Dedman, Elisabeth; Kausar, Asad; Lennox, Clive - In: European Accounting Review 23 (2014) 1, pp. 1-23
Although theory suggests that companies would rationally select into audit even if it were not a legal requirement, many countries impose mandatory audits. This is arguably due to an audit having elements of a public good, which may result in not enough audits being purchased without regulatory...
