Vereinbarkeit von Abschlussprüfung und Beratung

Sattler, Matthias

doi:10.1007/978-3-8349-6393-2

Cited by 12 publications

(9 citation statements)

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“…Besides a slight increase for the concentration ratio over time can be determined. Koehler et al (2010), Sattler (2011) and Quick and Sattler (2011) Since the first measurements, an overview manifests a high provider concentration on the German audit market and increasing development over the period of time as a permanent phenomenon, even for the last examined year 2007. On the German audit market, the supplier concentration can be classified as an oligopoly of the Big Four, where in certain industries or market segments even monopoly resp.…”

Section: Germanymentioning

confidence: 99%

Audit Market Concentration and Its Influence on Audit Quality

Velte¹,

Stiglbauer²

2012

IBR

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This paper focuses on audit market concentration of listed firms which is characterized by an oligopoly of "Big Four" audit firms. Hence a state of the art analysis of the status quo of concentration measurement has been conducted on the audit market from an international perspective. Thereby risks and causes of concentration development have been assessed along with the current regulatory proposals of the European Commission (EC). After a discussion of conventional measurement methods of audit market concentration, our paper gives a review of previous empirical results of audit market concentration for EU and non EU-member states. Results show that EC reforms cannot clearly be related to increase audit quality but increasing transaction costs.

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Section: Germanymentioning

confidence: 99%

Audit Market Concentration and Its Influence on Audit Quality

Velte¹,

Stiglbauer²

2012

IBR

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“…Our category, “other NAS” includes all NAS other than assurance NAS and tax NAS. This residual category may include a variety of NAS (e.g., training and consulting with regard to IT systems, expert opinions on managerial problems, financial due diligence, merger and acquisition advice, and bond issue advice) (Sattler, , p. 118; IDW, , p. 776). The other NAS fee information is normally reported as the aggregate without further disclosure of its types.…”

Section: Specifics Of the German Settingmentioning

confidence: 99%

Investors' perceptions of nonaudit services and their type in Germany: The financial crisis as a turning point

et al. 2018

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As a result of mistrust in the auditing profession, legislators and regulators continue to impose restrictions to the joint provision of audit and nonaudit services (NAS) to protect investors' interests. However, investors may perceive NAS differently than legislators, and it is an open question whether a ban on NAS always aligns with investors' interests. Little evidence exists on investors' perceptions of auditor‐provided NAS in the continental European regulatory environment, including Germany. The unique features of the German legal and regulatory environment raise questions of its ability to comfort investors that auditors resist client‐induced biases in financial reporting. To empirically investigate and test this, we use earnings response coefficients (ERC) to measure investors' perceptions of earnings quality and examine the associations between ERC and NAS fees. Surprisingly, we do not find significant associations between ERC and NAS fees for our entire sample period 2005–2015. For further examination, we split the sample before and after the financial crisis in 2008–2009. The findings indicate that, in the pre‐financial crisis period 2005–2007, investors perceive large NAS fees negatively, and this concern also extends to the components of the NAS fees. In contrast, in the post‐financial crisis period 2010–2015, investors perceive large NAS fees positively and favorable perceptions of tax services are the driver of this result. We discuss the findings in light of the regulatory initiatives in the aftermath of the financial crisis, and the recent EU supranational prohibitions of NAS and the German application of these.

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“…Empirical audit research on possible negative impact on the independence and thus lower quality of accounting and audit due to counseling services has gained significance especially in the jurisdictions of the U.S., Asia, and Australia (Schneider, Church, & Ely, 2006). In contrast, there are only a few studies on Continental Europe (e.g., Germany, France) analyzing the impact of an auditor's combined audit and non-audit services on the quality of financial accounting and audit (Sattler, 2011). This is due to the extent of the auditor's counseling service having to be evaluated based on audit fees paid by the client.…”

Section: Surrogates Of Accounting and Audit Qualitymentioning

confidence: 99%

“…The quality of accounting and audit is measured by values which, when considered separately, present a parameter with limited expressiveness. The following parameters are the most frequently used to evaluate the quality of accounting and auditing (Sattler, 2011), earnings management, restatements, market reactions, and going concern opinions. Therefore, a study will have to establish whether an auditor's combined audit and counseling will negatively affect his independence and thus his judgment.…”

Section: Surrogates Of Accounting and Audit Qualitymentioning

confidence: 99%

“…Regarding auditor independence, a distinction is to be made between independence in fact and independence in appearance. While the former represents an auditor's mindset of a hidden real independence (Sattler, 2011), the latter scrutinizes auditor independence as perceived by participants in the capital market. These two versions either match or deviate from each other.…”

Section: Introductionmentioning

confidence: 99%

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EC Proposal of Audit-Only Firms: Discussing the Potential Effects of Breaking the Audit Oligopoly’ on Accounting and Audit Quality

2013

CUBR

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The European Commission (EC) discusses, in its regulation draft of November 30, 2011, the interdiction of combining audit and non-audit services by the external auditor to ensure appropriate accounting and audit quality.Based on the agency-theoretical definition of the auditor's function within corporate governance, results of empirical audit research on the effects of combining audit and non-audit services on accounting and audit quality are laid out in a state-of-the-art analysis to give a policy advice. The study at hand analyzes, whether the interdiction of combining audit and non-audit services has a negative impact on the quality of financial accounting and external audit as the EC assumes. The accounting and audit quality is measured by the variables earnings management, restatements, market reactions, and going concern opinions. So far, audit research provides an inconsistent picture, mainly in the U.S. capital market. A negative impact of an auditor offering audit and non-audit services on the quality of financial accounting and external audit can mainly only be concluded by a few variables (earnings management, market reactions). Those studies which use restatements and going concern opinions as a proxy for accounting and audit quality come to inconsistent results. Consequently, the benefit of the reform measures presently discussed by the EC is arguable. Moreover, so far, there are only a few empirical studies for the EU member states analyzing the impact of combined audit and non-audit services, thus, providing evidence for the necessity of this course of action.

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Vereinbarkeit von Abschlussprüfung und Beratung

Cited by 12 publications

References 0 publications

Audit Market Concentration and Its Influence on Audit Quality

Audit Market Concentration and Its Influence on Audit Quality

Investors' perceptions of nonaudit services and their type in Germany: The financial crisis as a turning point

EC Proposal of Audit-Only Firms: Discussing the Potential Effects of Breaking the Audit Oligopoly’ on Accounting and Audit Quality

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