What Determines Audit Independence and Expertise in Russia? Firm-Level Evidence
AbstractUsing a unique dataset of joint-stock companies, we explore the corporate audit system in transition Russia. In comparison with companies in Western and Asian Pacific states, Russian firms have a weaker audit system in terms of the independence and expertise of the audit committee and the external auditor. Board composition, foreign investment, and affiliation with a business group are highly important factors determining audit committee composition and audit firm choice as well as a combination of the two auditing bodies. However, each of these factors has a clearly distinct impact. Moreover, empirical evidence suggests that government ownership, company size, fund procurement activities, and overseas advancement significantly affect audit independence and expertise in Russia.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Russian Research Center, Institute of Economic Research, Hitotsubashi University in its series RRC Working Paper Series with number 27.
Length: 33,  p.
Date of creation: Feb 2013
Date of revision:
Note: This version: Feb, 2013
Contact details of provider:
Postal: 2-1 Naka, Kunitachi City, Tokyo 186-8603
Web page: http://www.ier.hit-u.ac.jp/rrc/
More information through EDIRC
audit independence and expertise; board composition; business integration; foreign investment; Russia;
This paper has been announced in the following NEP Reports:
- NEP-ACC-2010-10-23 (Accounting & Auditing)
- NEP-ALL-2010-10-23 (All new papers)
- NEP-CFN-2010-10-23 (Corporate Finance)
- NEP-CIS-2010-10-23 (Confederation of Independent States)
- NEP-TRA-2010-10-23 (Transition Economics)
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Digital Resources Section, Hitotsubashi University Library).
If references are entirely missing, you can add them using this form.