DOXOPOULOU, KYRIAKI

2016-05-14T00:00:22Z

https://repository.ihu.edu.gr//xmlui/handle/11544/14536

Voluntary Audit

Logistic Regression

masterThesis

ACCOUNTING

Accounting

Auditing

Auditing--Greece

free

Abdel - khalik, A.R. (1993) Why do private companies demand auditing? A case for or- ganizational loss of control. Journal of Accounting, Auditing & Finance , 8(1):31 - 52 Ayyagari, M., Beck, T. & Demirgüç - Kunt, A. (2003), Small and Medium Enterprises Across th e Globe: A New Database, World Bank Publications , 3127 Carey, P., Simnett, R. & Tanewski, G. (2000) Voluntary demand for internal and exter- nal auditing by 38 family businesses. Auditing: A Journal of Practice & Theory , 19(1):37 - 51 Collis, J. (2010) Audit e xemption and the demand for voluntary audit: a comparative study of the UK and Denmark. International Journal of Auditing , 14(2):211 - 231 Collis, J. (2012) Determinants of voluntary audit and voluntary full accounts in micro - and non - micro small companies in the UK. Accounting and Business Research , 42(4):441 - 468 Collis, J., Jarvis, R. & Skerratt, L. (2004) The demand for the audit in small companies in the UK. Accounting and Business Research , 34(2):87 - 100 Davies, M., Paterson, R. & Wilson, A. (1999) UK GAAP . Butterwoth’s Toiley Dedman, E. & Kausar, A. (2012) The impact of voluntary audit on credit ratings: evi- dence from UK private firms. Accounting and Business Research , 42(4):397 - 418 Dedman, E., Kausar, A. & Lennox, C. (2014) The demand for audit in private firms: re- cent large - sample 39 evidence from the UK. European Accounting Review , 23(1):1 - 23 Edinburgh Group (2012) Growing the global economy through SMEs: http://www.edinburgh - group.org/media/2776/edinburgh_group_research_ - _growing_the_global_economy_through_smes.pdf GSEVEE (2014) The development of SMEs in Greece, Policy document: http://www.gsevee.gr/press/mme_eng.pdf - 45 - Gill, G.S. & Cosserat, G.W.P. (1996) Modern Auditing in Australia. 4 th Edition. John Wiley & Sons GrantThornton (2015) UK implementation of the new EU Accounting Directive will lead to a major shake - up of small company accounts and changes for all other companies too. GrantThorton . February: http://www.grant - thornton.co.uk/Documents/Tax/EU - Accounting - Direc tive - Factsheet%20 - %20Feb%2015.pdf Guntert, A. (2000) Audit Plaudits: Good news for companies and practitioners. Or is it? Accountancy , June:75 - 76 Hay, D. & Davis, D. (2004) The voluntary choice of an auditor of any level of quality. Auditing: A journal of practice & theory , 23(2):37 - 53 Jensen, M.C. & Meckling, W.H. (1976) Theory of the Firm: Managerial Behavior, Agency Costs and the Ownership Structure. Journal of Financial Economics , 3:305 - 360 Kim, J.B., Simunic, D.A., Stein, M.T. & Yi, C.H. (2011) Volunt ary Audits and the Cost of Debt Capital for Privately Held Firms: Korean Evidence. Contemporary Accounting Re- search, 28(2): 585 – 615 Lee, T.H. & Azham, A.M (2008) The evolution of auditing: An analysis of the historical development. Journal of Modern Accou nting and Auditing , 4(12):1 - 8 Lennox, C.S. & Pittman, J.A. (2011) Voluntary audits versus mandatory audits. The Ac- counting Review , 86(5):1655 - 1678 Leung, P., Coram, P., Cooper, B., Cosserat. G. & Gill., G. (2004) Modern auditing and assurance service. 2 nd Edition. John Wiley & Sons Mitrellos, G. (2014) Which firms are excluded from... auditors (in Greek). Euro2day.gr . November 26 th : http ://www.euro2day.gr/specials/opinions/article/1278047/poies - etaireies - apallassontai - apo - ton - orkoto.html Porter, B., Simon, J. & Hatherly, D. (2005) Principles of external auditing. John Wiley & Sons - 46 - Ramos, M. (2003) Auditors’ responsibility for fraud detec tion. Journal of Accountancy , 195:28 - 37 Salehi, M. (2007) An empirical study of corporate audit expectation gap in Iran. Un- published Doctoral dissertation,University of Mysore, India. Cited in Lee, T.H. & Azham, A.M (2008) The evolution of auditing: An ana lysis of the historical development. Jour- nal of Modern Accounting and Auditing , 4(12):1 - 8 Willenborg, M. (1999) Empirical analysis of the economic demand for auditing in the initial public offerings market. Journal of Accounting Research, 37(1): 225 – 238

2015-11-14

INTRODUCTION........ .................... .................... .................... .................... .................. 1 THEORETICAL REVIEW .................... .................... .................... .................... ................ 4 H ISTORY OF AUDITING ....................................................................................................... 4 C RITERIA OF EXCEPTION FROM MANDATORY AUDI TING ............................................................. 5 T HEORIES OF V OLUNTARY A UDIT ......................................................................................... 6 Agency factors ................................................................................................... 6 Management factors .................................... ..................................................... 7 Signaling ............................................................................................................ 8 R ELEVANT E MPIRICAL F INDINGS AND H YPOTHESES D EVELOPMENT ............................................. 9 Size .................................................................... ............................................... 10 Debt ................................................................................................................. 11 Family ownership ............................................................................................. 12 Financial performance ....................... ..................... ......................................... 13 Audit Characteristics ......................... ............................................................... 14 EMPIRICAL RESEARCH .................... .................... .................... ... .................... ........... 16 V ARIABLES ................................................................... ................................................. 16 M ETHODS .................................................................................................................... 18 S AMPLING .................................................................................................................... 20 F INDINGS .................................. ................................................................................... 23 Descriptive statistics ........................................................................................ 23 Logistic Regression ........................................................................................... 32 CONCLUSIONS .................... .... .................... .................... .................... .................... .. 38

GROSE, CHRIS

ihu