The auditor as an element of in- and external corporate governance theoretical findings in the German two tier system

Abstract

This article is focused on the assisting role and gatekeeper function of the external auditor in the German two tier system. From on an agency-theoretical view, the auditor is part of the in- and external corporate governance. Conflicts of interests may arise from different tasks of the assisting role and gatekeeper function of the auditor, influencing the quality of the in- and external audit. Thus, future research is needed to provide theoretical foundation of the auditor’s assisting role for the benefit of the shareholders

The link between in- and external rotation of the auditor and the quality of financial accounting and external audit

“…The relationship between auditor and capital market is reflected in the gatekeeper function according to Kraakman (1986) and Coffee (2006). Also, the auditor is meant to support the supervisory body or audit committee in supervising the management (assistant role) (Freidank et al (2009);Velte (2010), p. 451 f.; Velte and Weber (2011), p. 225).…”

City Government Intervention in Gampong Budgeting: Case Study in Banda Aceh, Indonesia

“…Based on existing laws and regulations, the Camat (local term for Head of District, a third-level administrative subdivision below Regencies and Cities) as an extension of the Mayor's task is to conduct an evaluation of the Village Revenue and Expenditure Budget Plan, while the Inspectorate conducts an audit of the Village Revenue and Expenditure Budget 's accountability report, so that it has the role of an "external auditor". Regional inspectorates are not part of the village and are accountable to City Government to supervise the activities of the village management and as a part of proving that the performance of the village is in accordance with the interests of the City Government (Freidank et al, 2009). The contractual relationship resulting from the laws and regulations between the principal (City Government) and the Gampong Government (as agent) can cause agency problems, if the City Government suppresses and implements discretion in the form of inconsistency over regulations and policies in the gampong, which causes confusion in the Gampong Government in implementing policies issued by City Government (Satriajaya, et.…”