The Strength of Industry Specialization: Highlighted by the IFRS Adoption in the EU

Persistent Link:
http://hdl.handle.net/10150/297621
Title:
The Strength of Industry Specialization: Highlighted by the IFRS Adoption in the EU
Author:
Hall, Taylor Jane
Issue Date:
2013
Publisher:
The University of Arizona.
Rights:
Copyright © is held by the author. Digital access to this material is made possible by the University Libraries, University of Arizona. Further transmission, reproduction or presentation (such as public display or performance) of protected items is prohibited except with permission of the author.
Abstract:
This study explores the impact that an audit industry specialist has on a firm’s audit quality after the implementation of a large change in financial reporting regulation. One of the main goals of IFRS was to increase the comparability of financial statements. I investigate whether IFRS increased the comparability of financial statements insomuch as it affected audit industry specialists’ ability to transfer knowledge between clients, thereby affecting the quality of their audits. Although my results are inconclusive, the explanation may be attributed to the increase in comparability being strong enough to benefit the non-industry specialist users but not being enough to increase already high quality audits of industry specialists.
Type:
text; Electronic Thesis
Degree Name:
B.S.
Degree Level:
bachelors
Degree Program:
Honors College; Accounting
Degree Grantor:
University of Arizona
Advisor:
Dhaliwal, Dan

Full metadata record

DC FieldValue Language
dc.language.isoenen_US
dc.titleThe Strength of Industry Specialization: Highlighted by the IFRS Adoption in the EUen_US
dc.creatorHall, Taylor Janeen_US
dc.contributor.authorHall, Taylor Janeen_US
dc.date.issued2013-
dc.publisherThe University of Arizona.en_US
dc.rightsCopyright © is held by the author. Digital access to this material is made possible by the University Libraries, University of Arizona. Further transmission, reproduction or presentation (such as public display or performance) of protected items is prohibited except with permission of the author.en_US
dc.description.abstractThis study explores the impact that an audit industry specialist has on a firm’s audit quality after the implementation of a large change in financial reporting regulation. One of the main goals of IFRS was to increase the comparability of financial statements. I investigate whether IFRS increased the comparability of financial statements insomuch as it affected audit industry specialists’ ability to transfer knowledge between clients, thereby affecting the quality of their audits. Although my results are inconclusive, the explanation may be attributed to the increase in comparability being strong enough to benefit the non-industry specialist users but not being enough to increase already high quality audits of industry specialists.en_US
dc.typetexten_US
dc.typeElectronic Thesisen_US
thesis.degree.nameB.S.en_US
thesis.degree.levelbachelorsen_US
thesis.degree.disciplineHonors Collegeen_US
thesis.degree.disciplineAccountingen_US
thesis.degree.grantorUniversity of Arizonaen_US
dc.contributor.advisorDhaliwal, Dan-
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