Audit und Enforcement: Entwicklungen und Probleme

Hans-Joachim Böcking
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Hans-Joachim Böcking: Johann Wolfgang Goethe-Universität

Schmalenbach Journal of Business Research, 2003, vol. 55, issue 7, 683-706

Abstract: Summary Following the financial reporting scandals at Enron and WorldCom, legislators and standards setters in the USA and Europe started reforming corporate governance. Main topics were auditor independence and enforcement of financial reporting standards. This article deals not only with auditor independence, but also with the independence of other corporate governance institutions like management, supervisory board and audit committee. In addition to guaranteeing the independence of these institutions, an enforcement institution for financial reporting has to be installed in Europe an in Germany to ensure proper use of IAS/IFRS. This article shows advantages and disadvantages of existing systems and postulates an improvement of existing accounting standards.

Keywords: M40; M41; Accounting; Audit Committee; Auditing; Corporate Governance; Enforcement of Financial Reporting Standards; Independence; Abschlussprüfung; Corporate Governance; Enforcement; Prüfungsausschuss; Rechnungslegung; Unabhängigkeit (search for similar items in EconPapers)
Date: 2003
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DOI: 10.1007/BF03372720

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