EFFECTS OF THE NEW REGULATION AND CORPORATE GOVERNANCE OF THE AUDIT PROFESSION

Melinda Timea Fülöp and Mirela-Oana Pintea ()
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Melinda Timea Fülöp: Babeș-Bolyai University, Faculty of Economics and Business Administration

SEA - Practical Application of Science, 2014, issue 4, 545-554

Abstract: Financial scandals of the last decade have had a negative effect upon the trust and perception of investors regarding auditor responsibility, firm performance and their part in fraud and error detection. The audit firms play an important role in the capital markets by verifying that auditors provide reliable information to the decision makers. The characteristic elements of the new economy require economic entities new performance standards that go beyond economics. These works’ aim is to explore the implication of the new regulation and corporate governance on the audit profession and audit quality. This study contributes to the literature as it provides a better understanding on how the auditor and audit firms react toward the additional requirements.

Keywords: Regulation; Corporate governance; Audit (search for similar items in EconPapers)
JEL-codes: G34 M42 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2014:i:4:p:545-554

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