Análisis empírico de la prima por riesgo de negocio en el mercado de auditoría de pequeñas y medianas firmas auditoras en España

Madrid, José Serrano; Barbadillo, Emiliano Ruiz; Conesa, Isabel Martínez

doi:10.1080/02102412.2013.10779747

Cited by 8 publications

(2 citation statements)

References 49 publications

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“…We build an audit fee model that is similar to the seminal model developed by Simunic (1980), which includes fee determinants that control for auditee size, audit risk and complexity (Causholly, de Martinis, Hay, & Knechel, 2010;Craswell, Francis, & Taylor, 1995;Hay, Knechel, & Wong, 2006or Hay, 2013 and has been successfully applied in the Spanish context by, among others, Carmona and Momparler (2011) and Serrano et al (2013).…”

Section: Fee Modelsmentioning

confidence: 99%

IFRS adoption and audit and non-audit fees: empirical evidence from Spanish listed companies

Barberá

Sierra-Grau

2015

Spanish Journal of Finance and Accounting / Revista Española de

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We analyse trends in inflation-adjusted audit and non-audit fees from 2003 to 2009 with the aim of identifying the impact of International Financial Reporting Standards (IFRS) in Spain, where (a) the shift from national to international accounting standards represented major changes and (b) the implementation process was conducted in 2005 for group accounts of listed companies and 2008 for the individual accounts. To that end, we build a well-tested audit and non-audit fee model based on 2003 and compare the actual with the predicted values had the accounting reforms not taken place. We report unexpected higher audit fees for the group accounts model in the years 2004, 2005 and 2006. A plausible explanation for these results is the incremental audit costs associated with the mandatory IFRS adoption. Similarly, the unexpected increment in 2008 for parent company audit fees is feasibly associated with the new domestic accounting rules. The behaviour of non-audit fees is more erratic and likely influenced by the auditors' independence regulation enacted in 2002. We only identify significant prediction errors in

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Section: Fee Modelsmentioning

confidence: 99%

IFRS adoption and audit and non-audit fees: empirical evidence from Spanish listed companies

Barberá

Sierra-Grau

2015

Spanish Journal of Finance and Accounting / Revista Española de

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“…In this sense, it is interesting to examine how internal audit departments have begun to be implemented in Spanish companies, and how this function has possibly contributed to the reduction of audit costs. In relation to the second phenomena being studied, that is, the possible effect the meetings between the audit committee and internal audit department have on audit fees, this is of interest given that the responsibility for improving the status of the internal audit function within company lies in the audit committee, an aspect that will increase the independence and objectivity of this function (Schneider, 2010). However, as previous studies reveal, the level of control the audit committee has on the internal audit can vary significantly between companies, with the meetings that maintain control resources being one of the main indicators that literature has used to highlight the intensity of control of the audit committee (Raghunandan et al, 2001;Goodwin and Yeo, 2001;Fernández and Arrondo, 2007;García-Sánchez et al, 2012).…”

Section: Introductionmentioning

confidence: 99%

Análisis de la Influencia de la Función de Auditoría Interna sobre las Cuotas de Auditoría

García

Barbadillo

Pérez

2019

RC-SAR

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The aim of this paper is to analyse the relationship between the internal audit function and auditor's fees using a sample of Spanish listed companies between 2003 and 2011. We use the audit fees model that was proposed by Simunic (1980). Our results indicate that fees are greater in those companies that have an internal audit function. In addition, if there are meetings between the audit committee and the internal audit function, this is statistically significant with audit fees. This paper contributes to literature in several ways. Firstly, there are no previous papers in Spain, unlike other contexts, on the relationship between internal audit and auditor fees. Secondly, the empirical results detected in previous studies are conflicting; therefore, there is a need to complement them. Finally, the findings have practical implications for companies, external auditors and regulatory agencies themselves. El objetivo de este trabajo es analizar la relación existente entre la función de auditoría interna y los honorarios del auditor sobre una muestra de empresas que cotizan en el mercado continuo español entre 2003 y 2011. Utilizando el modelo de honorarios de auditoría propuesto por Simunic (1980), los resultados indican que los honorarios de auditoría son mayores en aquellas compañías que cuentan con la existencia de un departamento de auditoría interna. Asimismo, la existencia de reuniones entre el comité de auditoría y la función de auditoría interna es estadísticamente significativa con los honorarios. Este estudio contribuye a la literatura de diversas formas. En primer lugar, no existen trabajos anteriores en España, a diferencia de otros contextos, sobre la relación entre auditoría interna y honorarios. En segundo lugar, los resultados empíricos detectados en estudios previos resultan contradictorios por lo tanto lleva a la necesidad de complementarlos. Finalmente, los resultados tiene implicaciones prácticas para la empresa, los auditores externos y los propios organismos reguladores.

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An exploratory study of the pressures and ethical dilemmas in the audit conflict

Espinosa-Pike

Barrainkua

2016

Revista de Contabilidad

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Análisis empírico de la prima por riesgo de negocio en el mercado de auditoría de pequeñas y medianas firmas auditoras en España

Cited by 8 publications

References 49 publications

IFRS adoption and audit and non-audit fees: empirical evidence from Spanish listed companies

IFRS adoption and audit and non-audit fees: empirical evidence from Spanish listed companies

Análisis de la Influencia de la Función de Auditoría Interna sobre las Cuotas de Auditoría

An exploratory study of the pressures and ethical dilemmas in the audit conflict

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