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HEC-Ecole de gestion de l'ULg
HEC-Ecole de gestion de l'ULg
MASTER THESIS
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Dans quelles mesures la rotation externe des cabinets d'audit et la limitation des services autres que d'audit amélioreraient-elles l'indépendance de l'auditeur et la qualité de l'audit ?

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Marquet, Sophie ULg
Promotor(s) : Antonelli, Cédric ULg
Date of defense : 28-Jun-2016/23-Jun-2016 • Permalink : http://hdl.handle.net/2268.2/1464
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Title : Dans quelles mesures la rotation externe des cabinets d'audit et la limitation des services autres que d'audit amélioreraient-elles l'indépendance de l'auditeur et la qualité de l'audit ?
Translated title : [en] To what extent would the mandatory audit firm rotation and the limitation of non-audit services improve the auditor independence and the audit quality?
Author : Marquet, Sophie ULg
Date of defense  : 28-Jun-2016/23-Jun-2016
Advisor(s) : Antonelli, Cédric ULg
Committee's member(s) : Focant, Michaël 
Palm, Alexis ULg
Language : French
Number of pages : 125
Keywords : [fr] Qualité de l'audit
[fr] Indépendance du réviseur d'entreprises
[fr] Limitation des services non-audit
[fr] Rotation externe obligatoire
Discipline(s) : Business & economic sciences > Accounting & auditing
Target public : Other
General public
Student
Professionals of domain
Researchers
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'ULg

Abstract

[en] The audit efficiency has been reconsidered since scandals came to light, such as Enron (2001) and WorldCom (2002), along with the 2008 financial crisis, which also rose awareness about the topic. Therefore, several countries have tried to establish measures in order to improve auditor independence and audit quality.

Consequently, the European Commission, through Commissioner Barnier's impulsion, published a Green Paper in 2010, as well as a directive and a regulation in 2014, aiming to reform the audit market in the European Union. Two important measures of the regulation are the mandatory audit firm rotation every ten years and the limitation of non-audit services. Since they were brought forward, these rules have led to a lot of controversy. While some are delighted with their arrival, others are worried that they represent a danger for the audit profession.
This master thesis, entitled “To what extent would the mandatory audit firm rotation and the limitation of non-audit services improve the auditor independence and the audit quality?”, analyses theses various outlooks in order to determine threats and opportunities resulting from these two measures. In other words, this survey evaluates the real efficiency of mandatory audit firm rotation and the limitation of non-audit services in the European Union.
After clarifying different theoretical aspects, we will go deeper into the topic through interviews with auditors and specialists in order to compare the theoretical part to the field.
On the basis of theoretical and practical analysis, our findings show that these measures would have different impact on auditor independence and audit quality. On the one hand, the mandatory audit firm rotation would strengthen auditor independence but would likely reduce audit quality. Indeed, threats linked to this measure are legion and they might jeopardize audit quality. On the other hand, the limitation of non-audit services would improve both auditor independence and audit quality.


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Author

  • Marquet, Sophie ULg Université de Liège > Master sc. gest., fin. spéc. fin. analysis & aud (ex 2e ma.)

Promotor(s)

Committee's member(s)

  • Focant, Michaël PWC
  • Palm, Alexis ULg Université de Liège - ULg > HEC-Ecole de gestion de l'ULg : UER > UER Finance et Droit
    ORBi View his publications on ORBi
  • Total number of views 90
  • Total number of downloads 29










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