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HEC-Ecole de gestion de l'Université de Liège
HEC-Ecole de gestion de l'Université de Liège
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Pour les entités d'intérêt public en Belgique, existe-t-il d'autres systèmes viables de rétribution et de nomination des services d'audit dans l'économie actuelle qui permettraient d'améliorer la qualité de l'audit et l'indépendance des auditeurs ?

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Zentar, Adil ULiège
Promotor(s) : Garrais, Grace ULiège
Date of defense : 18-Jun-2024/25-Jun-2024 • Permalink : http://hdl.handle.net/2268.2/20259
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Title : Pour les entités d'intérêt public en Belgique, existe-t-il d'autres systèmes viables de rétribution et de nomination des services d'audit dans l'économie actuelle qui permettraient d'améliorer la qualité de l'audit et l'indépendance des auditeurs ?
Translated title : [en] For public interest entities in Belgium, are there other viable systems for the remuneration and appointment of audit services in the current economy that would improve the quality of the audit and the independence of the auditors?
Author : Zentar, Adil ULiège
Date of defense  : 18-Jun-2024/25-Jun-2024
Advisor(s) : Garrais, Grace ULiège
Committee's member(s) : Gilles, Christelle 
Language : French
Number of pages : 127
Keywords : [en] Alternative audit systems
[en] Public interest entities
[en] Audit quality
[en] Audit independence
Discipline(s) : Business & economic sciences > Accounting & auditing
Target public : Researchers
Professionals of domain
Student
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

Abstract

[en] Numerous scientific studies have pointed out that the current system of remuneration and appointment in audit, where the audited entity directly compensates and appoints audit firms to verify its annual accounts, can lead to conflicts of interest and compromise auditor independence and audit quality. High fees may incentivize auditors to prioritize client retention, potentially compromising independence and audit quality. Additionally, the current auditor appointment system poses risks such as auditor shopping, where for instance companies strategically replace or retain auditors to conceal accounting irregularities. This thesis aims to analyze alternative systems of remuneration and appointment of audit services that could enhance audit quality and auditor independence. Three alternatives are proposed, the external audit committee option, involving a committee responsible for auditing most public interest entities, the financial statement insurance alternative where entities obtain insurance covering financial statements, with insurers appointing and compensating external auditors and a random selection of auditors for public interest entities from a predefined pool, with fixed remuneration and mandates.


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Access S181434Zentar2024.pdf
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Author

  • Zentar, Adil ULiège Université de Liège > Master sc. gest., fin. spéc. fin. analysis & audit

Promotor(s)

Committee's member(s)

  • Gilles, Christelle
  • Total number of views 127
  • Total number of downloads 53










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