Banca de QUALIFICAÇÃO: JOSÉ DIEGO BRAZ DA SILVA

Uma banca de QUALIFICAÇÃO de MESTRADO foi cadastrada pelo programa.
STUDENT : JOSÉ DIEGO BRAZ DA SILVA
DATE: 17/12/2020
TIME: 14:00
LOCAL: Videoconferência
TITLE:

WICKED EFFECTS OF THE WINNER'S CURSE ON PUBLIC CONTRACTS OF THE INDEPENDENT AUDIT

KEY WORDS:

Independent Audit, Fees, Degradation, Winner’s Curse

PAGES: 26
BIG AREA: Ciências Sociais Aplicadas
AREA: Administração
SUBÁREA: Ciências Contábeis
SUMMARY:

This research aims to evaluate the determining factors for the degradation of the fees of
independent auditors of state-owned companies and the possible effects on these
companies' quality of accounting information, in light of the winner’s curse. The Theory
of Auctions and the winner’s curse in contracting the services of the independent
auditor is considered from the electronic bidding mechanism. The audit firm as a bidder
when bidding in order to win the bid disregards its real cost estimate and prices its
services below a market reference value. Regarding the determinants of the auditors'
fees and the quality of the accounting information, a literature review was carried out on
the factors that affect the price of the independent audit of Brazilian companies and the
context of earnings management based on discretion accruals, respectively. In order to
achieve the research objective, data collection will take place based on the information
on hiring independent audit services available on the Federal Government's purchase
portals, on the state-owned companies' transparency portals, and on the Banco do
Brasil's bidding portal. (bidding-e). The study will use linear regression to estimate the
determinants of audit fees and the degradation of fees. For the first, the natural
logarithm of the audit fees obtained from the contracted amount in reais will be used as
a dependent variable; for the second dependent variable, the difference between the fee
for the contracted audit and the auction reference price will be used. To estimate the
discretionary accruals, the Kang e Silvaramakrishnam (1995) model will be used with
the variables extracted directly from the analyzed companies' financial statements.
Thus, it is expected to demonstrate which factors resulting from the electronic trading
contracting model determine the degradation of fees and what impacts they cause on the
quality of accounting information. Thus, contributing to the literature on independent
auditing and the effectiveness involving reverse auctions in applying the trading session
for independent audit technical service contracts.

BANKING MEMBERS:
Externa à Instituição - Michele Rílany Rodrigues Machado - UFG
Presidente - 225.326.681-72 - CÉSAR AUGUSTO TIBÚRCIO SILVA - UnB
Interno - 2314118 - ERIVAN FERREIRA BORGES