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MASTER THESIS
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Impact de l'obligation de rotation dans le domaine de l'audit sur les secteurs public et parapublic wallons

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Huynen, Nicolas ULiège
Promotor(s) : Palm, Alexis ULiège
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 ULiège
Date of defense  : 3-Sep-2019/10-Sep-2019
Advisor(s) : Palm, Alexis ULiège
Committee's member(s) : Hermans, Michel ULiège
Xhauflair, Virginie ULiège
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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Author

  • Huynen, Nicolas ULiège Université de Liège > Master sc. gest., à fin.

Promotor(s)

Committee's member(s)

  • Hermans, Michel ULiège Université de Liège - ULiège > HEC Liège : UER > Impacts managér. des politiques de mondial. et de communic.
    ORBi View his publications on ORBi
  • Xhauflair, Virginie ULiège Université de Liège - ULiège > HEC Liège : UER > Social Investment and Philanthropy
    ORBi View his publications on ORBi
  • Total number of views 40
  • Total number of downloads 12










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