Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.14/84974
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- Title
- Attributes affecting auditor appointment in compulsory audit tendering : survey evidence
- Related
- Accounting Association of Australia and New Zealand Conference (1 - 3 July 2007 : Gold Coast, Qld.)
- Related
- 2007 AFAANZ conference : papers
- Related
- http://www.afaanz.org/openconf/afaanz/paper.php?p=210.doc
- Publisher
- Gold Coast, Qld : Accounting and Finance Association of Australia and New Zealand
- Date
- 2007
- FoR/RFCD Code(s)
-
150100 Accounting, Auditing and Accountability
- Author/Creator
- Boon, Kym
- Author/Creator
- McKinnon, Jill
- Author/Creator
- Ross, Philip
- Description
- This study examines auditor and audit environmental attributes perceived to be important when appointing an auditor within the context of compulsory audit tendering (CAT) in Australian local government. The New South Wales Local Government Act (1993) introduced compulsory audit tendering as the means of external audit procurement for local councils in the Australian state of New South Wales. The Act mandated auditor selection decisions for local councils by requiring them to tender their audit services every six years, for tenure periods of six years. A survey of local council finance managers (equivalent to chief financial officers) was conducted to collect data on perceptions of attributes important in the auditor appointment decision within a CAT context. The study found that auditor and audit environmental attributes relating to audit quality, specifically technical competence, reputation and relationships with the incumbent auditor, were perceived to be the most important considerations in the auditor appointment decision. The study provides initial evidence to suggest that audit tendering is not necessarily associated with lower levels of audit quality, as has been claimed, and provides preliminary evidence on what might be expected if compulsory audit tendering is adopted in other jurisdictions.
- Description
- 55 page(s)
- Subject Keyword
- 150100 Accounting, Auditing and Accountability
- Subject Keyword
- audit procurement
- Subject Keyword
- compulsory audit tendering
- Subject Keyword
- auditor appointment
- Subject Keyword
- multi-attribute auditor appointment (choice) literature
- Subject Keyword
- local government (municipal) audit
- Resource Type
- conference paper
- Organisation
- Macquarie University. Dept. of Accounting and Finance
- Identifier
- http://hdl.handle.net/1959.14/84974
- Identifier
- mq-rm-2007002161
- Language
- eng
- Reviewed
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