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

Is there any relation between change of auditors and the client
Masters
Dissertation
Finance & Accounting
Pages 36 (9036 words)
Download 0
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 …

Introduction

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. ...
Download paper
Not exactly what you need?

Related papers

The impact of Oil price changes on the Gulf Council Countries (GCC) stock markets
The changes of the world economy majorly depend on the changes of oil prices. When the oil price increases, then the manufacturers around the world has to incur more cost in the manufacturing process. The cost of transportation also increases. Because of the increment in the operating cost, the profit of the company decreases. A country’s economy mostly depends on the performance of the…
An Investigation of the impact of Oil price changes on the Gulf Council Countries (GCC) stock markets
At first, I believe it is all due to the thirst for knowledge bestowed by God that motivates me to continue my journey towards attainment of knowledge. I am thankful to Almighty God for giving me capabilities, resources and impulsion to pursuit for knowledge. I am very much thankful to my supervisor Dr. Danny McGowan for being so kind and supporting throughout the preparation of the dissertation.…
The Causality Relation between the Kazakhstan Stock Market and the US Dollar, the Euro and the Russian Ruble.
The relation between the Kazakhstan tenge and other currencies is examined by statistical time series analysis. The relationship of exchange rates over a specific period of time is studied based upon bivariate and multivariate variables. Currency has continuously evolved as the domestic and international vehicle for trade. This paper will define and discuss the history of the causality relation…
Explain the determinants of daily price changes of a stock market index of your choice
Based on relevant literature and economic theory, this paper explains why there is stock market price change almost every day. Determinants of Stock Market Price changes The table given below is a summary of stock price changes of Apple Inc, American Express, Ameriprise Financial Inc, Noble Corp and Johnson and Johnson, extracted from Bloomberg.com. This table illustrates daily stock price changes…
Stock Price Reaction to Merger Announcements: an Empirical Note on German Markets
Comprehensive data on a range of German companies is assembled and correlated as a means of quantifying the degree of abnormal returns within a given time interval, measured from the date of the merger announcement. Ramifications of these abnormal returns are discussed with respect to ongoing trends in the German market. Introduction Essential to any attempt to understand market movements are…
Impact of Apple iPhone, iPod & Laptops on the US GDP and stock Price
Moreover, the company is in charge for the manufacturing of iTunes Media Browser, iLife and iWork creativity and production suites (Apple Computer Inc. Web). The company is the third largest mobile phone maker in the world after Samsung and Nokia. The company has also been named to be the most admired company in the United States in 2008 and the most admired company in the world from 2008 to 2012.…
proposal of analyzing Hershey's stock price and this firm
Using the results of the following report, my recommendation will be to invest into the Hershey stocks, as the company’s performance in the industry is commendable as well as its stock’s performance. After thoroughly analyzing the stocks of Hershey Company, I would note that the company has a potential for a continued appreciation for the value of its stock price in the stock market. However,…