Determinants of voluntary audit and voluntary full accounts in micro- and non-micro small companies in the UK
Ends: Wednesday 6 March 2013 2:00 pm
| Event type | Seminar |
| Location | Eastern Gateway Building, First Floor, room 103 |
| Booking Required? | Yes |
The results show the benefits of placing full audited accounts on the public record outweigh the costs for a significant proportion of companies. In non-micro small companies, voluntary audit is determined by cost and agency factors, whereas in micro-companies it is driven by cost, management and agency factors. In both groups, the predictors of voluntary full accounts include management and agency factors, and choosing voluntary audit is one of the key factors. The study provides models that can be tested in other jurisdictions to provide evidence of the needs of micro-companies, and the discussion of the methodological challenges for small company researchers in the UK makes further contribution to the literature.
Buffet Lunch @12.30pm
Biography: Jill Collis is the director of AARC – the Accounting and Auditing Research Centre – at Brunel University. Jill’s research focuses on national and international developments in financial reporting requirements for unlisted small and medium-sized companies. She has undertaken applied research for many accountancy bodies and government departments. She has published several books on accounting and research methods and her writing reflects her experience as a mature student. The Collis Report (DTI, 2003) contributed to the ‘think small first’ approach taken in UK company law and the research instrument was used as a model in other EU member states. The second Collis Report (BERR, 2008), contributed to the government’s strategy for better regulation and reducing administrative burdens on smaller entities.
For catering purposes, please confirm your attendance by emailing bbs.events@brunel.ac.uk
