Faculty Profile

Tobias Svanstrøm

Professor - Department of Accounting, Auditing and Business Analytics

Biography

Tobias Svanström is a Professor in Auditing at the BI Norwegian Business School. He holds a PhD from Umeå University,

His research interest includes audit quality, auditor reporting, audit effort, audit partner characteristics, audit teams attributes, non-audit services and public oversight of auditors. He has published in leading journals in the field such as Contemporary Accounting Research, Auditing: A journal of Practice and Theory, European Accounting Review and Accounting and Business Research. He has also published multiple book chapters including in The Routledge Companion to Auditing.

Area of Expertise

Publications

Che, Limei & Svanstrøm, Tobias (2019)

Team Composition and Labor Allocation in Audit Teams: A Descriptive Note

Managerial Auditing Journal, 34(5), s. 514- 544. Doi: 10.1108/MAJ-08-2018-1986 - Full text in research archive

Bjørndalen, Simen; Kim-Rafiq, Akthar Larsen & Svanstrøm, Tobias (2019)

Rådgivningstjenester og revisjonskvalitet

Magma - Tidsskrift for økonomi og ledelse, s. 65- 79. - Full text in research archive

Denne artikkelen analyserer vi den tiltenkte effekten av revisjonsforordningen om begrensninger i honorar for rådgivningstjenester (537/2014/EU).1 Den monetære begrensningen på rådgivningstjenester er satt til maksimalt 70 prosent av de siste tre års gjennomsnittlige honorar for lovpålagt revisjon.2 Vi undersøker hvorvidt målsettingen om økt revisjonskvalitet gjennom reduserte rådgivningstjenester har stadfeste i empiri. Vi benytter estimerte skjønnsmessige periodiseringer som måleparameter på revisjonskvalitet, ettersom dette er et relevant mål på revisors evne til å begrense ekstreme og opportunistiske regnskapsvalg fra ledelsen (Myers mfl., 2003). For å beregne andelen av estimerte skjønnsmessige periodiseringer har vi benyttet Modified Jones Model, som gjennom empiri har vist seg å være blant de mest anerkjente og brukte som indikasjon på lav regnskapskvalitet (Dechow mfl., 1995). Vi deler inn tre ulike nivåer på estimerte skjønnsmessige periodiseringer: resultatøkende, reduserende og absolutt. Det som skiller denne studien fra tidligere forskning, er blant annet dens rekkevidde. Undersøkelsen gjennomføres for 30 land i Europa, i perioden 2009 til 2015. Som et eksplorativt bidrag deler vi inn i fem ulike strata basert på regnskapsteoretiske likheter mellom nasjonene, og sammenligner mot hovedmodellene. Videre undersøker vi også hvorvidt vårt datasett kan underbygge 70 prosent-grensen på honorar for rådgivningstjenester slik den er fastsatt i revisjonsforordningen. Vår analyse kan antyde at rådgivningstjenester påvirker revisjonskvalitet negativt. Dette innebærer at en økning i rådgivningstjenester indikerer synkende kvalitet på revisjonen som utføres. Videre kan våre funn tyde på at begrensningen på honorar for rådgivningstjenester antageligvis er satt for høyt.

Che, Limei; Langli, John Christian & Svanstrøm, Tobias (2018)

Education, Experience, and Audit Effort

Auditing: A journal of Practice and Theory, 37(3), s. 91- 115. Doi: 10.2308/ajpt-51896

This paper examines how audit effort, measured by the estimated number of audit hours used to perform the clients' audits, is associated with engagement partners' formal education, continuing professional education (CPE), and professional experience. Although the literature provides considerable evidence for the determinants of audit fees, our understanding of how audit effort is related to these partner characteristics is limited. The aim of this paper is to shed light on partner specific factors that may influence how much audit effort they and their team members exert. Using a sample of 1,738 unique partners and 178,770 client-year observations, we find evidence that auditors with a master's degree exert more effort than those with a bachelor's degree. We also find a positive relation between audit effort and CPE. The relation between audit effort and professional experience is non-linear: the least experienced auditors put in the least effort, moderately experienced auditors exert the most effort, while the effort level of the most experienced auditors is in between. We also document that the accuracy of going concern modified audit reports is higher for more knowledgeable auditors.

