scrutiny of auditors and audit firms by regulators. With its thorough coverage of contemporary issues, this book intersperses the authors' summaries, interpretations and recommendations with the perceptions, expressed in their own words in order to faithfully convey their candid assessments, of users of audit reports, purchasers and suppliers of the audit product, auditing standard setters and regulators of the audit market.
Author: David Hay Publisher: Routledge ISBN: 1136210342 Category : Business & Economics Languages : en Pages : 504
Book Description
Auditing has been a subject of some controversy, and there have been repeated attempts at reforming its practice globally. This comprehensive companion surveys the state of the discipline, including emerging and cutting-edge trends. It covers the most important and controversial issues, including auditing ethics, auditor independence, social and environmental accounting as well as the future of the field. This handbook is vital reading for legislators, regulators, professionals, commentators, students and researchers involved with auditing and accounting. The collection will also prove an ideal starting place for researchers from other fields looking to break into this vital subject.
Author: Shahzad Uddin Publisher: Emerald Group Publishing ISBN: 0857244515 Category : Business & Economics Languages : en Pages : 310
Book Description
Includes research papers that examines various issues including the adoption of International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSASs), management accounting change in the context of public sector reforms, corporate reporting disclosures, auditing, etcetera.
Author: Krish Bhaskar Publisher: Routledge ISBN: 1000007863 Category : Business & Economics Languages : en Pages : 144
Book Description
Focussing on the dominance of the Big Four auditing firms – PwC, EY, Deloitte and KPMG – this concise volume provides an authoritative critical assessment of the state and future of the audit market, currently the subject of much debate and the focus of significant government enquiries. Drawing on extensive research and a vast collection of evidence from interviews with insiders, experts and users, it explores the key issues of audit quality, independence, choice and the growing expectation gap. Just as disruptive technologies are overturning other established sectors, this book explores their impact on accounting, financial reporting and auditing. It questions whether the Big Four-dominated audit market is prepared not only for the inevitable disruption of new technologies, but also the challenges of negative public perceptions, cynicism about regulation and demands for greater transparency. In the context of increasing high-profile corporate failures, this book provides a compelling scrutiny of the industry’s failings and present difficulties, and the impact of future disruption. At this crucial time, it will be of great interest to students, researchers and professionals in accounting and auditing, as well as policy makers and regulators.
Author: Mohamed A. Hegazy
Author: Mohamed A. Hegazy
Author: Dr. Rajnish Kumar
Author: Ignace de Beelde
Author: Leonard W. Weiss
Author: Keith A. Houghton
Author: David Hay
Author: Shahzad Uddin
Author: Michael Firth
Author: Ali R. Almutairi
Author: Krish Bhaskar