Work

Reactions of the Spanish capital market to qualified audit reports

Year: 2004

Type: article

Abstract: Since mandatory auditing of financial statements was first established in Spain, very few studies have been conducted to test the information content of audit reports in the Spanish capital market. The aim of this study is, then, to test empirically whether there is a relationship between audit qualifications and stock prices in the context of the Spanish market. We have used the event study methodology for this purpose. Our findings show that qualified audit reports do not have information value for investors.

Source: European Accounting Review

DOI: 10.1080/0963818042000216848

Authors: María Consuelo Pucheta Martínez †, Antonio Vico Martínez, María Antonia García Benau

Institutions: Universitat Jaume I, Universitat de València

Language: English

Topic: Auditing, Earnings Management, Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W1966308775

FWCI: 14.7

Cites: 31

Cited by: 74

Related to: 10