Permanencia del auditor y calidad de la auditoría en las fundaciones públicas estatales

Auditor tenure and audit quality in Spanish state-owned foundations

Palabras clave: Auditor tenure, Audit quality, Non-profit organizations, Foundations, Logistic regression

Resumen

Este trabajo analiza el impacto de la permanencia del auditor sobre la calidad de la auditoría en las entidades no lucrativas. Esta investigación está motivada por la ausencia de consenso en la literatura sobre esta cuestión y la escasez de estudios realizados en el sector de las entidades no lucrativas. Utilizando una muestra de 254 auditorías llevadas a cabo para el período 2003–2010 sobre fundaciones públicas estatales, observamos que, si bien la calidad de la auditoría de las fundaciones disminuye a medida que la permanencia del auditor aumenta, esta pérdida de calidad no se manifiesta hasta el sexto año de la relación fundación–auditor, ya que en los cinco primeros años la calidad aumenta. La evidencia empírica de esta relación tiene importantes implicaciones para los legisladores y los usuarios ya que sugiere la necesidad de introducir medidas que limiten la duración de la misma y, al mismo tiempo, aseguren una duración mínima.

Descargas

La descarga de datos todavía no está disponible.

Biografía del autor/a

Belén González-Díaz

 

Jovellanos Faculty of Commerce, Tourism and Social Sciences
Laboral-Ciudad de la Cultura
Laboral-Ciudad de la Cultura
Avda. Luis Moya Blanco, 261
Gijón
Asturias
33203
SPAIN

Antonio López

 


SPAIN

Roberto García-Fernández

 

Department of Accounting
Avenida del Cristo, s/n
Avenida del Cristo, s/n
Oviedo
Asturias España
33071
SPAIN

Citas

[Bamber et al., 1993] E.M. Bamber, L.S. Bamber, M.P. Schoderbeck. Audit structure and other determinants of audit report lag: An empirical analysis. Auditing: A Journal of Practice & Theory, 12 (1993), pp. 1-23 http://dx.doi.org/10.1259/bjr.20150251

[Bell and Zimmerman, 2007] J. Bell, S. Zimmerman. Absent the audit: How small nonprofits can demonstrate accountability without one. (2007) http://www.nonprofitquarterly.org/management/1019-absent-the-audit-how-small-nonprofits-can-demonstrate-accountability-without-one.html

[Bellostas et al., 2006] A.J. Bellostas, I. Brusca, J.M. Moneva. Usefulness of non-profit prívate entities financial reporting for management purposes. Revista de Contabilidad, 9 (2006), pp. 87-109

[Calabrese, 2011] T.D. Calabrese. Do donors penalize nonprofit organizations with accumulated wealth?. Public Administration Review, 71 (2011), pp. 859-869

[Carcello and Nagy, 2004] J.V. Carcello, A.L. Nagy. Audit firm and fraudulent financial reporting. Auditing: A Journal of Practice & Theory, 23 (2004), pp. 55-69 http://dx.doi.org/10.1259/bjr.20150251

[Carcello et al., 1995] J.V. Carcello, D.R. Hermanson, H.F. Huss. Audit quality research in the United States. Maandblad voor Accountancy en Bedrijfskunde, 69 (1995), pp. 359-364

[Carey and Simnett, 2006] P. Carey, R. Simnett. Audit partner tenure and audit quality. Accounting Review, 81 (2006), pp. 653-676

[DeAngelo, 1981] L.E. DeAngelo. Auditor size and audit quality. Journal of Accounting and Economics, 3 (1981), pp. 183-199

[DeFond et al., 2002] M. DeFond, K. Raghunandan, K.R. Subramanyam. Do nonaudit service fees impair auditor independence? Evidence from going-concern audit opinions. Journal of Accounting Research, 40 (2002), pp. 1247-1274

[Dehkordi and Makarem, 2011] H.F. Dehkordi, N. Makarem. The effect of size and type of auditor on audit quality. International Research Journal of Finance and Economics, 80 (2011), pp. 121-137

[Deis and Giroux, 1992] D.R. Deis Jr., G.A. Giroux. Determinants of audit quality in the public sector. Accounting Review, 67 (1992), pp. 462-479

