A carregar...
Publicação
Perceptions of auditees and banks regarding financial statement audits: a case for Portugal
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 504.97 KB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
KPMG (Direct Research Internship Programme) recommended the topic of the current empirical research,
the objective of which is to uncover whether the market understands what auditing is, and if it recognizes the
potential benefits of an (unqualified) audit report (e.g. to obtain more favourable loan conditions and to
strengthen internal controls). The research also aims to uncover whether the market distinguishes on quality
between the Big Four or a smaller firm.
The results of the semi-structured interviews (with eight company executives and six elite bankers) reveal
that some businesses carry out an audit solely to comply, with larger firms more likely to engage voluntarily.
Consistent with the literature, banks advocate the superior quality of the Big Four, although many SMEs use
smaller firms. As for lending, not all enterprises believe banks offer more favourable conditions, yet banks
argue auditors’ unqualified opinion induce lower interest rates.
Descrição
Palavras-chave
External auditing Portugal Market perceptions Conditions of lending