The effect of auditor industry specialization on audit quality on a firm-, office- and partner level in Germany

Detalhes bibliográficos
Autor(a) principal: Zimmermann, Marwin Tim
Data de Publicação: 2020
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.14/40671
Resumo: In this study, I investigate the effect of auditor industry expertise on audit quality. Auditor industry expertise I measure on the firm-, the city- and the partner level. This is done by measuring those three units of analysis stand alone and concurrently in the same regression by using the joint national-city framework. Audit quality I proxy with discretionary accruals utilizing two different discretionary accrual models. Based on all firms listed on Xetra in the Prime Standard, I find evidence for industry expertise being especially accumulated on the firm and office level. The model with the highest number of significant results suggests that an auditor who is only an industry leader on the firm level but not on the city level results in decreased discretionary working capital accruals in the amount of 1.5% scaled by total assets. An auditor who is only a city level industry specialist results in decreased working capital accruals in the amount of 3.2% relative to total assets. I also find some evidence for the existence of a positive relation between partner level industry experience and audit quality.
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spelling The effect of auditor industry specialization on audit quality on a firm-, office- and partner level in GermanyDomínio/Área Científica::Ciências Sociais::Economia e GestãoIn this study, I investigate the effect of auditor industry expertise on audit quality. Auditor industry expertise I measure on the firm-, the city- and the partner level. This is done by measuring those three units of analysis stand alone and concurrently in the same regression by using the joint national-city framework. Audit quality I proxy with discretionary accruals utilizing two different discretionary accrual models. Based on all firms listed on Xetra in the Prime Standard, I find evidence for industry expertise being especially accumulated on the firm and office level. The model with the highest number of significant results suggests that an auditor who is only an industry leader on the firm level but not on the city level results in decreased discretionary working capital accruals in the amount of 1.5% scaled by total assets. An auditor who is only a city level industry specialist results in decreased working capital accruals in the amount of 3.2% relative to total assets. I also find some evidence for the existence of a positive relation between partner level industry experience and audit quality.Neste estudo, investigo o efeito dos conhecimentos especializados da indústria de auditoria na qualidade da auditoria. Medo os conhecimentos especializados da indústria de auditoria ao nível da empresa, da cidade e do parceiro. Isto é feito medindo essas três unidades de análise isoladamente e simultaneamente na mesma regressão, utilizando o quadro conjunto cidade-nacional. A qualidade de auditoria I é avaliada com acréscimos discricionários, utilizando dois modelos diferentes de acréscimos discricionários. Com base em todas as empresas listadas em Xetra no Prime Standard, encontro provas de que os conhecimentos da indústria são especialmente acumulados a nível da empresa e do escritório. O modelo com o maior número de resultados significativos sugere que um auditor que é apenas um líder da indústria ao nível da empresa, mas não ao nível da cidade, resulta numa diminuição dos acréscimos discricionários de capital de exploração no montante de 1,5% escalonado pelo activo total. Um auditor que é apenas um especialista da indústria a nível municipal resulta numa diminuição dos acréscimos do capital de exploração no montante de 3,2% em relação ao total dos activos. Também encontro algumas provas da existência de uma relação positiva entre a experiência da indústria a nível de parceiros e a qualidade da auditoria.Basioudis, Ilias G.Veritati - Repositório Institucional da Universidade Católica PortuguesaZimmermann, Marwin Tim2023-03-22T11:05:57Z2022-06-272020-012022-06-27T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/40671TID:203132033enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-12T17:46:13Zoai:repositorio.ucp.pt:10400.14/40671Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:33:22.490389Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The effect of auditor industry specialization on audit quality on a firm-, office- and partner level in Germany
title The effect of auditor industry specialization on audit quality on a firm-, office- and partner level in Germany
spellingShingle The effect of auditor industry specialization on audit quality on a firm-, office- and partner level in Germany
Zimmermann, Marwin Tim
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short The effect of auditor industry specialization on audit quality on a firm-, office- and partner level in Germany
title_full The effect of auditor industry specialization on audit quality on a firm-, office- and partner level in Germany
title_fullStr The effect of auditor industry specialization on audit quality on a firm-, office- and partner level in Germany
title_full_unstemmed The effect of auditor industry specialization on audit quality on a firm-, office- and partner level in Germany
title_sort The effect of auditor industry specialization on audit quality on a firm-, office- and partner level in Germany
author Zimmermann, Marwin Tim
author_facet Zimmermann, Marwin Tim
author_role author
dc.contributor.none.fl_str_mv Basioudis, Ilias G.
Veritati - Repositório Institucional da Universidade Católica Portuguesa
dc.contributor.author.fl_str_mv Zimmermann, Marwin Tim
dc.subject.por.fl_str_mv Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description In this study, I investigate the effect of auditor industry expertise on audit quality. Auditor industry expertise I measure on the firm-, the city- and the partner level. This is done by measuring those three units of analysis stand alone and concurrently in the same regression by using the joint national-city framework. Audit quality I proxy with discretionary accruals utilizing two different discretionary accrual models. Based on all firms listed on Xetra in the Prime Standard, I find evidence for industry expertise being especially accumulated on the firm and office level. The model with the highest number of significant results suggests that an auditor who is only an industry leader on the firm level but not on the city level results in decreased discretionary working capital accruals in the amount of 1.5% scaled by total assets. An auditor who is only a city level industry specialist results in decreased working capital accruals in the amount of 3.2% relative to total assets. I also find some evidence for the existence of a positive relation between partner level industry experience and audit quality.
publishDate 2020
dc.date.none.fl_str_mv 2020-01
2022-06-27
2022-06-27T00:00:00Z
2023-03-22T11:05:57Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.14/40671
TID:203132033
url http://hdl.handle.net/10400.14/40671
identifier_str_mv TID:203132033
dc.language.iso.fl_str_mv eng
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dc.format.none.fl_str_mv application/pdf
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instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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