文章基本信息

标题：Mandatory joint audit and audit quality in the context of the European blue chips
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作者：Josep Garcia-Blandon ; David Castillo-Merino ; Josep M. Argilés-Bosch 等
期刊名称：Journal of Business Economics and Management
印刷版ISSN：1611-1699
出版年度：2021
卷号：22
期号：5
页码：1378-1395
DOI：10.3846/jbem.2021.14959
语种：English
出版社：Vilnius Gediminas Technical University
摘要：This study investigates audit quality under joint and single audit regimes with a sample of large European firms. Both, the economic relevance of these companies, and the fact that the impact of joint audit on audit quality should be stronger when the audited company is a blue-chip firm motivate the study. If mandatory joint audit were positively associated with audit quality, French firms, under mandatory joint audit since 1966, should present higher audit quality compared to their European peers. The results do not indicate this to be the case. Specifically, similar levels of discretionary accruals are observed for French and other European firms. Furthermore, for the first time in the literature, evidence is reported indicating that French firms may even present lower audit quality than their European peers, when audit quality is measured by the likelihood of just beating earnings benchmarks. These results are expected to inform the ongoing debate in several countries about joint audits.