Joint Audit: Issues and Challenges for Researchers and Policy-Makers
Ratzinger, N. V. S., Audousset-Coulier, S., Kettunen, J., & Lesage, C. (2013). Joint Audit: Issues and Challenges for Researchers and Policy-Makers. Accounting in Europe, 10 (2), 175-199. doi:10.1080/17449480.2013.834725
Julkaistu sarjassaAccounting in Europe
© 2013 European Accounting Association. This is a final draft version of an article whose final and definitive form has been published by Routledge. Published in this repository with the kind permission of the publisher.
The publication of the European Commission Green Paper, ‘Audit Policy: Lessons from the Crisis’ in October 2010, has stirred up a lively debate on the role of joint audits. This literature review identifies and evaluates, for the benefit of future research and regulators, existing evidence about joint audits. We find limited empirical support to suggest that joint audits lead to increased audit quality, but some empirical support to suggest that joint audits lead to additional costs. Overall, this paper indicates that joint audit should be seen as a mechanism that is embedded in a broader institutional context and not be considered in isolation from other factors that might impact the audit market. The results indicate that various country-level characteristics are simultaneously at play. While joint audits can potentially enhance the audit market competition by allowing smaller audit firms to maintain larger market shares, the related impact on audit quality has not yet been clearly demonstrated and thus provides a promising avenue for future research. ...