Learning by Doing? La experiencia en auditoría del socio auditor y la calidad de los servicios de auditoría

Learning by Doing? Partners Audit Experience and the Quality of Audit Services

Autores/as

DOI: https://doi.org/10.6018/rcsar.366921
Palabras clave: auditor individual, experiencia del cliente, experiencia de la industria, experiencia generica en auditoría, calidad de la auditoria

Resumen

A pesar de la evidencia que sugiere que el conocimiento especializado debería resultar más relevante que el genérico para explicar diferentes niveles de calidad de auditoría asociados a los auditores individuales, ningún estudio hasta la fecha ha abordado el posible impacto diferencial de la experiencia genérica y específica en la calidad de los servicios de auditoría. Nuestro estudio investiga esta cuestión en el mercado de auditoría español. Aproximamos la calidad de la auditoría a partir de los ajustes de devengo discrecionales y la opinión del informe de auditoría; diferenciando entre experiencia específica con el propio cliente, experiencia sectorial y experiencia de auditoría genérica. Como se esperaba, los resultados muestran una mayor calidad de auditoría cuando el cliente es auditado por un socio con mayor experiencia en el sector de actividad del cliente. También observamos que ni la experiencia específica con el propio cliente, ni la experiencia genérica de auditoría del socio auditor son determinantes significativos de la calidad de los servicios de auditoría. Por otro lado, mientras que algunos estudios previos señalan que el conocimiento especializado resulta más relevante que el genérico para explicar la calidad de los servicios de auditoría, este trabajo sugiere que el conocimiento especializado es, de hecho, el único tipo de conocimiento que resulta relevante. Estos resultados pueden tener implicaciones interesantes para las firmas de auditoría.

Descargas

Los datos de descargas todavía no están disponibles.

Citas

Ackerman, P. L. (1987). Individual differences in skill learning: An integration of psychometric and information processing perspectives. Psychological Bulletin, 102, 3−27.

Anthony, J. H., & Ramesh, K. (1992). Association between accounting performance measures and stock prices. Journal of Accounting and Economics, 15(2-3), 203--227. https://doi.org/10.1016/0165-4101(92)90018-W

Ashbaugh, H., LaFond, R., & Mayhew, B.W. (2003). Do nonaudit services compromise auditor independence? Further evidence. The Accounting Review, 78(3), 611--639. https://doi.org/10.2308/accr.2003.78.3.611

Becker, C. L., DeFond, M. L., Jiambalvo J. J., & Subramanyam, K. R. (1998). The effect of audit quality on earnings management. Contemporary Accounting Research, 15(1), 1--24. https://doi.org/10.1111/j.1911-3846.1998.tb00547.x

Bedard, J. (2012). Discussion of "Audit partner specialization and audit fees: Some evidence from Sweden". Contemporary Accounting Research, 29(1), 341-348. https://doi.org/10.1111/j.1911-3846.2011.01153.x

Carcello, J. V., Hermanson, D. R., & Fuss, H. F. (1995). Temporal changes in bankruptcy-related reporting. AUDITING: A Journal of Practice & Theory, 14(2), 133--143.

Carcello, J.V. & Nagy, A.L. (2004). Client size, auditor specialization and fraudulent financial reporting. Managerial Auditing Journal, 19(5), pp. 651-668.

Carey, P., & Simnett, R. (2006). Audit partner tenure and audit quality. The Accounting Review, 81(3), 653--676. https://doi.org/10.2308/accr.2006.81.3.653

Chen, C. Y., Lin, C. J., & Lin, Y. C. (2008). Audit partner tenure, audit firm tenure, and discretionary accruals: Does long auditor tenure impair earnings quality? Contemporary Accounting Research, 25(2), 415--445. https://doi.org/10.1506/car.25.2.5

Chi, H. Y., & Chin, C. L. (2011). Firm versus partner measures of auditor industry expertise and effects on auditor quality. AUDITING: A Journal of Practice & Theory, 30(2), 201--229. https://doi.org/10.2308/ajpt-50004

Chi, M. T. H., Glaser, R., & Rees, E. (1982). Expertise in problem solving. In R. Sternberg, (Ed). Advances in the Psychology of Human Intelligence (pp. 7--75). Hillsdale, NJ: Erlbaum.

