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International consistency of auditor specialization

Isabelle Verleyen UGent and Ignace De Beelde UGent (2011) INTERNATIONAL JOURNAL OF AUDITING. 15(3). p.275-287
abstract
The objective of this paper is to investigate whether auditor industry specialization is consistent across countries. If the specialized knowledge of auditors can be transferred from one country to another, we can expect that international audit firms show consistent patterns of industry specialization across countries. The literature uses two constructs to measure specialization: the market share of an auditor in a specific market, and a portfolio approach focusing on the major industries in the portfolio of clients of the auditor. Using both approaches on data relating to 28,352 European companies, we find that some European industries, and more specifically the chemical and the business services industries, show a high degree of consistency with respect to the market shares of the international audit firms. We also find evidence of specialization of individual audit firms in specific industry segments.
Please use this url to cite or link to this publication:
author
organization
year
type
journalArticle (original)
publication status
published
subject
keyword
Europe, Auditor specialization, audit market
journal title
INTERNATIONAL JOURNAL OF AUDITING
Int. J. Audit.
volume
15
issue
3
pages
275 - 287
ISSN
1090-6738
DOI
10.1111/j.1099-1123.2011.00434.x
language
English
UGent publication?
yes
classification
A2
copyright statement
I have transferred the copyright for this publication to the publisher
VABB id
c:vabb:323535
VABB type
VABB-1
id
1934107
handle
http://hdl.handle.net/1854/LU-1934107
date created
2011-10-21 12:01:14
date last changed
2015-06-17 09:51:23
@article{1934107,
  abstract     = {The objective of this paper is to investigate whether auditor industry specialization is consistent across countries. If the specialized knowledge of auditors can be transferred from one country to another, we can expect that international audit firms show consistent patterns of industry specialization across countries. The literature uses two constructs to measure specialization: the market share of an auditor in a specific market, and a portfolio approach focusing on the major industries in the portfolio of clients of the auditor. Using both approaches on data relating to 28,352 European companies, we find that some European industries, and more specifically the chemical and the business services industries, show a high degree of consistency with respect to the market shares of the international audit firms. We also find evidence of specialization of individual audit firms in specific industry segments.},
  author       = {Verleyen, Isabelle and De Beelde, Ignace},
  issn         = {1090-6738},
  journal      = {INTERNATIONAL JOURNAL OF AUDITING},
  keyword      = {Europe,Auditor specialization,audit market},
  language     = {eng},
  number       = {3},
  pages        = {275--287},
  title        = {International consistency of auditor specialization},
  url          = {http://dx.doi.org/10.1111/j.1099-1123.2011.00434.x},
  volume       = {15},
  year         = {2011},
}

Chicago
Verleyen, Isabelle, and Ignace De Beelde. 2011. “International Consistency of Auditor Specialization.” International Journal of Auditing 15 (3): 275–287.
APA
Verleyen, I., & De Beelde, I. (2011). International consistency of auditor specialization. INTERNATIONAL JOURNAL OF AUDITING, 15(3), 275–287.
Vancouver
1.
Verleyen I, De Beelde I. International consistency of auditor specialization. INTERNATIONAL JOURNAL OF AUDITING. 2011;15(3):275–87.
MLA
Verleyen, Isabelle, and Ignace De Beelde. “International Consistency of Auditor Specialization.” INTERNATIONAL JOURNAL OF AUDITING 15.3 (2011): 275–287. Print.