Impact of regulatory pressure on auditing timeframe and risk: evidence from the U.S. energy industry

• Autorzy: Maksymilian Kochański

Warianty tytułu

Wpływ presji regulacyjnej na ramy czasowe i ryzyko audytu: dane z amerykańskiego przemysłu energetycznego

• Języki publikacji: EN

Abstrakty

EN

This study examines the impact of regulatory pressure in the U.S. energy industry on auditing timeframe and risk based on a sample of 150 audit fee disclosures from proxy statements as well as 150 audit reports filed in 2012/2013 with Securities and Exchange Commission. It was found that in economic terms, the impact of moving from a non-regulated to a regulated industry on audit fees is a decrease of those fees by 15%. While the study results indicate that audit fees significantly decrease (increase) when the client firm operates in the regulated energy industry (non-regulated industry), no impact of regulations on audit timeframe is reported. (original abstract)

Artykuł stanowi analizę wpływu presji regulacyjnej w amerykańskim sektorze energetycznym na ramy czasowe i ryzyko audytu finansowego w oparciu o badanie próby 150 przedsiębiorstw w zakresie informacji o poziomie opłat audytowych oraz raportów audytorów złożonych w latach 2012/2013 w Komisji Papierów Wartościowych i Giełd (Securities and Exchange Commission). Ustalono, że w wymiarze ekonomicznym przejście z sektora nieregulowanego do regulowanego wpływa na obniżenie opłat audytowych o 15%. Podczas gdy przedstawione wyniki jednoznacznie wskazują, że opłaty audytowe są znacznie mniejsze w sektorze regulowanym niż w sektorach nieregulowanych, nie potwierdzono wpływu regulacji sektorowych na wydłużenie bądź skrócenie ram czasowych audytu. (abstrakt oryginalny)

Słowa kluczowe

EN

Economic regulations; Electric power engineering; Energy market; Energy policy; Financial audit; Financial risk

PL

Regulacja ekonomiczna; Elektroenergetyka; Rynek energetyczny; Polityka energetyczna; Audyt finansowy; Ryzyko finansowe

• Czasopismo: Acta Innovations
• Rocznik: 2014
• Numer: nr 11
• Strony: 5--14

Twórcy

autor

Maksymilian Kochański

• CBI Pro-Akademia

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