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Gobierno corporativo y factores determinantes del cambio de auditoria en las empresas no financieras espa¤olas

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Abstract

En el presente trabajo analizamos el efecto de dos mecanismos de gobierno corporativo como son el consejo de administraci¢n y la comisi¢n de auditor¡a en la decisi¢n de cambio de auditor. Partiendo de una muestra que incluye todas las empresas no financieras cotizadas en el mercado continuo espa¤ol, hemos analizado los 46 cambios de auditor que se han producido entre 2001 y 2007. Nuestros resultados muestran que tanto el consejo de administraci¢n como el comit‚ de auditor¡a desempe¤an una funci¢n innegable en la rotaci¢n del auditor. Encontramos significativa evidencia de que el cambio de auditor mantiene una relaci¢n no lineal con el tama¤o del consejo de administraci¢n, y que resulta m s habitual en las empresas con comit‚s de auditor¡a de mayor tama¤o. Adem s, la independencia de ambos ¢rganos se relaciona positivamente con la rotaci¢n del auditor. Finalmente, se observa una relaci¢n no lineal entre la decisi¢n de cambio de auditor y la actividad del consejo de administraci¢n o del comit‚ de auditor¡a, siendo esta relaci¢n m s acusada en el caso de este £ltimo. De alguna manera, nuestros resultados apuntan a la rotaci¢n del auditor como una se¤al emitida por la empresa acerca de la credibilidad de su informaci¢n financiera, en un intento por mostrar que dicha credibilidad no est condicionada por la identidad de la firma auditora.

Suggested Citation

  • Zarza Herranz, C‚sar & L¢pez Iturriaga, F‚lix J. & L¢pez-Iturriaga, F‚lix, 2009. "Gobierno corporativo y factores determinantes del cambio de auditoria en las empresas no financieras espa¤olas," Working Papers "New Trends on Business Administration". Documentos de Trabajo "Nuevas Tendencias en Dirección de Empresas". 2009-09, Interuniversity Research Master and Doctorate Program (with a quality mention of ANECA) on "Business Economics", Universities of Valladolid, Burgos, Salamanca and León (Spain). Until 2008, Interuniversity Doctorate Program (with a quality mention of ANECA) “New trends in Business Administration”, Universities of Valladolid, Burgos, and Salamanca (Spain). Master en Investigación y Programa de Docto.
  • Handle: RePEc:ntd:wpaper:2009-09
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    Cited by:

    1. Ester Gras-Gil & Salvador Marin-Hernandez & Domingo Garcia-Perez de Lema, 2012. "Internal audit and financial reporting in the Spanish banking industry," Managerial Auditing Journal, Emerald Group Publishing, vol. 27(8), pages 728-753, August.

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    Keywords

    Auditor¡a; opini¢n del auditor; honorarios de auditor¡a; gobierno corporativo y consejo de administraci¢n.;

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