Accounting & Auditing: Interaction in the regulation and research ...
Accounting & Auditing: Interaction in the regulation and research ...
Accounting & Auditing: Interaction in the regulation and research ...
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<strong>Interaction</strong> 2<br />
• The auditor creats a new agency<br />
problem (risk of moral hazard <strong>and</strong><br />
collusion); <strong>the</strong>refore<br />
– <strong>the</strong> enforcement of account<strong>in</strong>g rules by<br />
auditors has to be supervised<br />
– <strong>in</strong>centives have to be given <strong>in</strong> order to support<br />
<strong>the</strong> <strong>in</strong>dependence of auditors, e.g. by liability<br />
W. Ballwieser: <strong>Account<strong>in</strong>g</strong> <strong>and</strong> <strong>Audit<strong>in</strong>g</strong> 14
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