Joint Audit: Issues and Challenges for Researchers and Policy-Makers

Nicole V. S. Ratzinger-Sakel, Sophie Audousset-Coulier, Jaana Kettunen and Cédric Lesage ()
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Nicole V. S. Ratzinger-Sakel: Universität Ulm - Ulm University [Ulm, Allemagne]
Sophie Audousset-Coulier: Department of accounting - Concordia University [Montreal]
Jaana Kettunen: JYU - University of Jyväskylä
Cédric Lesage: GREGH - Groupement de Recherche et d'Etudes en Gestion à HEC - HEC Paris - Ecole des Hautes Etudes Commerciales - CNRS - Centre National de la Recherche Scientifique

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Abstract: The publication of the European Commission Green Paper, ‘Audit Policy: Lessons from the Crisis' in October 2010, has stirred up a lively debate on the role of joint audits. This literature review identifies and evaluates, for the benefit of future research and regulators, existing evidence about joint audits. We find limited empirical support to suggest that joint audits lead to increased audit quality, but some empirical support to suggest that joint audits lead to additional costs. Overall, this paper indicates that joint audit should be seen as a mechanism that is embedded in a broader institutional context and not be considered in isolation from other factors that might impact the audit market. The results indicate that various country-level characteristics are simultaneously at play. While joint audits can potentially enhance the audit market competition by allowing smaller audit firms to maintain larger market shares, the related impact on audit quality has not yet been clearly demonstrated and thus provides a promising avenue for future research.

Keywords: joint audits; audits; market; characteristics (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (10)

Published in Accounting in Europe, 2013, 10 (2), pp.175-199. ⟨10.1080/17449480.2013.834725⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01099633

DOI: 10.1080/17449480.2013.834725

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