2017B01 – Does the private owner-managed firm audit market serve a different purpose? (Prof. dr. Suijs)

What?

This study is designed to examine whether economic forces and regulations (institutions) affect audits differently depending on whether these audits are executed for Public interest entities, privately owned businesses or owner-managed businesses. The researchers want to start to ask the question whether regulations should be the same for the different types of firms.

Why?

Does the OMB environment call for different audits and auditing standards? What institutional factors (e.g., complexity, size, capital market structure, legal environment, audit risks, etc.) in the OMB environment may call for a specific audit approach and auditing standards for OMB audits?