Mandatory audit firm rotation in Spain: a policy that was never applied

Nieves Carrera ()
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Nieves Carrera: Instituto de Empresa

Working Papers Economia from Instituto de Empresa, Area of Economic Environment

Abstract: In recent international debates on auditing regulation, Spain has assumed a real prominence as a claimed practical example of where a policy of mandatory audit firm rotation did not work and was duly abolished. This study provides an analysis of the implementation and removal of such policy in Spain. Using the evidence provided by congressional hearings, financial newspapers and other documents we demonstrate that at no stage was mandatory rotation of audit firms ever enforced on Spanish auditors.

Keywords: Auditing regulation; Auditor independence; Mandatory audit firm rotation (search for similar items in EconPapers)
Pages: 32 pages
Date: 2006-05
New Economics Papers: this item is included in nep-acc and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:emp:wpaper:wp06-21

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