[EFC, 2011] EFC, European Foundation Centre. Exploring transparency and accountability regulation of public-benefit foundations in Europe. (2011) http://www.efc.be/programmes_services/resources/Documents/ExploringTransparencyAndAccountabilityRegulationOfPublicBenefitFoundationsInEurope_FINAL.pdf

[Ellis and Booker, 2011] I. Ellis, Q.L. Booker. Audit fee determinants in the nonprofit sector: A study of community action agencies. Journal of Finance and Accountancy, 8 (2011), pp. 1-24 http://www.aabri.com/manuscripts/11917.pdf

[Ewelt-Knauer et al., 2012] C. Ewelt-Knauer, A. Gold, C. Pott. What do we know about mandatory audit firm rotation?. The Institute of Chartered Accountants of Scotland (ICAS), (2012) http://icas.org.uk/mafr/

[Ewelt-Knauer et al., 2013] C. Ewelt-Knauer, A. Gold, C. Pott. Mandatory audit firm rotation: A review of stakeholder perspectives and prior research. Accounting in Europe, 10 (2013), pp. 27-41

[Fitzgerald et al., 2012] B.C. Fitzgerald, A.M. Thompson, T.C. Omer. Audit partner and audit firm rotation and the assessment of internal control deficiencies. Working Paper, Texas A&M University, (2012)

[GBA, 47/2003] General Budgetary Act, 47/2003, November 26[[nl]]Ley 47/2003, de 26 de noviembre, General Presupuestaria].

[Geiger and Raghunandan, 2002] M.A. Geiger, K. Raghunandan. Auditor tenure and audit reporting failures. Auditing: A Journal of Practice & Theory, 21 (2002), pp. 67-78 http://dx.doi.org/10.1259/bjr.20150251

[Ghosh and Moon, 2005] A. Ghosh, D. Moon. Auditor tenure and perceptions of audit quality. Accounting Review, 801 (2005), pp. 585-612

[González et al., 2011] B. González, R. García, A. López. Empirical research on the auditing of public sector foundations in 2001–2007. CIRIEC-España, Revista de Economía Pública, Social y Cooperativa, 71 (2011), pp. 253-277

[González-Díaz et al., 2013] B. González-Díaz, R. García, A. López. Audit reports of public state-owned foundations: Determining factors in audit opinions. Spanish Journal of Finance and Accounting, XLII (2013), pp. 535-560

[Gosman, 1973] M.L. Gosman. Characteristics of firms making accounting changes. Accounting Review, 48 (1973), pp. 1-11

[Government Accountability Office, 2007] GAO, Government Accountability Office. Single audit quality. Actions needed to address persistent audit quality problems. GAO-08-213T, (2007) http://www.gao.gov/assets/120/118289.pdf

[Greenlee et al., 2007] J. Greenlee, M. Fischer, T. Gordon, E. Keating. An investigation of fraud in nonprofits organizations: Occurrences and deterrents. Nonprofit and Voluntary Sector Quarterly, 36 (2007), pp. 676-694

[Gul et al., 2007] F.A. Gul, B.L. Jaggi, G.V. Krishnan. Auditor independence: Evidence on the joint effects of auditor tenure and nonaudit fees. Auditing: A Journal of Practice & Theory, 26 (2007), pp. 117-142 http://dx.doi.org/10.1259/bjr.20150251

[Gunny et al., 2007] K. Gunny, G. Krishnan, T. Zhang. Is audit quality associated with auditor tenure, industry expertise, and fees? Evidence from PCAOB opinions. (2007)

[Hair et al., 1995] J.F. Hair, R.E. Anderson, R.L. Tatham, W.C. Black. Multivariate data analysis with readings. Prentice Hall, (1995)

[IGAE, 2010] IGAE, Intervención General de la Administración del Estado. Fundaciones Estatales. Informe económico-financiero 2008. (2010) http://www.igae.pap.meh.es/sitios/igae/es-ES/ClnPublicaciones/ClnPublicacionesLinea/Documents/Fundaciones%202008/FundacionesEstatalesInformeconomicoFinanciero2008.pdf

