External audit quality and firms’ credit score

Using a sample of UK firms, we investigate whether external audit quality has an informational role for firms credit score. In our general research setting, we could not find any evidence on the association between firms’ credit score and external audit quality. However, when firms are suspected to...

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Autores principales:	Alaa Mansour Zalata, Hany Elzahar, Craig McLaughlin
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2020
Materias:	audit quality industry-specialised auditors audit fee non-audit fee credit rating Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/a80b68a528704f2585a2ecb67e2991bf
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spelling	oai:doaj.org-article:a80b68a528704f2585a2ecb67e2991bf2021-12-02T18:21:51ZExternal audit quality and firms’ credit score2331-197510.1080/23311975.2020.1724063https://doaj.org/article/a80b68a528704f2585a2ecb67e2991bf2020-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2020.1724063https://doaj.org/toc/2331-1975Using a sample of UK firms, we investigate whether external audit quality has an informational role for firms credit score. In our general research setting, we could not find any evidence on the association between firms’ credit score and external audit quality. However, when firms are suspected to be engaged in managerial misstatements, firms’ credit score seems to be associated with external audit quality. In particular, suspected firms get high credit score when they are audited by one of industry-specialised auditors. In addition, credit rating agencies penalise suspect firms when they pay high audit and non-audit fees.Alaa Mansour ZalataHany ElzaharCraig McLaughlinTaylor & Francis Grouparticleaudit qualityindustry-specialised auditorsaudit feenon-audit feecredit ratingBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 7, Iss 1 (2020)
institution	DOAJ
collection	DOAJ
language	EN
topic	audit quality industry-specialised auditors audit fee non-audit fee credit rating Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	audit quality industry-specialised auditors audit fee non-audit fee credit rating Business HF5001-6182 Management. Industrial management HD28-70 Alaa Mansour Zalata Hany Elzahar Craig McLaughlin External audit quality and firms’ credit score
description	Using a sample of UK firms, we investigate whether external audit quality has an informational role for firms credit score. In our general research setting, we could not find any evidence on the association between firms’ credit score and external audit quality. However, when firms are suspected to be engaged in managerial misstatements, firms’ credit score seems to be associated with external audit quality. In particular, suspected firms get high credit score when they are audited by one of industry-specialised auditors. In addition, credit rating agencies penalise suspect firms when they pay high audit and non-audit fees.
format	article
author	Alaa Mansour Zalata Hany Elzahar Craig McLaughlin
author_facet	Alaa Mansour Zalata Hany Elzahar Craig McLaughlin
author_sort	Alaa Mansour Zalata
title	External audit quality and firms’ credit score
title_short	External audit quality and firms’ credit score
title_full	External audit quality and firms’ credit score
title_fullStr	External audit quality and firms’ credit score
title_full_unstemmed	External audit quality and firms’ credit score
title_sort	external audit quality and firms’ credit score
publisher	Taylor & Francis Group
publishDate	2020
url	https://doaj.org/article/a80b68a528704f2585a2ecb67e2991bf
work_keys_str_mv	AT alaamansourzalata externalauditqualityandfirmscreditscore AT hanyelzahar externalauditqualityandfirmscreditscore AT craigmclaughlin externalauditqualityandfirmscreditscore
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External audit quality and firms’ credit score

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