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Quality Control through Venetian Blinds: Regulating the Swedish Auditing Industry


  • Karin Jonnergård


In this paper I attempt to gain an understanding of the regulatory processes in the auditing industry by studying the development of quality control in Sweden between 1977 and 2004. The paper starts with the observation that the audit industry is multilayered and that regulatory processes occur on different levels: between the state and the profession at large and between the professional association and the individual auditor or auditing firm. The focus is on the interaction between the different levels. Through developing a framework built on regulation theories from political science and the field of accounting research, three aspects of the regulatory processes important for the interaction between the levels are defined: the substantive, the justifying and the material. These aspects are later used to analyse the case study, leading to a specification of the characteristics and content of the couplings between the different levels where regulation is occurring.

Suggested Citation

  • Karin Jonnergård, 2012. "Quality Control through Venetian Blinds: Regulating the Swedish Auditing Industry," European Accounting Review, Taylor & Francis Journals, vol. 21(1), pages 51-85, February.
  • Handle: RePEc:taf:euract:v:21:y:2012:i:1:p:51-85 DOI: 10.1080/09638180.2010.522773

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    References listed on IDEAS

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    6. Christian Laux & Christian Leuz, 2010. "Did Fair-Value Accounting Contribute to the Financial Crisis?," Journal of Economic Perspectives, American Economic Association, vol. 24(1), pages 93-118, Winter.
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    9. Barth, Mary E. & Landsman, Wayne R. & Wahlen, James M., 1995. "Fair value accounting: Effects on banks' earnings volatility, regulatory capital, and value of contractual cash flows," Journal of Banking & Finance, Elsevier, vol. 19(3-4), pages 577-605, June.
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    Cited by:

    1. Canning, Mary & O’Dwyer, Brendan, 2013. "The dynamics of a regulatory space realignment: Strategic responses in a local context," Accounting, Organizations and Society, Elsevier, vol. 38(3), pages 169-194.

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