The impact of MAS on auditor's independence: an experimental markets study

Article Abstract:

The influence of a management advisory service (MAS) on the supply and demand for audit and interrelated services is examined. An experimental market study of the adverse impact of MAS on auditor's independence, as well as the possible influence of auditors' provision of both MAS and audit services, is measured for two different institutions. A comparison of the nonrestricted and restricted markets for the two institutions shows the generation of equal levels of total wealth in the economic efficiencies of both markets.

Supply and demand, Auditing, Auditors

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Ultimate ownership, income management, and legal and extra-legal institutions

Article Abstract:

Evidence of the role of legal and extra-legal institutions in controlling the income management related to detachment of control rights of ultimate owners are provided. The result of the findings implies that a deep study of the extra-legal institutions can increase our understanding of the institutional reforms needed to control insider private control benefits.

United States, Legal issues & crime, Government regulation (cont), Government regulation, Management dynamics, Legal/Government Regulation, Financial Systems & Controls, Financial Management, Management, Laws, regulations and rules, Company business management, Personal income

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