Voluntary Audits Versus Mandatory Audits

267 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

The Demand for Audit in Private Firms: Recent Large-Sample Evidence from the UK (2014, unknown): “It is argued that, absent regulation, there may be under-provision of audit resulting in a social loss (Rennie et al., 2003; Lennox and Pittman, 2011).”
Real Effects of the Audit Choice (2016, methodology): “Finally, our paper builds on recent work by Lennox and Pittman (2011), who find that firms that choose to obtain audits receive higher credit scores than those that choose to be unaudited.”
The Information Role of Audit Opinions in Debt Contracting (2016, unknown): “These results complement the finding in prior studies that the voluntary use of auditing or the employment of Big 5 auditors is associated with a lower cost of debt (Fortin and Pittman, 2007; Lennox and Pittman, 2011; Minnis, 2011).”
Auditing private companies: what do we know? (2017, unknown): “For example, as argued by Lennox and Pittman (2011), the most likely reason why private companies choose to opt out of the audit despite the resulting downgrades in their credit ratings found by these authors in their study is that the cost of the audit is insufficient to compensate for the cost of…”