This study aims to identify the main determinants of audit failure and contribute to the current debate raised by recent European Union regulation on auditor's tenure and economic policies to prevent impairment of auditor's independence. We approach audit failure through auditing enforcement...

This paper provides empirical evidence on the impact of disciplinary sanctions on audit quality, based on the external oversight system set up in Spain in the early nineties. Specifically, we examine the effects of the sanctions imposed by the Institute of Accounting and Auditing (ICAC), a...

As evidence of the continuing interest raised by "board gender diversity", major studies (Catalyst, 2008; World Economic Forum, 2010; European Board Diversity Analysis, 2010) were recently carried out and have all led to reports confirming the imbalance of women on boards and the need to address this...

This study analyses the impact of audit committee independence on auditor dismissal decisions and the successor auditor choice. We pay special attention to those changes that take place after firms receive a qualified audit report. These changes may be considered the observable consequence of...

This paper examines the impact of going concern opinions on the market value of firms. Our results suggest that firms with going concern opinions tend to have lower market value than firms without such opinion modification. In addition, we find that the pricing multiples of earnings are lower...

The present study analyzes the self-fulfilling prophecy phenomenon in the Spanish context, which meets the appropriate conditions for its appearance. Considering the possibility that the users' reaction to a going-concern opinion is not homogeneous, we introduce an element of interaction to...

Companies that are serious about corporate governance and business ethics are turning their attention to gender diversity at the most senior levels of business (Institute of Business Ethics, Business Ethics Briefing 21:1, 2011). Board gender diversity has been the subject of several studies...

El objetivo de este trabajo es analizar el impacto de la rotación obligatoria de firmas en la calidad de la auditoría. Dos argumentos opuestos han alimentado el debate sobre la conveniencia de esta medida. Sus defensores argumentan que esta medida refuerza la independencia del auditor y, por...