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Harmonization in auditing practices: a comparative study on audit tenure effects between Germany and the United States

  • Using a matched sample of 1,806 fi rm-year observations from Germany and the United States over the sample period of 2005 to 2010, this paper examines audit practice differences between both countries. Our empirical results show qualitative similar results with regard to audit tenure effects on audit quality in Germany and the United States. The results imply that the increased process of accounting and audit harmonization worldwide have led to quite some similarities in auditing practices, respectively audit regulations. However, our empirical results also imply that beside specifi c audit regulation requirements, the auditing practices in Germany and the United States still differ signifi cantly. In particular, we are able to detect generally higher levels of earnings management for German companies than their matched counterparts from the United States. Our results are robust to a variety of sensitivity tests. This working paper was revised and published as <link http://www.hhl.de/en/research/publications/detail-page/?tx_publikationen_pi1%5Buid%5D=4121 - external-link-new-window "Opens external link in new window">HHL Working Paper 129</link>.

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Document Type:Working Paper
Author:Patrick Krauß, Henning ZülchORCiD
Chairs and Professorships:Chair of Accounting and Auditing
Year of Completion:2012
HHL Working Paper 113. Leipzig: HHL Leipzig Graduate School of Management, 2012