Dans quelles mesures la rotation externe des cabinets d'audit et la limitation des services autres que d'audit amélioreraient-elles l'indépendance de l'auditeur et la qualité de l'audit ?
Promotor(s) : Antonelli, Cédric
Date of defense : 28-Jun-2016/23-Jun-2016 • Permalink :
|Title :||Dans quelles mesures la rotation externe des cabinets d'audit et la limitation des services autres que d'audit amélioreraient-elles l'indépendance de l'auditeur et la qualité de l'audit ?|
|Translated title :||[en] To what extent would the mandatory audit firm rotation and the limitation of non-audit services improve the auditor independence and the audit quality?|
|Author :||Marquet, Sophie|
|Date of defense :||28-Jun-2016/23-Jun-2016|
|Advisor(s) :||Antonelli, Cédric|
|Committee's member(s) :||Focant, Michaël
|Number of pages :||125|
|Keywords :||[fr] Qualité de l'audit|
[fr] Indépendance du réviseur d'entreprises
[fr] Limitation des services non-audit
[fr] Rotation externe obligatoire
|Discipline(s) :||Business & economic sciences > Accounting & auditing|
|Target public :||Other|
Professionals of domain
|Institution(s) :||Université de Liège, Liège, Belgique|
|Degree:||Master en sciences de gestion, à finalité spécialisée en Financial Analysis and Audit|
|Faculty:||Master thesis of the HEC-Ecole de gestion de l'Université de Liège|
[en] The audit efficiency has been reconsidered since scandals came to light, such as Enron (2001) and WorldCom (2002), along with the 2008 financial crisis, which also rose awareness about the topic. Therefore, several countries have tried to establish measures in order to improve auditor independence and audit quality.
Consequently, the European Commission, through Commissioner Barnier's impulsion, published a Green Paper in 2010, as well as a directive and a regulation in 2014, aiming to reform the audit market in the European Union. Two important measures of the regulation are the mandatory audit firm rotation every ten years and the limitation of non-audit services. Since they were brought forward, these rules have led to a lot of controversy. While some are delighted with their arrival, others are worried that they represent a danger for the audit profession.
This master thesis, entitled “To what extent would the mandatory audit firm rotation and the limitation of non-audit services improve the auditor independence and the audit quality?”, analyses theses various outlooks in order to determine threats and opportunities resulting from these two measures. In other words, this survey evaluates the real efficiency of mandatory audit firm rotation and the limitation of non-audit services in the European Union.
After clarifying different theoretical aspects, we will go deeper into the topic through interviews with auditors and specialists in order to compare the theoretical part to the field.
On the basis of theoretical and practical analysis, our findings show that these measures would have different impact on auditor independence and audit quality. On the one hand, the mandatory audit firm rotation would strengthen auditor independence but would likely reduce audit quality. Indeed, threats linked to this measure are legion and they might jeopardize audit quality. On the other hand, the limitation of non-audit services would improve both auditor independence and audit quality.
Cite this master thesis
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