Collegio sindacale o revisori esterni: a chi affidare il controllo contabile? Un'indagine empirica sulla qualità del reddito delle società italiane

Abstract

The Italian Corporate Law Reform has separated the responsibilities of Financial Auditing - assigned to the External Auditors - and Administrative Auditing - assigned to the Statutory Auditors. However a selected number of companies can keep the Statutory Auditors in change of Financial Auditing. An empirical analysis was conducted to asses if External Auditors granted a higher Auditing Quality than Statutory Auditors. The Annual Report reliability was considered as a proxy for Auditing Quality.