United States and European Union Auditor Independence Regulation

Implications for Regulators and Auditing Practice

  • Authors
  • Christiane¬†Strohm

About this book


In recent years, the Sarbanes-Oxley-Act has received international attention unlike few other laws. The rules presented in this act take influence on business practice and dominate the ongoing discussion on business constitution in the USA as well as in Europe.

Christiane Strohm investigates the effects of the Sarbanes-Oxley-Act and the revised 8th EU-Directive on auditing. The results of her first experiment indicate that there is a difference in the communication and safeguarding effects of a regulation, depending on the precision of its wording. Findings of her second experiment show that safeguarding effects also depend on auditors' monetary incentives and on perceived costs of litigation. The author also tests the effectiveness of a transparency report which is proposed by the European Union. The most important safeguards (policies and procedures) are perceived to be quality assurance, internal quality controls and independence practice and compliance.


8th Directive Auditing Auditor Independence Regulation Auditor independence risk Principles-based Rules-based Sarbanes-Oxley Act USA business communication complexity corporate governance design development regulation

Bibliographic information

  • DOI
  • Copyright Information Deutscher Universit√§ts-Verlag | GWV Fachverlage GmbH, Wiesbaden 2006
  • Publisher Name DUV
  • eBook Packages Business and Economics
  • Print ISBN 978-3-8350-0287-6
  • Online ISBN 978-3-8350-9115-3
  • Buy this book on publisher's site
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