Auditor Reputation and Auditor Independence in an Emerging Market

2006 ◽  
Author(s):  
Zulkarnain Muhamad Sori ◽  
Yusuf Karbhari
Keyword(s):  
Emerging Market ◽  
Auditor Independence ◽  
Auditor Reputation

scholarly journals Auditor Independence in a Private Firm and Low Litigation Risk Setting

2010 ◽  
Vol 85 (2) ◽  
pp. 573-605 ◽  
Author(s):  
Ole-Kristian Hope ◽  
John Christian Langli
Keyword(s):  
Auditor Independence ◽  
Private Firm ◽  
Sensitivity Analyses ◽  
Litigation Risk ◽  
Publicly Traded ◽  
Large Sample ◽  
Empirical Results ◽  
Reputation Risk ◽  
Publicly Traded Firms ◽  
Auditor Reputation

ABSTRACT: We examine the issue of auditor independence in a unique setting. Specifically, we test for auditor independence impairment among (1) private client firms, for which the risk of auditor reputation loss is lower than for publicly traded firms, and (2) in a low litigation environment (i.e., Norway) that further reduces the expected costs to the auditor associated with independence impairment. We have thus chosen a setting that gives independence impairment its best chance of being detected if it exists. Using a large sample of private Norwegian firms, we analyze whether auditors who receive higher fees are less likely to issue modified opinions. Despite the low litigation risk and the reduced reputation risk, our empirical results provide no evidence that auditors compromise their independence through fee dependence. These results are robust to controlling for the expected portion of fees, to different sample specifications, to the use of both levels and changes specifications, and to a number of sensitivity analyses.

Upheaval in the distribution of power in the world economy: Problems and outlook of the world economy to 2050

2017 ◽  
pp. 114-127 ◽  
Author(s):  
V. Klinov
Keyword(s):  
Economic Policy ◽  
International Trade ◽  
World Economy ◽  
Emerging Market ◽  
Detailed Review ◽  
Depressed State ◽  
Industry Output ◽  
The World ◽  
Distribution Of Power ◽  
The Eu

Causes of upheaval in the distribution of power among large advanced and emerging market economies in the XXI century, especially in industry output and international trade, are a topic of the paper. Problems of employment, financialization and income distribution inequality as consequences of globalization are identified as the most important. Causes of the depressed state of the EU and the eurozone are presented in a detailed review. In this content, PwC forecast of changes in the world economy by 2050, to the author’s view, optimistically provides for wise and diligent economic policy.

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