Please use this identifier to cite or link to this item:
http://bura.brunel.ac.uk/handle/2438/12507
Title: | The Demand for Voluntary Audit in Micro-Companies: Evidence from Finland |
Authors: | Ojala, H Collis, J Kinnunen, J Niemi, L Troberg, P |
Keywords: | audit theory;external audit;regulation |
Issue Date: | 20-Jul-2016 |
Publisher: | Wiley |
Citation: | Ojala, H. et al. (2016) 'The Demand for Voluntary Audit in Micro-Companies: Evidence from Finland', International Journal of Auditing, 20 (3): pp. 267-277. doi: 10.1111/ijau.12070. |
Abstract: | The purpose of this study is to uncover additional determinants of the demand for voluntary audit in micro-companies by investigating the internal management factors that have not yet been explored in prior literature. The hypotheses are developed from the literature and interviews with owner-managers of such companies, bank lenders and the tax authority. The study is based on archival data relating to some 50,000 Finnish micro-companies over the three-year period following the introduction of audit exemption in 2008. Our results show that the drivers of voluntary audit are: (1) management needs to ensure security of supply from trade creditors, (2) the company is not in financial distress, (3) the company is growing, (4) management has a need for tax reporting credibility, and (5) ownership is dispersed. The results of this research will be of interest to the owners and managers of micro-companies, as well as the accounting and auditing profession. |
URI: | https://bura.brunel.ac.uk/handle/2438/12507 |
DOI: | https://doi.org/10.1111/ijau.12070 |
ISSN: | 1090-6738 |
Other Identifiers: | ORCiD: Jill Collis https://orcid.org/0000-0003-0674-3780 |
Appears in Collections: | Brunel Business School Research Papers |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
Fulltext.pdf | This is the peer reviewed version of the following article: Ojala, H., Collis, J., Kinnunen, J., Niemi, L., and Troberg, P. ( 2016) The Demand for Voluntary Audit in Micro‐Companies: Evidence from Finland. Int. J. Audit., 20: 267– 277., which has been published in final form at https://doi.org/10.1111/ijau.12070. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. | 634.03 kB | Adobe PDF | View/Open |
Items in BURA are protected by copyright, with all rights reserved, unless otherwise indicated.