External audit quality and firms’ credit score

Autor:	Alaa Mansour Zalata, Hany Elzahar, Craig McLaughlin
Jazyk:	angličtina
Rok vydání:	2020
Předmět:	audit quality industry-specialised auditors audit fee non-audit fee credit rating Business HF5001-6182 Management. Industrial management HD28-70
Zdroj:	Cogent Business & Management, Vol 7, Iss 1 (2020)
Druh dokumentu:	article
ISSN:	2331-1975 23311975
DOI:	10.1080/23311975.2020.1724063
Popis:	Using a sample of UK firms, we investigate whether external audit quality has an informational role for firms credit score. In our general research setting, we could not find any evidence on the association between firms’ credit score and external audit quality. However, when firms are suspected to be engaged in managerial misstatements, firms’ credit score seems to be associated with external audit quality. In particular, suspected firms get high credit score when they are audited by one of industry-specialised auditors. In addition, credit rating agencies penalise suspect firms when they pay high audit and non-audit fees.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/a80b68a528704f2585a2ecb67e2991bf Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF