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Audit und Enforcement: Entwicklungen und Probleme

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  • Hans-Joachim Böcking

    (Johann Wolfgang Goethe-Universität)

Abstract

Summary Following the financial reporting scandals at Enron and WorldCom, legislators and standards setters in the USA and Europe started reforming corporate governance. Main topics were auditor independence and enforcement of financial reporting standards. This article deals not only with auditor independence, but also with the independence of other corporate governance institutions like management, supervisory board and audit committee. In addition to guaranteeing the independence of these institutions, an enforcement institution for financial reporting has to be installed in Europe an in Germany to ensure proper use of IAS/IFRS. This article shows advantages and disadvantages of existing systems and postulates an improvement of existing accounting standards.

Suggested Citation

  • Hans-Joachim Böcking, 2003. "Audit und Enforcement: Entwicklungen und Probleme," Schmalenbach Journal of Business Research, Springer, vol. 55(7), pages 683-706, November.
    • Handle: RePEc:spr:sjobre:v:55:y:2003:i:7:d:10.1007_bf03372720
    DOI: 10.1007/BF03372720
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    References listed on IDEAS

    as
    1. DeAngelo, Linda Elizabeth, 1981. "Auditor size and audit quality," Journal of Accounting and Economics, Elsevier, vol. 3(3), pages 183-199, December.
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    More about this item

    Keywords

    M40; M41;

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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