Voluntary demand for auditing by farm businesses: an Australian perspective Carey, Peter and Tanewski, George 2013, Voluntary demand for auditing by farm businesses: an Australian perspective, Accounting and management information systems, vol. 12, no. 2, pp. 213-234. Attached Files Name Description MIMEType Size Downloads carey-voluntarydemand-2013.pdf Published version application/pdf 485.80KB 229 Title Voluntary demand for auditing by farm businesses: an Australian perspective Author(s) Carey, Peter orcid.org/0000-0002-0480-8053 Tanewski, George orcid.org/0000-0003-3668-3416 Journal name Accounting and management information systems Volume number 12 Issue number 2 Start page 213 End page 234 Total pages 22 Publisher Bucharest Academy of Economic Studies Place of publication Bucharest, Romania Publication date 2013 ISSN 1843-8105 Keyword(s) agency theory auditing standards budgeting farming planning small business Summary  This study investigates voluntary demand for auditing by Australian farm businesses, a significant but relatively unexplored segment of the economy. Most farms operate as family partnerships or sole proprietors and we thus focus on incentives to audit arising from internal sources (owner-manager), controlling for traditional incentives arising from external contractual constraints (i.e., debt), organisational characteristics (i.e., size), and agency conflict. We hypothesise that an external audit assists management in enhancing internal control by complementing the process of profit planning and control (budgeting) and that increased family conflict provides an incentive to engage external audit. Of the 457 survey questionnaire respondents, 27% voluntarily engage an external auditor and 66% conduct some formal written planning. Results from logistic regression analyses support the predicted impact of both size and debt on audit, and further support the hypothesised impact of budgeting. The positive association between budgeting and audit confirms the complementary relationship. More importantly, this relationship is not confounded by the combined impact of size and budgeting and debt and budgeting on voluntary audit. In addition, family conflict has no impact on voluntary demand for auditing by farm business. Language eng Field of Research 150102 Auditing and Accountability 150199 Accounting, Auditing and Accountability not elsewhere classified Socio Economic Objective 909999 Commercial Services and Tourism not elsewhere classified HERDC Research category C1 Refereed article in a scholarly journal Copyright notice ©2013, Bucharest Academy of Economic Studies Free to Read? Yes Persistent URL http://hdl.handle.net/10536/DRO/DU:30054919 Document type: Journal Article Collections: Faculty of Business and Law School of Accounting, Economics and Finance Open Access Collection   Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au. Versions Version Filter Type Tue, 13 Aug 2013, 14:03:35 EST Wed, 14 Aug 2013, 09:21:44 EST Tue, 20 Aug 2013, 11:55:01 EST Tue, 20 Aug 2013, 12:06:48 EST Wed, 21 Aug 2013, 08:52:15 EST Thu, 22 Aug 2013, 12:34:18 EST Tue, 08 Oct 2013, 10:40:48 EST Wed, 19 Feb 2014, 14:11:59 EST Tue, 05 Dec 2017, 12:41:41 EST Fri, 07 Sep 2018, 16:37:36 EST Filtered Full Citation counts:   Cited 0 times in TR Web of Science Cited 0 times in Scopus Search Google Scholar Access Statistics: 786 Abstract Views, 229 File Downloads  -  Detailed Statistics Created: Tue, 13 Aug 2013, 14:03:25 EST by Aysun Alpyurek