What drives voluntary audit adoption in small German companies?

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dc.contributor Aalto-yliopisto fi
dc.contributor Aalto University en
dc.contributor.author Weik, Andreas
dc.contributor.author Eierle, Brigitte
dc.contributor.author Ojala, Hannu
dc.date.accessioned 2018-12-10T10:13:30Z
dc.date.available 2018-12-10T10:13:30Z
dc.date.issued 2018-11-01
dc.identifier.citation Weik , A , Eierle , B & Ojala , H 2018 , ' What drives voluntary audit adoption in small German companies? ' INTERNATIONAL JOURNAL OF AUDITING , vol. 22 , no. 3 , pp. 503-521 . DOI: 10.1111/ijau.12134 en
dc.identifier.issn 1090-6738
dc.identifier.other PURE UUID: 31230e0e-974b-4928-af19-ee164e0bd652
dc.identifier.other PURE ITEMURL: https://research.aalto.fi/en/publications/what-drives-voluntary-audit-adoption-in-small-german-companies(31230e0e-974b-4928-af19-ee164e0bd652).html
dc.identifier.other PURE LINK: http://www.scopus.com/inward/record.url?scp=85052633664&partnerID=8YFLogxK
dc.identifier.other PURE FILEURL: https://research.aalto.fi/files/30077335/BIZ_Weik_et_al_2018_International_Journal_of_Auditing.pdf
dc.identifier.uri https://aaltodoc.aalto.fi/handle/123456789/34980
dc.description.abstract The purpose of this study is to validate the drivers of voluntary audit in small companies identified in previous research and uncover additional determinants related to agency conflicts with owners. For our research we use the German institutional setting, documented in the literature as being very different from its Anglo-Saxon equivalent. Based on a random sample of 405 small companies responding to a postal questionnaire survey, we find that the proportion of owners not involved in management, the subsidiary status of a company, a company's legal form, and the importance of financial statements' information to management activities all increase the likelihood of voluntary audit. In contrast, firms that outsource accounting tasks to an external expert are less likely to opt for voluntary audit, suggesting that an external expert's involvement substitutes for an external audit. In addition, owing to the absence of a statutory audit history for small companies in Germany, we find that voluntary audits are less common compared with findings from previous studies. en
dc.format.extent 19
dc.format.extent 503-521
dc.format.mimetype application/pdf
dc.language.iso en en
dc.relation.ispartofseries INTERNATIONAL JOURNAL OF AUDITING en
dc.relation.ispartofseries Volume 22, issue 3 en
dc.rights openAccess en
dc.subject.other Accounting en
dc.subject.other Economics, Econometrics and Finance(all) en
dc.subject.other 512 Business and management en
dc.title What drives voluntary audit adoption in small German companies? en
dc.type A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä fi
dc.description.version Peer reviewed en
dc.contributor.department University of Bamberg
dc.contributor.department Department of Accounting
dc.subject.keyword Agency theory
dc.subject.keyword auditor choice
dc.subject.keyword external audit
dc.subject.keyword Accounting
dc.subject.keyword Economics, Econometrics and Finance(all)
dc.subject.keyword 512 Business and management
dc.identifier.urn URN:NBN:fi:aalto-201812105995
dc.identifier.doi 10.1111/ijau.12134
dc.type.version publishedVersion

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