Giunti, Giulia & Svanstrøm, Tobias (2017)

The Role of Auditing in Banks’ Risk Assessment of SMEs: A literature review and new venues for future research

Tesar, George & Vincze, Zsuszanna (red.). Motivating SMEs to Cooperate and Internationalize: A Dynamic Perspective

Sundgren, Stefan & Svanstrøm, Tobias (2017)

Is the Public Oversight of Auditors Effective? The Impact of Sanctions on Loss of Clients, Salary and Audit Reporting

European Accounting Review, 26(4), s. 787- 818. Doi: 10.1080/09638180.2016.1203345 - Full text in research archive

Svanstrøm, Tobias (2016)

Time Pressure, Training Activities and Dysfunctional Auditor Behavior: Evidence from Small Audit Firms

International Journal of Auditing, 20(1), s. 42- 51. Doi: 10.1111/ijau.12054

Svanstrøm, Tobias & Alexeyeva, Irina (2015)

The Impact of the Global Financial Crisis on Audit and Non-Audit Fees: Evidence from Sweden

Managerial Auditing Journal, 30(5/6), s. 302- 323. Doi: 10.1108/MAJ-04-2014-1025

Langli, John Christian & Svanstrøm, Tobias (2014)

Audits of private companies

Knechel, W. Robert; Willekens, Marleen & Hay, D. W. (red.). The Routledge Companion to Auditing

Sormunen, Nina; Jeppesen, Kim Klarskov, Sundgren, Stefan & Svanstrøm, Tobias (2013)

Harmonisation of Audit Practice: Empirical Evidence from Going-Concern Reporting in the Nordic Countries

International Journal of Auditing, 17(3), s. 308- 326. Doi: doi:10.1111/ijau.12007

Sundgren, Stefan & Svanstrøm, Tobias (2013)

Auditor-in-Charge Characteristics and Going Concern Reporting

Contemporary Accounting Research, 31(2), s. 531- 550. Doi: 10.1111/1911-3846.12035

Sundgren, Stefan & Svanstrøm, Tobias (2013)

Audit office size, audit quality and audit pricing: evidence from small- and medium-sized enterprises

Accounting and Business Research, 43(1), s. 31- 55. Doi: 10.1080/00014788.2012.691710

Svanstrøm, Tobias (2012)

Non-audit services and audit quality: Evidence from private firms

The European Accounting Review, 22(2), s. 337- 366. Doi: 10.1080/09638180.2012.706398

Svanstrøm, Tobias & Boter, Håkan (2012)

Regional Variation in the SME-Audit Firm Relationship

Journal of Modern Accounting and Auditing, 8(3), s. 340- 356.

Svanstrøm, Tobias & Sundgren, Stefan (2012)

The Demand for Non-audit Services and Auditor-Client Relationships - Evidence from Swedish Small and Medium-sized Enterprises

International Journal of Auditing, 16(1), s. 54- 78. Doi: 10.1111/j.1099-1123.2011.00441.x

Svanstrøm, Tobias (2011)

Förbud mot rådgivningstjänster till revisionsklienter och krav på rotation av revisionsbyrå - Är revisorns oberoende överreglerat?

Bråthen, Tore (red.). Moderne forretningsjus II

Che, Limei & Svanstrøm, Tobias (2018)

Resource Allocation and Risk Premium to Public versus Private Audit Clients

[Academic lecture]. Stockholm School of Economics.

Che, Limei & Svanstrøm, Tobias (2017)

Resource allocation and billing policies in different engagement risk environments

[Academic lecture]. The 16th International Empirical Accounting Research in China.

Che, Limei & Svanstrøm, Tobias (2017)

Resource allocation in different engagement risk environments

[Academic lecture]. Central University of Finance and Economics.

Che, Limei & Svanstrøm, Tobias (2017)

Resource Allocation in different engagement risk environments

[Academic lecture]. Fudan University.

Svanstrøm, Tobias (2015)

Vilka är de vanligaste bristerna i en revision? En kartläggning av RN:s disciplinärenden 2009-2014.

[Popular scientific article]. Balans : tidskrift för redovisning och revision, s. 12- 14.

Svanstrøm, Tobias (2014)

En studie av revisorers rapportering av fortsatt drift

[Popular scientific article]. Balans : tidskrift för redovisning och revision, 40(3), s. 10- 12.

Svanstrøm, Tobias & Sundgren, Stefan (2010)

Avskaffad plikt kräver ökat fokus på rådgivningstjänster

[Article in business/trade/industry journal]. Balans : tidskrift för redovisning och revision, s. 50- 53.

Svanstrøm, Tobias (2010)

Demand for volundary financial audits: Evidence from Sweden

[Academic lecture]. 5th Workshop on Auditing and Financial Accounting Research (AFAR).

Academic Degrees
Year Academic Department Degree
2008 Umeå University Ph.D.
2001 Umeå University Master
Work Experience
Year Employer Job Title
2018 - Present Umeå University Professor
2017 - Present BI Norwegian Business School Professor