Impact of the Wirecard scandal on EY's perceived audit quality

被引：0

作者：

Pappert, Nicolas ^{[1
]}

Bauer, Sebastian ^{[2
]}

Friedrich, Christian ^{[2
]}

Quick, Reiner ^{[2
]}

机构：

[1] Tech Univ Darmstadt, Fachgebiet Rechnungswesen Controlling & Wirtschaf, Darmstadt, Germany

[2] Tech Univ Darmstadt, Darmstadt, Germany

来源：

BETRIEBSWIRTSCHAFTLICHE FORSCHUNG UND PRAXIS | 2023年 / 75卷 / 04期

关键词：

NONAUDIT SERVICES; INVESTORS PERCEPTIONS; ECONOMIC DEPENDENCE; EQUITY; COST; TENURE; INFORMATION; DISCLOSURE; MATTER;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The Wirecard scandal is arguably the most significant accounting fraud in post-war German history. For years, the financial service provider has fraudulently misstated its financial reports, and the statutory auditor EY did not detect the fraud. Such scandals obliterate trust in the annual audit, and may affect financial statements users' audit quality perceptions. The present empirical study investigates the effects of the Wirecard scandal on shareholders' perceived audit quality of EY, measuring the cost of equity of 170 CDAX-listed companies from 2016 to 2020. The results indicate that EY's perceived audit quality after the scandal is significantly lower than in earlier periods or for clients of other auditors.

引用

页数：17

共 50 条

[21] Impact of remote audit on audit quality, audit efficiency, and auditors' job satisfaction
Li, Yueqi
Goel, Sanjay
Williams, Kevin
INTERNATIONAL JOURNAL OF AUDITING, 2023, 27 (2-3) : 130 - 149
[22] THE IMPACT OF ETHICS ON QUALITY AUDIT RESULTS
Jelic, Milos
INTERNATIONAL JOURNAL FOR QUALITY RESEARCH, 2012, 6 (04) : 333 - 342
[23] Perceived effects of key audit matters reporting on audit efforts, audit fees, audit quality, and audit report transparency: stakeholders' perspectives
Bepari, Md Khokan
Nahar, Shamsun
Mollik, Abu Taher
QUALITATIVE RESEARCH IN ACCOUNTING AND MANAGEMENT, 2024, 21 (02): : 192 - 218
[24] The Impact of Internal Audit Function Quality and Contribution on Audit Delay
Pizzini, Mina
Lin, Shu
Ziegenfuss, Douglas E.
AUDITING-A JOURNAL OF PRACTICE & THEORY, 2015, 34 (01): : 25 - 58
[25] Diversification by the audit offices in the US and its impact on audit quality
Asthana S.
Review of Quantitative Finance and Accounting, 2017, 48 (4) : 1003 - 1030
[26] The Impact of Auditor Task Difficulty and Audit Quality Indicators on Jurors' Assessments of Audit Quality
Wright, Arnold M.
Wu, Yi-Jing
BEHAVIORAL RESEARCH IN ACCOUNTING, 2018, 30 (02) : 109 - 125
[27] Audit Office's unused capacity and audit quality*
Yu, Chun-Chan
Huang, Hua-Wei
ASIA PACIFIC MANAGEMENT REVIEW, 2023, 28 (02) : 146 - 162
[28] Perceived Adverse Consequences of Quality Threatening Behaviour in Audit Firms
Pierce, Bernard
Sweeney, Breda
INTERNATIONAL JOURNAL OF AUDITING, 2006, 10 (01) : 19 - 39
[29] The impact of the public's expectations of auditors on audit quality and auditing standards compliance
Zhang, Ping
CONTEMPORARY ACCOUNTING RESEARCH, 2007, 24 (02) : 631 - +
[30] A real product scandal's impact on a high-equity brand: a new approach to assessing scandal impact
Thaler, Verena Sabine
Herbst, Uta
Merz, Michael A.
JOURNAL OF PRODUCT AND BRAND MANAGEMENT, 2018, 27 (04): : 427 - 439

← 1 2 3 4 5 →