| Title |
Ūkio šakos auditoriai: Lietuvos viešojo intereso įmonių audito rinkos analizė ir vertinimas / |
| Another Title |
Industry auditors: analysis and evaluation of Lithuanian public interest companies audit market. |
| Authors |
Vaicekauskas, Darius |
| DOI |
10.15388/batp.2014.15A.2 |
| Full Text |
|
| Is Part of |
Buhalterinės apskaitos teorija ir praktika.. Vilnius : Vilniaus universiteto leidykla. 2014, Nr. 15A, p. 26-36.. ISSN 1822-8682. eISSN 2538-8762 |
| Abstract [eng] |
The article investigates audit companies' specialization among the public interest companies of Lithuania. Prior literature explores various advantages of industry auditors - auditors who specialize in particular industries while enhancing the main part of clients in the industry branch. Industry auditors reache higher level of audit quality, while making more effective planning decisions, assesing more effectively client's business risk, as weil as the risk of materiai misstaternent, cornplying at highest rate with auditing standards. 154 public interests companies of Lithuania were analysed in order to assess whether the is a trend of auditors' specialization in a market of public interest companies in Lithuania. Results of the research imply auditors tending to specialize thernselves in mainly all branches of industries, reaching highest rate of clients in particular industry of pension funds, investment funds and credit institutions. The results also disclose some evidence of industryauditors keeping their audit prices at higher level than their cornpetitors, as weil as their reputation being quite stable reaching more adds than losses. Issues concerning industry expertise auditors' quality significantly affects auditors' reputation. The results of the research taken support conclusions of vast body of prior researches on auditors' specialization implying that particular industry auditors may achieve and enhance higher level of audit quality. |
| Published |
Vilnius : Vilniaus universiteto leidykla |
| Type |
Journal article |
| Language |
Lithuanian |
| Publication date |
2014 |
| CC license |
|
