Title | Audit Tendering in the UK: A Review of Stakeholders’ Views |
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Type | Journal article |
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Authors | Allam, A., Ghattas, N., Kotb, A. and Eldaly, M.K. |
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Abstract | This study reports the results of a content analysis of the comment letters sent to the UK Financial Reporting Council (FRC), in response to its consultation document on the 2012 revisions of the UK Corporate Governance Code, concerning the proposal for mandatory audit tendering. The results indicate a general support for the FRC’s proposals with a number of key concerns related to audit quality, auditor independence and audit cost. There is also clear conflict of interests among some stakeholder groups such as audit firms and companies on one side and institutional investors on the other side. There is evidence of conflict of interest between Big 4 and non-Big 4 audit firms. Implications for future consultations and legislations are also discussed. |
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Keywords | Audit tendering |
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| Audit Change |
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| Independence |
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| Audit Quality |
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| Audit Market Structure |
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| Corporate Governance |
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| Content Analysis |
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| FRC |
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Journal | International Journal of Auditing |
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Journal citation | 21 (1), pp. 11-23 |
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ISSN | 1090-6738 |
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| 1099-1123 |
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Year | 2017 |
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Publisher | Wiley |
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Accepted author manuscript | |
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Digital Object Identifier (DOI) | https://doi.org/10.1111/ijau.12076 |
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Publication dates |
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Published | 10 Oct 2016 |
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Published in print | Mar 2017 |
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