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| Author: | Cano-Rodriguez, M. |
| Title: | Big auditors, private firms and accounting conservatism: Spanish evidence |
| Journal: | European Accounting Review
2010 : VOL. 19:1, p. 131-159 |
| Index terms: | accounting auditing private companies Spain |
| Language: | eng |
| Abstract: | This paper examines the relationship btw. Big Auditors (henceforth as: B.A.) and the conditional and unconditional forms of conservatism (as: cnstsm). Based on a sample of Spanish firms, it is suggested that despite small incentives for maintaining independence, B.A. promote conditional cnstsm., thereby increasing the contracting efficiency of their clients' accounting information. However, it is also indicated that for high levels of litigation (as: lit.) and reputation (as: rep.) risk, B.A. tend to promote unconditional cnstsm., which can reduce the quality of financial reports. It is concluded that in the absence of essential lit. and rep. risk, B.A. typically provide higher quality audits than non-B.A. do etc. |
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