The "Stakeholder" approach in Audit Firms

Résumé du document

Audit firms are shared for the audit activity, a hand and on the other hand the most part, the response to the expectations of the audited parties, while ensuring the quality of the audit and good business management as any business. We try to propose a concept for measuring the performance of an audit firm by selecting Stakeholders approach. Thus, before listeners know who work in what capacity and what are the expectations of key stakeholders. We present for illustration with the article Ms. Ha Vu Viet EESSEC the doctoral program at the University of Paris XII, the concept of performance audit firm specifically in the statutory audit assignment of accounts, taking into account expectations of stakeholders.

The concept of stakeholder began his appearance at the drafting work focused primarily on shareholders (stockholders). This concept of stakeholder is discussed first in the seminal book "Strategic Management, a stakeholder approaches" freeman in 1984, which gives us a very broad definition: "A stakeholder in an organization and group or individual who can affect be affected by the achievement of the organization ". The willingness to give these stakeholders has a comparable to that of shareholders is clearly presented in the expression used. Clarkson says this definition in 1995 and introduces a distinction between primary and secondary stakeholder.

The theory of the firm of Hill and Jones 1992 is a theory of generalized agency, expanding the traditional framework to take into account all stakeholders and including in particular the phenomena of power. This theory also wants more realistic by questioning the existence of fully efficient markets. Returning to the original concept of normative stakeholder, Hill and Jones define them as having a legitimate claim established through an exchange relationship.

Extraits

[...] So performance is of multiple aspects, probably converge but needs to be addressed in a more comprehensive than the sole discretion of profitability for the firm or shareholders logic. More than any other company, the audit firm must ensure its responsibility away from multiple stakeholders. Each stakeholder in its own perspective on this responsibility. There is a sort of implicit contract between the firm and the company that the firm obligations to the company that has the right to control. The principle of responsibility that business activity beyond the strict framework of its production, it affects: the social, economic, environmental, and civic employees. [...]

[...] Finally, a final stakeholder is the one that has all three attributes. Indeed, if this urgency with both a character of legitimacy and power, leaders will naturally enough priority to it. The most typical case is that of becoming dominant steak "final" with the onset of the emergency, including shareholders faced with a drop in current or strategies considered risk managers. SECTION The performance of an audit firm by the stakeholder approach Characteristics of audit firms do not allow us to say that these firms work only for shareholders, by extension, for the financial markets, the mission of the audit is to apply the rules of the profession to perform audits quality, and that quality audit is a great product that attracts corporate clients and allows the firm is publicly traded. [...]

[...] Performance must consider the independence and competence of the auditor profession, and also for the commercial management of the firm as a profitable organization. It must be sustainable strategic competitive, socio-economic performance, organizational, which contains the main sense as a success, a result of the action or an action, a process (Bourguignon, 1997). Thus, the value of audit firms should be stakeholder value rather than the value of Marian actions. Indeed stakeholder value is based on an overall measure of profitability created by the structure in relation to the various stakeholders and not just shareholders. [...]

[...] SECTION The stakeholder theory The concept of stakeholder began his appearance at the drafting work focused primarily on shareholders (stockholders). This concept of stakeholder is discussed first in the seminal book "Strategic Management, a stakeholder approaches" freeman in 1984, which gives us a very broad definition: stakeholder in an organization and group or individual who can affect be affected by the achievement of the organization The willingness to give these stakeholders has a comparable to that of shareholders is clearly presented in the expression used. [...]

[...] The "STAKEHOLDER" APPROACH in Audit Firms INTRODUCTION Audit firms are shared for the audit activity, a hand and on the other hand the most part, the response to the expectations of the audited parties, while ensuring the quality of the audit and good business management as any business. We try to propose a concept for measuring the performance of an audit firm by selecting Stakeholders approach. Thus, before listeners know who work in what capacity and what are the expectations of key stakeholders. [...]