[ Comité d’audit et rémunération des auditeurs externes au Maroc ]
Volume 20, Issue 1, April 2017, Pages 9–16
Mohamed Yassine EL HADDAD1 and Zakaria EZ-ZARZARI2
1 Département des sciences de gestion, Faculté des sciences juridiques, économiques et sociales, Université Mohammed V, Morocco
2 Département des sciences de gestion, Faculté des sciences juridiques, économiques et sociales-Agdal, Université Mohammed V, Rabat, Morocco
Original language: French
Copyright © 2017 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
The purpose of this paper is to try to explain in the Moroccan context the impact of the presence of audit committees on the remuneration of external auditors including the auditors. The sample includes 27 companies divided on four sectors of activity. This limited number of firms studied is due to the requirements of the Dechow, Sloan and Sweeny (1995) model of the earning management, which requires a minimum of six (6) companies by sector. The analysis of the proposed model via the stepwise method allows in highlighting an indirect relationship between the Audit Committee and the remuneration of the auditors. This relationship is explained by: (1) The size of the company, meaning, the bigger the size of the company, the larger the earnings management, which requires a high remuneration of the auditors. (2) The percentage held by the leaders influence the remuneration received by the auditors. The results obtained explained by the size of the company (1) and the percentage held by its leaders (2) allow in concluding that the latter foster the establishment of audit committees which in turn allows in increasing the remuneration of the auditors.
Author Keywords: Total Accruals, Discretionary Accruals, Non-discretionary Accruals, External Auditor, Earning management.
Volume 20, Issue 1, April 2017, Pages 9–16
Mohamed Yassine EL HADDAD1 and Zakaria EZ-ZARZARI2
1 Département des sciences de gestion, Faculté des sciences juridiques, économiques et sociales, Université Mohammed V, Morocco
2 Département des sciences de gestion, Faculté des sciences juridiques, économiques et sociales-Agdal, Université Mohammed V, Rabat, Morocco
Original language: French
Copyright © 2017 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
The purpose of this paper is to try to explain in the Moroccan context the impact of the presence of audit committees on the remuneration of external auditors including the auditors. The sample includes 27 companies divided on four sectors of activity. This limited number of firms studied is due to the requirements of the Dechow, Sloan and Sweeny (1995) model of the earning management, which requires a minimum of six (6) companies by sector. The analysis of the proposed model via the stepwise method allows in highlighting an indirect relationship between the Audit Committee and the remuneration of the auditors. This relationship is explained by: (1) The size of the company, meaning, the bigger the size of the company, the larger the earnings management, which requires a high remuneration of the auditors. (2) The percentage held by the leaders influence the remuneration received by the auditors. The results obtained explained by the size of the company (1) and the percentage held by its leaders (2) allow in concluding that the latter foster the establishment of audit committees which in turn allows in increasing the remuneration of the auditors.
Author Keywords: Total Accruals, Discretionary Accruals, Non-discretionary Accruals, External Auditor, Earning management.
Abstract: (french)
L’objectif de cet article est d’essayer d’expliquer dans le contexte marocain l’impact de la présence des comités d’audit sur la rémunération des auditeurs externes notamment les commissaires aux comptes. L’échantillon choisi comprend 27 entreprises réparties sur quatre secteurs d’activité. Ce nombre limité des firmes étudiées est dû aux exigences du modèle Dechow, Sloan et Sweeny (1995) de la gestion de résultat qui exige un minimum de 6 entreprises par secteur. L’analyse du modèle proposé via la méthode Stepwise (pas à pas) permet de ressortir une relation indirecte entre le comité d’audit et la rémunération des commissaires aux comptes. Cette relation est expliquée par : (1) la taille de l’entreprise c’est à dire, plus la taille de l’entreprise est grande et plus la gestion de résultat est élevée ce qui nécessite une rémunération élevée des commissaires aux comptes. (2) le pourcentage détenu par les dirigeants influence les rémunérations perçues par les commissaires aux comptes. Les résultats obtenus expliqués par La taille de l’entreprise (1) et le pourcentage détenu par ses dirigeants (2) permettent de conclure que ces derniers favorisent la mise en place des comités d’audit qui, à leur tour permettent d’augmenter les honoraires des commissaires aux comptes.
Author Keywords: Accruals Totaux, Accruals discrétionnaires, Accruals Non-discrétionnaires, Audit Externe, Gestion de Résultat.
How to Cite this Article
Mohamed Yassine EL HADDAD and Zakaria EZ-ZARZARI, “Audit committee and remuneration of external auditors in Morocco,” International Journal of Innovation and Applied Studies, vol. 20, no. 1, pp. 9–16, April 2017.
