The Effect of Engagement and Review Partner Tenure and Rotation on Audit Quality: Evidence from Germany
The Effect of Engagement and Review Partner Tenure and Rotation on Audit Quality: Evidence from Germany
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参与和审核合伙人任期和轮换对审计质量的影响：来自德国的证据
DOI：
10.2139/ssrn.1631947
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发表时间：
2012
期刊：
影响因子：
--
通讯作者：
C. Watrin
中科院分区：
文献类型：
--
作者：
A. Gold;Friederike Lindscheid;Christiane Pott;C. Watrin
这项研究有助于最近关于审计合伙人任期和轮换对审计师独立性、专业知识以及最终审计质量影响的争论。我们使用来自所有德国上市公司的 1995-2010 年独特数据，调查了合伙人任期和轮换对审计质量的影响，我们不仅确定了这些公司的审计业务，还确定了质量审查合作伙伴。使用多个绝对值和符号值盈余管理指标作为审计质量的代理，我们发现随着审核合伙人任期（但不是项目合伙人任期）的增加，减少收入减少的会计的证据。此外，审核合伙人（而非项目合伙人）的轮换与更多的收入减少会计相关。这些发现强调了区分两个合作伙伴角色的重要性，并支持了有关审核合作伙伴的专业知识假设。
This study contributes to the recent debate over the effect of audit partner tenure and rotation on auditor independence, expertise and, ultimately, audit quality. We investigate the effect of partner tenure and rotation on audit quality, using unique 1995-2010 data from all German listed companies for which we identify not only the audit engagement but also the quality review partner. Using multiple absolute and signed values earnings management measures as proxies for audit quality, we find evidence of less income-reducing accounting with an increase in review partner tenure (but not engagement partner tenure). Further, rotation of the review partner (but not the engagement partner) is associated with more income-reducing accounting. These findings underline the importance of distinguishing between the two partner roles and support the expertise hypothesis with respect to the review partner.