The influence of reputation and regulation related factors on the independence of the Greek certified auditors

Panayotis Tahinakis and John Mylonakis

International Journal of Management Practice, 2005, vol. 1, issue 2, 175-197

Abstract: In the Greek market, the recent liberalisation process from a single state-owned audit body up to the establishment of private auditing entities (local and foreign) resulted in the hiring of a vast amount of certified auditors. Factors like negotiating auditing fee, professional sanctions, legal liability, fear of loss of reputation and clientele as a result of inappropriate auditing behaviour were examined. Contrary to past surveys these factors are never examined in Greece, so the findings of this research are a clear contribution to the academic literature. A one-way Analysis of Variance (ANOVA) was used. Ranking the effects of the above four factors across three different but related professional groups, a high level of consistency was evident. The new element of this research is that each variable examined has a definite potential impact on the credibility of the independence of the Greek certified auditors.

Keywords: audit independence; audit profession; certified auditors; auditing fee; legal liability; professional sanctions, financial reporting; Greece; reputation; regulation. (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijmpra:v:1:y:2005:i:2:p:175-197

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