Joint Audit: Issues and Challenges for Researchers and Policy-Makers

Ratzinger‐Sakel, Nicole V.S.; Audousset-Coulier, Sophie; Kettunen, Jari; Lesage, Cédric

doi:10.1080/17449480.2013.834725

Cited by 59 publications

(63 citation statements)

References 45 publications

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“…Specifically, joint audits are formally mandated by Article 223–3 of the legislation pertaining to commercial firms. On March 1, 1984, Article 823–2 of the French commercial code extended the joint‐audit requirement to all companies that prepare consolidated financial statements (Ratzinger‐Sakel, Audousset‐Coulier, Kettunen, & Lesage, ).…”

Section: The French Institutional Settingmentioning

confidence: 99%

Gender‐diverse audit partners and audit fee premium: The case of mandatory joint audit

Nekhili

Javed

Chtioui³

2018

Int J Auditing

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This study empirically investigates the impact of auditor gender on audit fees in a unique audit regulatory environment, namely France, where joint audit is mandatory by law. Apart from the fact that male and female auditor engagement partners have distinctive behaviors and style, the question also arises at to whether coordination problems between two competing audit firms are exacerbated or mitigated by the presence of a female auditor in the joint auditor pair composition. This issue could be more challenging in the context of International Financial Reporting Standards adoption, which increases audit task complexity, audit risk, and audit effort required for an audit engagement. Using a matched sample of firms from the CAC All‐Shares Index listed on Euronext Paris from 2002 to 2010, we find that, when a female auditor is paired with a male auditor, the difference in audit fees stems not only from the presence of the female auditor partner but also from male–female interaction within the joint auditor pair composition. In a supplementary analysis, we show that the impact on audit fees of both the presence of a female partner and male–female auditor interaction is dependent, but in a different way, on the number of Big 4 audit firms in the auditor pair composition.

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Section: The French Institutional Settingmentioning

confidence: 99%

Gender‐diverse audit partners and audit fee premium: The case of mandatory joint audit

Nekhili

Javed

Chtioui³

2018

Int J Auditing

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“…This legal requirement has existed since 1966 for listed companies and for non‐listed companies with a share capital value exceeding a certain threshold; and has been in force since 1984 for all companies preparing consolidated financial statements (Ratzinger‐Sakel et al , ).…”

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confidence: 99%

Audit Quality Perception: Beyond the ‘Role‐Perception Gap’

2016

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This paper measures differences in the perception of audit quality between professionals, and attempts to categorise the professionals on the basis of their perceptions. We firstly perform a REBUS‐PLS analysis. We thus identify three groups of professionals with different audit quality perceptions. We then run chi‐square tests to evaluate differences in perception depending firstly on the professional's role in the audit process (auditor vs. preparer) and then by incorporating other variables connected with the individuals’ own characteristics. Contrary to existing research, our study reveals no significant differences in perception between auditors and preparers. In contrast, our study indicates that differences in audit quality perception can be explained in particular by the professionals' level of expertise and the existence of shared values among professionals. This study therefore demonstrates the need to look beyond the ‘role‐perception gap’ in order to understand differences in audit quality perception. It confirms the existence of an ‘epistemic community’ that explains the differences in audit quality perception.

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“…Joint audit can be defined as an audit in which financial statements are audited and certified by two or more independent auditors in a way that involves: coordination of the audit planning; shared audit effort; cross reviews and mutual quality controls; and issuance of one single auditor's report signed by the auditors who are jointly liable (Ratzinger-Sakel et al, 2013). In France, joint audit has been mandated since 1966.…”

Section: Joint Audit and Financial Scandal: A Brief Reviewmentioning

confidence: 99%

Joint audit and financial scandal: The case of the French context

Azibi¹

2018

Int. j. adv. appl. sci.

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The European Commission issued a proposal that encouraged the practice of joint audit on a voluntary basis. It recommended that mandatory audit firm rotation is extended from six years to nine years if joint audits are performed. This is considered as a new mechanism that increases audit quality and auditor independence. This new orientation of the EC Green Paper has an important impact on investor perception during the financial scandal announcement. In order to answer this question, we investigate the stock market reaction of SBF 250 after the disclosure of the financial scandal in presence of joint audit. Our sample is composed of 140 French listed enterprises. We use event study method and OLS regression. The empirical results demonstrate that the stock market of Non Big-Four clients does not significantly react compared to the firms audited by at least one Big Four in France. Contrary to this finding, the stock market reaction of the firms audited by two Big Four was significantly reacted compared to the enterprises audited by one Big at least in France. Those results demonstrate that joint audit with at least one Non-Big encouraged and especially in the Financial scandal periods and resolve the problem associated with the audit market concentration.

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Joint Audit: Issues and Challenges for Researchers and Policy-Makers

Cited by 59 publications

References 45 publications

Gender‐diverse audit partners and audit fee premium: The case of mandatory joint audit

Gender‐diverse audit partners and audit fee premium: The case of mandatory joint audit

Audit Quality Perception: Beyond the ‘Role‐Perception Gap’

Joint audit and financial scandal: The case of the French context

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