Added Value of Auditing in a Non-Mandatory Environment
Amsterdam University Press
What is the ‘raison d’être’ of auditing? Does auditing only exist by the grace of the legislator? Or does auditing fulfill other needs in contemporary society? For many companies, auditing has been made mandatory. This is possibly one of the reasons why researchers to date have given limited attention regarding the drivers for the demand for audit. Auditing (seen as a social control mechanism) is part of an organizational order in society. Therefore, it is essential to reflect on the (changing) demands of society. As a lack of insight why society demands an audit, accommodates the risk of not meeting the needs and expectations of society, the added value of auditing may be called into question. This dissertation deals with the question: what are drivers for the demand for audit for Dutch SME companies which are not mandatory required to have their financial statements audited.
Hans Duits studied business economics and became a registered auditor in 1995. At the moment he is employed by both KPMG and the University of Applied Sciences Utrecht (HU). His research interests include the market for audit (assurance) services and governance for SME companies.