Impact de l'obligation de rotation dans le domaine de l'audit sur les secteurs public et parapublic wallons
Huynen, Nicolas
Promotor(s) : Palm, Alexis
Date of defense : 3-Sep-2019/10-Sep-2019 • Permalink : http://hdl.handle.net/2268.2/7873
Details
Title : | Impact de l'obligation de rotation dans le domaine de l'audit sur les secteurs public et parapublic wallons |
Translated title : | [en] Impact of the mandatory rotation in the audit sector on the public and parapublic sectors in Wallonia |
Author : | Huynen, Nicolas |
Date of defense : | 3-Sep-2019/10-Sep-2019 |
Advisor(s) : | Palm, Alexis |
Committee's member(s) : | Hermans, Michel
Xhauflair, Virginie |
Language : | French |
Number of pages : | 128 |
Keywords : | [en] audit [en] mandatory audit firm rotation [en] Wallonia [en] audit quality [en] auditor independence |
Discipline(s) : | Business & economic sciences > Accounting & auditing |
Target public : | Researchers Professionals of domain Student General public |
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] In the early 2000’s, because of some huge scandals such as Enron (2001) and WorldCom (2002), the audit profession has been widely criticized. New rules and standards appeared all around the world to improve the auditor independence and the audit quality. In Wallonia, in 2006, the “BCG scandal”, among other similar scandals, led the authorities to reform the audit profession. Consequently, the Walloon Government promulgated a new decree, the decree of 30 April 2009. This decree aspires to improve the auditor independence and the audit quality by applying the mandatory external rotation for the audit firms active in the public market in Wallonia. But this measure have led to a lot of controversy.
This master thesis, entitled “Impact of the mandatory rotation in the audit sector on the public and parapublic sector in Wallonia”, analyses those several controversial opinions in order to determine the real efficiency of this measure.
Throughout this thesis, we will clarify some important theoretical aspects, review some other researches and collect some data and professional opinions, through interviews with auditors and public entities’ members, in order to analyze the impact of the mandatory rotation on the audited public entities.
On the basis of our findings and analysis, we will notice different impacts on auditor independence and audit quality. On the one hand, the mandatory audit firm rotation seems to improve the perceived independence and the audit quality thanks to the new perspectives provided by this measure. On the other hand, this measure seems to generate some serious disadvantages, as the lack of specialization, the workload increase and the cost increase. These matters will be covered and analyzed in this thesis.
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