Chi, W., & Huang, H. (2005). Discretionary accruals, audit-firm tenure and audit-partner tenure: Empirical evidence from Taiwan. Journal of Contemporary Accounting and Economics, 1(1), 65--92. https://doi.org/10.1016/S1815-5669(10)70003-5

Chi, W., Myers, L. A., Omer, T. C., & Xie, H. (2017). The effects of audit partner pre-client and client-specific experience on audit quality and on perceptions of audit quality. Review of Accounting Studies, 22(1), 361-391. https://link.springer.com/article/10.1007/s11142-016-9376-9

Chin, C. L., & Chi, H. Y. (2009). Reducing restatements with increased industry expertise. Contemporary Accounting Research, 26(3), 729--765. https://doi.org/10.1506/car.26.3.4

Cohen, W. M., & Levinthal, D. A. (1990). Absorptive capacity: A new perspective on learning and innovation. Administrative Science Quarterly, 35(1), 128-152. https://www.jstor.org/stable/2393553

DeAngelo, L. E. (1981). Auditor size and audit quality. Journal of Accounting and Economics, 3(3), 183--199. https://doi.org/10.1016/0165-4101(81)90002-1

Dechow, P. M., Sloan, R. G. & Sweeney, A. P. (1995). Detecting earnings management. The Accounting Review, 70(2), 193--225. https://www.jstor.org/stable/248303

Ellis, H. (1965 New York The Transfer of Learning. New York: Macmillan Company.

Ericsson, K. A., Krampe, R. T., & Tesch-Römer, C. (1993). The role of deliberate practice in the acquisition of expert performance. Psychological Review, 100(3), 363-406.

Fargher, N., Lee, H., & Mande, V. (2008). The effect of audit partner tenure on client managers' accounting discretion. Managerial Auditing Journal, 23(2), 161--186. https://doi.org/10.1108/02686900810839857

Ferguson, A., Francis, J. R., & Stokes, D. J. (2003). The effects of firm-wide and office-level industry expertise on audit pricing. The Accounting Review, 78(2), 429-448. https://doi.org/10.2308/accr.2003.78.2.429

Fisher, M. L., & Ittner, C. D. (1999). The impact of product variety on automobile assembly operations: Empirical evidence and simulation analysis. Management Science, 45(6), 771--786. https://doi.org/10.1287/mnsc.45.6.771

Francis, J. R., Maydew, E. L., & Sparks, H. C. (1999). The role of Big 6 auditors in the credible reporting of accruals. AUDITING: A Journal of Practice & Theory, 18(2), 17--34. https://doi.org/10.2308/aud.1999.18.2.17

Francis, J. R., & Wang, D. (2008). The joint effect of investor protection and big 4 audits on earnings quality around the world. Contemporary Accounting Research, 25(1), 157-191. https://doi.org/10.1506/car.25.1.6

Frankel, R. M., Johnson, M. F., & Nelson, K. K. (2002). The relation between auditors' fees for nonaudit services and earnings management. The Accounting Review, 77(s-1), 71--105. https://doi.org/10.2308/accr.2002.77.s-1.71

Frensch, P. A., & Sternberg, R. J. (1989). Expertise and intelligent thinking: When is it worse to know better? In R. J. Sternberg (Ed.), Advances in the Psychology of Human Intelligence (pp. 157--188). Hillsdale, NJ: Erlbaum.

