The Auditor as a Determining Factor on Derivative Financial Instrument Disclosures

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Author(s): Kátia Lemos (Instituto Politécnico do Cávado e do Ave, Portugal), Sara Serra (Instituto Politécnico do Cávado e do Ave, Portugal)and Amidel Barros (Instituto Politécnico do Cávado e do Ave, Portugal)
Copyright: 2019
Pages: 24
Source title: Organizational Auditing and Assurance in the Digital Age
Source Author(s)/Editor(s): Rui Pedro Marques (University of Aveiro, Portugal), Carlos Santos (University of Aveiro, Portugal)and Helena Inácio (University of Aveiro, Portugal)
DOI: 10.4018/978-1-5225-7356-2.ch004

Keywords: Accounting & Finance / Accounting and Finance / Business & Management / Business Science Reference

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Abstract

Based on the premise that the quality of the audit is related to the quality of the financial reporting, the purpose of this chapter is to verify if the audit is a determining factor in derivative financial instruments disclosures. However, the academic literature has revealed that audit quality is influenced by a number of factors, such as gender, experience, and auditor's fees, as well as the type of audit firm (Big4 or not Big4). In order to achieve the proposed objective, a disclosure index was prepared, based on the requirements of the International Accounting Standards Board (IASB), applied to companies listed on Euronext Lisbon, excluding the sports corporations. The results revealed that the level of disclosure is influenced by the size of the audited company and by the auditor's gender, being greater in the larger companies and in the companies audited by a male auditor.

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The Auditor as a Determining Factor on Derivative Financial Instrument Disclosures

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