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Is there any relation between change of auditors and the client's stock price - Dissertation Example

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Is there any relation between change of auditors and the client's stock price

As the performances and financial transactions of a company have direct effect on the stock prices, hence choice of auditors is considered as an essential factor for every business. Depending on the individual needs and the performances of both the business and the audit team, change in auditors is also performed by several businesses, which in turn has either a positive or negative effect on the stock prices. This particular research has been focused on understanding the relation that change in auditors has with stock prices of a company. And, it could be obtained from this particular study that agency theory can be well associated with the employment of auditor agencies and that the change in auditors has a direct relation with the prices of stocks. 1. ...
ry researchers on role of auditors, the relation between change in auditors and stock prices of client companies, and the positive and negative impacts of share prices on change in auditors. Both qualitative and quantitative data have been collected and analyzed to determine the reasons for change in auditors. Stock prices of client companies and characteristics of the firms significantly determine the relationship of the companies with their auditor firms. Different business organizations having different characteristics and processes in their businesses result in varying demands for the quality of audits. This is particularly in association with external auditors that perform an audit over the companies. Some of the common determinants of business firms for choosing the quality of auditors include their membership in the finance sector, leverage, size, profitability and their market-to-book ratio. Thus the choice of auditors by an organization is related to the above mentioned factors (Aksu, Onder and Saatcioglu 2007). The role of auditors takes place in a business environment that is highly regulated. Both the audit firms and the individual auditors have certain independent requirements along with ethical fulfillment that they need to encounter and follow (Great Britain 2011). Quality auditing is what is expected by every business organization and hence the choice and selection of quality audits is considered as essential for business firms. Specific skills are essential for quality audit works to be performed by auditors. This includes personal talents of the auditors, dedicated training, and wide range of experiences. It is often considered as similar to police work and based on the audit, a company’s performance in terms of financial dealings and achievements ...Show more


Title: Relation Between Change of Auditors and Client’s Stock Price Name University Name Table of Contents Table of Contents 2 Abstract 2 1.Introduction: 3 1.1.Aim of the Study: 6 1.2.Objectives of the Study: 6 2.Role and Importance of Auditors 7 2.1.Agency Theory and Its Impact 17 3.Research Methodology: 17 3.1.Research Philosophy: 18 3.2.Research Approach and Technique: 18 3.3.Sources and Collection of Data: 19 3.4.Ethics: 20 3.5.Credibility and Verification: 21 4.Change Auditors 21 4.1.Tenure 23 4.2.Relationship 23 5.Regulation and Rules about Auditors’ Change 24 5.1.Brief Rotation of Firms 25 6.Impact of Performance 28 6.1.Reason-Relationship 29 7.Conclusion 35 References 38 Abstract …
Author : srau
Is there any relation between change of auditors and the clients stock price essay example
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