Garcia-Blandon, J., & Argiles-Bosch, J. M. (2017). The interaction effects of firm and partner tenure on audit quality. Accounting and Business Research, 47(7), 810-830. https://doi.org/10.1080/00014788.2017.1289073

Garcia-Blandon, J., & Argiles‐Bosch, J. M. (2018). Audit partner industry specialization and audit quality: Evidence from Spain. International Journal of Auditing, 22(1), 98-108. https://doi.org/10.1111/ijau.12107

Glaser, R., & Chi, M. T. H. (1988). Overview. In M. T. H. Chi, R. Glaser, & M. J. Farr, (Eds.), The Nature of Expertise (pp. xv--xxviii). Hillsdale, NJ: Erlbaum.

Goodwin, J., & Wu, D. (2014). Is the effect of industry expertise on audit pricing an office-level or a partner-level phenomenon? Review of Accounting Studies, 19(4), 1532-1578. https://link.springer.com/article/10.1007/s11142-014-9285-8

Gul, F. A., Fung, S. Y. K., & Jaggi, B. (2009). Earnings quality: Some evidence on the role of auditor tenure and auditors' industry expertise. Journal of Accounting and Economics, 47(3), 265--287. https://doi.org/10.1016/j.jacceco.2009.03.001

Gul, F. A., Wu, D., & Yang, Z. (2013). Do individual auditors affect audit quality? Evidence from archival data. The Accounting Review, 88(6), 1993-2023. https://doi.org/10.2308/accr-50536

Healy, P. (1996). Discussion of a market-based evaluation of discretionary accrual models. Journal of Accounting Research, 34(supplement), 107--115. https://www.jstor.org/stable/2491428

Ittonen, K., Johnstone, K., & Myllymäki, E. R. (2015). Audit partner public-client specialisation and client abnormal accruals. European Accounting Review, 24(3), 607-633. https://doi.org/10.1080/09638180.2014.906315

Johnson, V. E., Khurana, I. K., & Reynolds, J. K. (2002). Audit-firm tenure and the quality of financial reports. Contemporary Accounting Research, 19(4), 637--660. https://doi.org/10.1506/LLTH-JXQV-8CEW-8MXD

Jones, J. J. (1991). Earnings management during import relief investigation. Journal of Accounting Research, 29(2), 193--228. https://www.jstor.org/stable/2491047

Knechel, W. R. (2000). Behavioral research in auditing and its impact on audit education. Issues in Accounting Education, 15(4), 695-712. https://doi.org/10.2308/iace.2000.15.4.695

Knechel, W. R., Vanstraelen, A., & Zerni, M. (2015). Does the identity of engagement partners matter? An analysis of audit partner reporting decisions. Contemporary Accounting Research, 32(4), 1443-1478. https://doi.org/10.1111/1911-3846.12113

Kwon, S. Y., Lim, C. Y., & Tan, P. M. S. (2007). Legal systems and earnings quality: The role of auditor industry specialization. Auditing: A Journal of Practice & Theory, 26(2), 25-55. https://doi.org/10.2308/aud.2007.26.2.25

Lapre, M. A., Mukherjee, A. S., & Van Wassenhove, L.N. (2000). Behind the learning curve: Linking learning activities to waste reduction. Management Science, 46(5), 597--611. https://doi.org/10.1287/mnsc.46.5.597.12049

Libby, R., & Luft, J. (1993). Determinants of judgment performance in accounting settings: ability, knowledge, motivation, and environment. Accounting, Organizations and Society, 18(5), 425-450. https://doi.org/10.1016/0361-3682(93)90040-D

Lys, T., & Watts, R. L. (1994). Lawsuits against auditors. Journal of Accounting Research, 32(supplement), 65--93. https://www.jstor.org/stable/2491440

Manry, D. L., Mock, T. J., & Turner, J. L. (2008). Does increased audit partner tenure reduce audit quality? Journal of Accounting, Auditing & Finance, 23(4), 553--572. https://doi.org/10.1177/0148558X0802300406

Mautz, R. K. & Sharaf, H. A. (1961). The Philosophy of Auditing. American Accounting Association.

