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Zeitschrift für Betriebswirtschaft

, Volume 81, Issue 7–8, pp 855–900 | Cite as

Ökonomie des Abschlussprüferwechsels

  • Michael Fischkin
  • Joachim Gassen
State-of-the-Art

Zusammenfassung

Auch vor dem Hintergrund der aktuellen politischen Diskussion über den Abschlussprüfungsmarkt wird im Rahmen dieses State-of-the-Art Artikels die analytische und empirische ökonomische Literatur zu Motiven und Konsequenzen von Abschlussprüferwechseln systematisiert und diskutiert. Hierzu werden eingangs der Begriff des Abschlussprüferwechsels definiert sowie die rechtlichen Rahmenbedingungen des Abschlussprüferwechsels in Deutschland und den USA dargestellt. Abschlussprüferwechsel können durch den Mandanten oder den Prüfer ausgelöst werden. Der Beitrag identifiziert vier Prüferwechselkategorien: (1) Änderungen in den Vertragsbeziehungen von Unternehmen, die die Nachfrage nach Prüfungsleistungen beeinflussen, (2) Änderung des Informationsstandes des Mandanten und/oder des Prüfers bezüglich der Produkteigenschaften der Prüfung, (3) Änderungen der Produkteigenschaften der Prüfung und (4) Änderungen in den institutionellen Rahmenbedingungen. Diese Motivbündel werden auf Basis der bestehenden Theorie und empirischen Evidenz in ihrer Relevanz gewürdigt. Ein kurzer Ausblick auf die kapitalmarktempirische Forschung zeigt, dass Kapitalmarktteilnehmer auf Abschlussprüferwechsel reagieren. Die unterschiedlichen Kapitalmarktreaktionen lassen weiter den Schluss zu, dass Marktteilnehmer sowohl zwischen dem Initiator der Vertragsbeendigung als auch zwischen den entsprechenden Motiven differenzieren. Der Beitrag schließt mit einer kritischen Diskussion der bisherigen Forschungsergebnisse und einem Ausblick auf mögliche künftige Forschungsfragen.

Schlüsselwörter

Abschlussprüfung Prüferwechsel Prüferwahl Analytische Prüfungsforschung Empirische Prüfungsforschung Agency-Theorie Regulierung 

The Economics of Auditor Change

Abstract

In this state-of-the-art article we survey the analytical and empirical work on the economic determinants and consequences of auditor changes. First, we define the term “auditor change” and touch on the legal constraints affecting auditor changes in Germany and in the USA. Additionally. we discuss the corresponding disclosure requirements associated with auditor changes in these countries. Auditor changes can be triggered by the client or by the auditor. We identify four categories under which auditor change incentives can be classified: (1) changes in contractual relationships of the client which in turn can cause a change in demand for audit quality; (2) changes of information possessed by the client or auditor concerning certain attributes of the audit; (3) changes in certain characteristics of the audit and (4) changes in regulation. We use this classification to structure our discussion of analytical models and empirical evidence. Turning to the consequences of auditor changes, we summarize the findings of the prior literature to show that capital market participants react on auditor changes and that they differentiate between both the initiator of auditor changes and the incentives to change auditor. We conclude with a discussion of some of the limitations of the current literature on auditor changes and identify some possible avenues for future research.

Keywords

Auditing Auditor Change Auditor Choice Analytical Auditing Research Empirical Auditing Research Agency Theory Regulation 

JEL-Classification

M42 

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© Gabler Verlag 2011

Authors and Affiliations

  1. 1.Bereich Accounting & ReportingPricewaterhouseCoopers AG BerlinBerlinDeutschland
  2. 2.Instituts für Rechnungswesen und Wirtschaftsprüfung, Wirtschaftswissenschaftliche FakultätHumboldt-Universität zu BerlinBerlinDeutschland

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