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Characteristics of organisations using an audit for interim financial statements
journal contribution
posted on 2000-11-01, 00:00 authored by A Baines, George TanewskiGeorge Tanewski, G GayThis study examines the characteristics of companies that choose to have a full audit of their interim financial statements, as distinct from a review. A cross-section of 252 firms that had submitted interim financial reports to the Australian Stock Exchange were selected from the Business Review Weekly (BRW) list of top 1, 000 companies. A direct logistic regression analysis was undertaken to assess whether voluntarily adopting an audit was related to size (assets), leverage, minority interest, profitability, industry, and whether the company had used a Big-6 audit firm. The results indicate that the level of leverage is a significant predictor of companies adopting a review, whereas use of a Big-6 audit firm was associated with conducting an audit. In addition, there is some evidence companies in the financial services industry were positively associated with conducting an audit.
History
Journal
Australian accounting reviewVolume
10Issue
22Pagination
52 - 61Publisher
WileyLocation
Chichester, Eng.Publisher DOI
ISSN
1035-6908eISSN
1835-2561Language
engPublication classification
C1.1 Refereed article in a scholarly journalCopyright notice
2000, CPA AustraliaUsage metrics
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