Myers, J. N., Myers, L. A., & Omer, T. C. (2003). Exploring the term of the auditor-client relationship and the quality of earnings: A case for mandatory auditor rotation? The Accounting Review, 78(3), 779--799. https://doi.org/10.2308/accr.2003.78.3.779

Mora, A., & Sabater, A. (2008). Evidence of income-decreasing earnings management before labor negotiations within firms. Investigaciones Economicas, 32, 201-230. https://www.redalyc.org/html/173/17332203/

Nagy, A. L. (2014). Audit partner specialization and audit fees. Managerial Auditing Journal, 29(6), 513--526. https://doi.org/10.1108/MAJ-11-2013-0966

Numan, W., & Willekens, M. (2012). An empirical test of spatial competition in the audit market. Journal of Accounting and Economics, 53(1), 450--465. https://doi.org/10.1016/j.jacceco.2011.10.002

Patel, V. L., & Groen, G. J. (1991). The general and specific nature of medical expertise: A critical look. In K. A. Ericsson & J. Smith (Eds.), Toward a General Theory of Expertise (pp. 93-125). Cambridge, England: Cambridge University Press.

Reid, C. D., & Youngman, J. F. (2017). New audit partner identification rules may offer opportunities and benefits. Business Horizons, 60(4), 507-518. https://doi.org/10.1016/j.bushor.2017.03.008

Schilling, M. A., Vidal, P., Ployhart, R. E., & Marangoni, A. (2003). Learning by doing something else: Variation, relatedness, and the learning curve. Management Science, 49(1), 39-56. https://doi.org/10.1287/mnsc.49.1.39.12750

Shu, S. (2000). Auditor resignations: clientele effects and legal liability. Journal of Accounting and Economics, 29(2), 173--205. https://doi.org/10.1016/S0165-4101(00)00019-7

Sloan, R. (1996). Do stock prices fully reflect information in accruals and cash flows about future earnings? The Accounting Review, 71(3), 289--315. https://www.jstor.org/stable/248290

Sonu, C. H., Choi, A., Lee, J., & Ha, W. (2016). Audit partner's length of audit experience and audit quality: evidence from Korea. Asia-Pacific Journal of Accounting & Economics, forthcoming. https://doi.org/10.1080/16081625.2016.1242428

Wang, X., Wang, Y., Yu, L., Zhao, Y., & Zhang, Z. (2015). Engagement audit partner experience and audit quality. China Journal of Accounting Studies, 3(3), 230-253. https://doi.org/10.1080/21697213.2015.1055776

Watts, R. L., & Zimmerman, J. L. (1986). Positive Accounting Theory. Prentice Hall International.

Ye, P., Carson, E., & Simnett, R. (2011). Threats to auditor independence: The impact of relationship and economic bonds. AUDITING: A Journal of Practice & Theory, 30(1), 121--148. https://doi.org/10.2308/aud.2011.30.1.121

Zerni, M. (2012). Audit partner specialization and audit fees: Some evidence from Sweden. Contemporary Accounting Research, 29(1), 312--340. https://doi.org/10.1111/j.1911-3846.2011.01098.x

Zmijewski, M. E. (1984). Methodological issues related to the estimation of financial distress prediction models. Journal of Accounting Research, 22(supplement), 59--82. https://www.jstor.org/stable/2490859

Publicado
01-07-2020
Cómo citar
García-Blandon, J., Argilés-Bosch, J. M., & Ravenda, D. (2020). Learning by Doing? La experiencia en auditoría del socio auditor y la calidad de los servicios de auditoría: Learning by Doing? Partners Audit Experience and the Quality of Audit Services. Revista De Contabilidad - Spanish Accounting Review, 23(2), 197-209. https://doi.org/10.6018/rcsar.366921
Número
Sección
Artículos