[Ireland, 2003] J.C. Ireland. An empirical investigation of determinants of audit reports in the UK. Journal of Business & Accounting, 30 (2003), pp. 975-1015 http://dx.doi.org/10.1093/jme/tju015

[Jackson et al., 2008] A.B. Jackson, M. Moldrich, P. Roebuck. Mandatory audit firm rotation and audit quality. Managerial Auditing Journal, 23 (2008), pp. 420-437

[Jakubowski, 1995] S. Jakubowski. Reporting on the control structures of local government under the single audit act of 1984. Public Budgeting & Finance, 15 (1995), pp. 58-71 http://dx.doi.org/10.1016/j.cnur.2015.05.004

[Johnson et al., 2002] V.E. Johnson, I.K. Khurana, J.K. Reynolds. Audit-firm tenure and the quality of financial reports. Contemporary Accounting Research, 19 (2002), pp. 637-660

[Keasey et al., 1988] K. Keasey, R. Watson, P. Wynarczyk. The small company audit qualification: A preliminary investigation. Accounting and Business Research, 18 (1988), pp. 323-333

[Keating et al., 2005] E.K. Keating, M. Fischer, T.P. Gordon, J. Greenlee. The single audit act: How compliant are nonprofit organizations?. Journal of Public Budgeting, Accounting & Financial Management, 17 (2005), pp. 285-309 http://dx.doi.org/10.1097/HMR.0000000000000071

[Kitching, 2009] K. Kitching. Audit value and charitable organizations. Journal of Accounting and Public Policy, 28 (2009), pp. 510-524

[Knechel and Vanstraelen, 2007] W.R. Knechel, A. Vanstraelen. The relationship between auditor tenure and audit quality implied by going concern opinions. Auditing: A Journal of Practice & Theory, 26 (2007), pp. 113-131 http://dx.doi.org/10.1259/bjr.20150251

[Krishnan and Shauer, 2000] J. Krishnan, P.C. Shauer. The differentiation of quality among auditors: Evidence from the not-for-profit sector. Auditing: A Journal of Practice & Theory, 19 (2000), pp. 9-25 http://dx.doi.org/10.1259/bjr.20150251

[Krishnan et al., 1996] J. Krishnan, J. Krishnan, R.G. Stephens. The simultaneous relation between auditor switching and auditor opinion: An empirical analysis. Accounting and Business Research, 26 (1996), pp. 224-236

[Law, 19/2013] Law, 19/2013, December 9, on transparency, public access to information and good governance[[nl]]Ley 19/2013, de 9 de diciembre, de transparencia, acceso a la información pública y buen gobierno].

[Law, 50/2002] Law, 50/2002, November 23, on Foundations[[nl]]Ley 50/2002, de 23 de noviembre, de Fundaciones].

[Levinthal and Fichman, 1988] D.A. Levinthal, M. Fichman. Dynamics of interorganizational attachments: Auditor–client relationship. Administrative Science Quarterly, 33 (1988), pp. 345-369

[Lim and Tan, 2010] C.Y. Lim, H.T. Tan. Does auditor tenure improve audit quality? Moderating effects of industry specialization and fee dependence. Contemporary Accounting Research, 27 (2010), pp. 923-957

[Lohmann, 2007] R.A. Lohmann. Charity, philanthropy, public service, or enterprise: What are the big questions of nonprofit management today?. Public Administration Review, 67 (2007), pp. 437-444

[López and Peters, 2010] D.M. López, G.F. Peters. Internal control reporting differences among public and governmental auditors: The case of city and county Circular A-133 audits. Journal of Accounting and Public Policy, 29 (2010), pp. 481-502

[Lowensohn et al., 2007] S. Lowensohn, L.E. Johnson, R.J. Elder, S.P. Davies. Auditor specialization, perceived audit quality, and audit fees in the local government audit market. Journal of Accounting and Public Policy, 26 (2007), pp. 705-732

[Maletta and Wright, 1996] M. Maletta, A. Wright. Audit evidence planning: An examination of industry error characteristics. Auditing: A Journal of Practice & Theory, 15 (1996), pp. 71-86 http://dx.doi.org/10.1259/bjr.20150251

[Miján, 2002] A. Miján. Techniques and methods of research in human nutrition. Editorial Glosa, (2002)

