Cordial saludo,

Este viernes 28 de julio de 2017 se llevará a cabo la cuadragésima quinta sesión del Seminario Interno de FEN donde se exponen trabajos en progreso de académicos y avances de tesis de estudiantes.

En esta ocasión se presentará:

"Audit perceived independence and audit market structure"

Autores: Harold López y Claudio Bonilla

Título: Audit perceived independence and audit market structure

Abstract: The audit market is characterized by a mix of a small group of large firms and a big group of smaller audit firms. We build upon the model presented by Magee and Tseng (1990) to shed light over the audit market’s structure. In particular, we focus on the perceived reputational cost borne by auditors of agreeing with the manager about controversial accounting issues. We claim that when the perceived reputational cost depends on the relative weight of a specific client over the total revenues, larger audit firms can charge higher fees for the same audits and clients would be willing to pay due to the premium given by investors for audits perceived as more independent.

El seminario se llevará a cabo a las 13:00 hrs en la sala T504 de la FEN. Se solicita confirmar asistencia con Madeleine Ulloa, al correo madulloa@fen.uchile.cl a más tardar el día jueves 27 de julio de 2017 a las 13:00 horas, ya que el seminario contempla almuerzo.