Please use this identifier to cite or link to this item: http://hdl.handle.net/2445/108142
Title: Audit partner tenure and independence in a low litigation risk setting
Author: García Blandón, Josep
Argilés Bosch, Josep M.
Keywords: Auditoria
Empreses auditores
Legislació
Anàlisi de regressió
Auditing
Accounting firms
Legislation
Regression analysis
Issue Date: 2016
Publisher: Taylor & Francis Online
Abstract: We investigate whether long audit partner tenures impair auditor independence, as proxied by the opinion of the audit report, with a sample of Spanish companies for the period: 2002-2010. The Spanish audit market constitutes an ideal setting in which to address this issue, as it is characterized by unusually lengthy engagements with the audit firm. The motivation relies, on the one hand, on the current discussion about the necessity to reinforce the independence of auditors and, on the other hand, on the very limited available research at the partner level. The main result is the lack of significant effects of partner tenure on independence. This finding is robust to various checks. Unlike prior research, we also address the joint effects of firm and partner tenure on independence. Results indicate that partner tenure does not compromise independence, even under long or extremely long audit firm tenures. These findings might have some interesting policy implications, in particular for the intense current debate on auditor rotation regimes which is taking place within the European Union.
Note: Versió postprint del document publicat a: https://doi.org/10.1080/17449480.2016.1244340
It is part of: Accounting in Europe, 2016, vol. 13, num. 3, p. 405-424
Related resource: https://doi.org/10.1080/17449480.2016.1244340
URI: http://hdl.handle.net/2445/108142
ISSN: 1744-9480
Appears in Collections:Articles publicats en revistes (Empresa)

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