[Monroe and Teh, 1993] G.S. Monroe, S.T. Teh. Predicting uncertainty audit qualifications in Australia using publicly available information. Accounting and Finance, 33 (1993), pp. 79-106

[Monterrey and Sánchez-Segura, 2007] J. Monterrey, A. Sánchez-Segura. The effect of the rotation and independence of auditors on the outcomes of Spanish publicly quoted firms. Investigaciones Económicas, 31 (2007), pp. 119-159

[Myers et al., 2003] J.N. Myers, L.A. Myers, T.C. Omer. Exploring the term of the auditor–client relationship and the quality of earnings: A case for mandatory auditor rotation?. Accounting Review, 78 (2003), pp. 779-799

[O’Keefe et al., 1994] T.B. O’Keefe, R.D. King, K.M. Gaver. Audit fees, industry specialization, and compliance with GAAS reporting standards. Auditing: A Journal of Practice & Theory, 13 (1994), pp. 41-55 http://dx.doi.org/10.1259/bjr.20150251

[Petrovits et al., 2011] C. Petrovits, C. Shakespeare, A. Shih. The causes and consequences of internal control problems in nonprofit organizations. Accounting Review, 86 (2011), pp. 325-357

[Richard, 2006] C. Richard. Why an auditor can’t be competent and independent: A French case study. European Accounting Review, 15 (2006), pp. 153-179

[Royal Decree, 1337/2005] Royal Decree, 1337/2005, November 11, which passes regulations on state-owned foundations[[nl]]Real Decreto 1337/2005, de 11 de noviembre, por el que se aprueba el Reglamento de fundaciones de competencia estatal].

[Ruiz et al., 2006] E. Ruiz, N. Gómez, N. Carrera. Empirical evidence on the effect of contract duration on the quality of audits: Analysis of regulations of retention and compulsory rotation of auditors. Investigaciones Económicas, 30 (2006), pp. 283-316

[Sánchez and Sierra, 2001] A. Sánchez, G. Sierra. The audit report and its relationship with corporate characteristics. Spanish Journal of Finance and Accounting, XXX (2001), pp. 349-391

[Shockley, 1981] R.A. Shockley. Perceptions of auditors’ independence: An empirical analysis. Accounting Review, 56 (1981), pp. 785-800

[Shockley, 1982] R.A. Shockley. Perceptions on auditors’ independence: A conceptual model. Journal of Accounting, Auditing and Finance, 5 (1982), pp. 126-143

[St. Pierre and Anderson, 1984] K. St. Pierre, J.A. Anderson. An analysis of the factors associated with lawsuits against public accountants. Accounting Review, 59 (1984), pp. 242-263

[Tate, 2007] S.L. Tate. Auditor change and auditor choice in nonprofit organizations. Auditing: A Journal of Practice & Theory, 26 (2007), pp. 47-70 http://dx.doi.org/10.1259/bjr.20150251

[Trussel, 2003] J. Trussel. Assessing potential accounting manipulation: The financial characteristics of charitable organizations with higher than expected program-spending ratios. Nonprofit and Voluntary Sector Quarterly, 32 (2003), pp. 616-634

[Vanstraelen, 2000] A. Vanstraelen. Impact of renewable long-term audit mandates on audit quality. European Accounting Review, 9 (2000), pp. 419-442

[Vermeer et al., 2009] T.E. Vermeer, K. Raghunandan, D.A. Forgione. Audit fees at U.S. non-profit organizations. Auditing: A Journal of Practice & Theory, 28 (2009), pp. 289-303 http://dx.doi.org/10.1259/bjr.20150251

[Whittington et al., 1995] G. Whittington, P. Grout, I. Jewitt. Is total auditor independence a good thing?. Accountancy, 115 (1995), pp. 75
Publicado
01-07-2015
Cómo citar
González-Díaz, B., López, A., & García-Fernández, R. (2015). Permanencia del auditor y calidad de la auditoría en las fundaciones públicas estatales. Revista De Contabilidad - Spanish Accounting Review, 18(2), 115-126. https://doi.org/10.1016/j.rcsar.2014.04.001
Sección
Artículos