Economic Consequences of Joint Audits - Prof. dr. A. Schatt (FAR Conference editorial)
During the FAR International Conference on 22 June 2020, professor Alain Schatt (University of Lausanne) presented a literature review on the use of joint audits in France. Schatt elaborated on the potential economic consequences of the joint audit in terms of market concentration, audit costs and audit quality. As also concluded in the AFM report, the current approach to the joint audit in France is not working as desired. In practice, the joint auditors simply divide the audit work and the smaller parties perform the easiest part.
Authors
Alain Schatt is Full Professor of Financial Accounting at HEC Lausanne, University of Lausanne.
Before joining HEC Lausanne, he has held different positions in academia. His research focuses on financial reporting, corporate governance and the audit market. In particular, he is interested in the consequences of specific regulations on audit quality and on the value of public firms.