Arbeitspapier
Optimal regulation of auditing
We study regulation of the auditing profession in a model where audit quality is unobservable and enforcing regulation is costly. The optimal audit standard falls short of the first-best audit quality, and is increasing in the riskiness of firms and in the amount of funding they seek. The model can encompass collusion between clients and auditors, arising from the joint provision of auditing and consulting services: deflecting collusion requires less ambitious standards. Finally, banning the provision of consulting services by auditors eliminates collusion but may not be optimal in the presence of economies of scope.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 1980
- Klassifikation
-
Wirtschaft
Financial Institutions and Services: Government Policy and Regulation
Business and Securities Law
Auditing
- Thema
-
Wirtschaftsprüferrecht
Wirtschaftsprüfung
Informationswert
Dienstleistungsqualität
Lieferanten-Kunden-Beziehung
Unternehmensberatung
Wettbewerbsbeschränkung
Rechtsdurchsetzung
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Pagano, Marco
Immordino, Giovanni
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Pagano, Marco
- Immordino, Giovanni
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2007
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