Audit quality and informational asymmetry: an analysis in the period before and after adoption of the international accounting standards
This study investigates which elements of audit quality (AQ) contribute to the reduction of information asymmetry (AI) in listed companies in the period before and after IFRS adoption. Regressions with panel data were estimated to test the relationship between IA and AQ in 82 companies between 2003...
| Main Authors: | , |
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| Format: | Article |
| Language: | Portuguese |
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Universidade Federal de Santa Catarina
2020-05-01
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| Series: | Revista Contemporânea de Contabilidade |
| Subjects: | |
| Online Access: | https://periodicos.ufsc.br/index.php/contabilidade/article/view/58424 |
| _version_ | 1818240072386871296 |
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| author | Térsio Arcúrio Júnior Rodrigo de Souza Gonçalves |
| author_facet | Térsio Arcúrio Júnior Rodrigo de Souza Gonçalves |
| author_sort | Térsio Arcúrio Júnior |
| collection | DOAJ |
| description | This study investigates which elements of audit quality (AQ) contribute to the reduction of information asymmetry (AI) in listed companies in the period before and after IFRS adoption. Regressions with panel data were estimated to test the relationship between IA and AQ in 82 companies between 2003 and 2016. The main results are: there is a significant and negative relationship between AQ elements (BIG4, TA, ESP and CA) and IA; there is a significant and negative relationship between the control variables (COB, INT, FLOAT and NM) in relation to IA and; there is a higher relevance of the AQ in reducing the AI in the IFRS post-adoption period. The study can contribute: showing which attributes related to the AQ are associated with the information quality; providing the capital market and accounting practices regulators informational subsidies and; helping investors to improve the identification of companies’ characteristics with higher information quality. |
| first_indexed | 2024-12-12T13:07:38Z |
| format | Article |
| id | doaj.art-8553c25bea6540c8803b78d663388d50 |
| institution | Directory Open Access Journal |
| issn | 1807-1821 2175-8069 |
| language | Portuguese |
| last_indexed | 2024-12-12T13:07:38Z |
| publishDate | 2020-05-01 |
| publisher | Universidade Federal de Santa Catarina |
| record_format | Article |
| series | Revista Contemporânea de Contabilidade |
| spelling | doaj.art-8553c25bea6540c8803b78d663388d502022-12-22T00:23:37ZporUniversidade Federal de Santa CatarinaRevista Contemporânea de Contabilidade1807-18212175-80692020-05-011742385610.5007/2175-8069.2020v17n42p3834243Audit quality and informational asymmetry: an analysis in the period before and after adoption of the international accounting standardsTérsio Arcúrio Júnior0Rodrigo de Souza Gonçalves1Especialista em Regulação de Serviços Públicos de Telecomunicações, Brasília/DF, BrasilProfessor Associado da Faculdade de Economia, Administração e Contabilidade (UnB), Brasília/DF, BrasilThis study investigates which elements of audit quality (AQ) contribute to the reduction of information asymmetry (AI) in listed companies in the period before and after IFRS adoption. Regressions with panel data were estimated to test the relationship between IA and AQ in 82 companies between 2003 and 2016. The main results are: there is a significant and negative relationship between AQ elements (BIG4, TA, ESP and CA) and IA; there is a significant and negative relationship between the control variables (COB, INT, FLOAT and NM) in relation to IA and; there is a higher relevance of the AQ in reducing the AI in the IFRS post-adoption period. The study can contribute: showing which attributes related to the AQ are associated with the information quality; providing the capital market and accounting practices regulators informational subsidies and; helping investors to improve the identification of companies’ characteristics with higher information quality.https://periodicos.ufsc.br/index.php/contabilidade/article/view/58424qualidade informacionalqualidade da auditoriaassimetria de informaçãoconvergência internacional |
| spellingShingle | Térsio Arcúrio Júnior Rodrigo de Souza Gonçalves Audit quality and informational asymmetry: an analysis in the period before and after adoption of the international accounting standards Revista Contemporânea de Contabilidade qualidade informacional qualidade da auditoria assimetria de informação convergência internacional |
| title | Audit quality and informational asymmetry: an analysis in the period before and after adoption of the international accounting standards |
| title_full | Audit quality and informational asymmetry: an analysis in the period before and after adoption of the international accounting standards |
| title_fullStr | Audit quality and informational asymmetry: an analysis in the period before and after adoption of the international accounting standards |
| title_full_unstemmed | Audit quality and informational asymmetry: an analysis in the period before and after adoption of the international accounting standards |
| title_short | Audit quality and informational asymmetry: an analysis in the period before and after adoption of the international accounting standards |
| title_sort | audit quality and informational asymmetry an analysis in the period before and after adoption of the international accounting standards |
| topic | qualidade informacional qualidade da auditoria assimetria de informação convergência internacional |
| url | https://periodicos.ufsc.br/index.php/contabilidade/article/view/58424 |
| work_keys_str_mv | AT tersioarcuriojunior auditqualityandinformationalasymmetryananalysisintheperiodbeforeandafteradoptionoftheinternationalaccountingstandards AT rodrigodesouzagoncalves auditqualityandinformationalasymmetryananalysisintheperiodbeforeandafteradoptionoftheinternationalaccountingstandards |