An Empirical Investigation of the Market for 'Single Audit' Services

Posted: 23 Jul 2014

See all articles by K. K. Raman

K. K. Raman

The University of Texas at San Antonio

Earl R. Wilson

University of Missouri at Columbia - Robert J. Trulaske, Sr. College of Business

Date Written: Winter 1992

Abstract

Audits conducted under the 1984 Single Audit Act go beyond the traditional financial statement audit by placing substantial additional emphasis on the review and evaluation of internal controls and testing of compliance with laws and regulations. The General Accounting Office (GAO), congressional committees, and the American Institute of CPAs (AICPA) have expressed concern about the possible effects of the single audit on audit fees, the quality of single audits, and the effects of alleged low balling. This article provides evidence bearing on these issues, based on data for a national sample of cities.

Keywords: Single audit act, internal controls, government audits

JEL Classification: M41

Suggested Citation

Raman, K. K. and Wilson, Earl R., An Empirical Investigation of the Market for 'Single Audit' Services (Winter 1992). Journal of Accounting and Public Policy, Vol. 11, No. 4, 1992. Available at SSRN: https://ssrn.com/abstract=2469865

K. K. Raman (Contact Author)

The University of Texas at San Antonio ( email )

One UTSA Circle
San Antonio, TX 78249
United States
210-458-8749 (Phone)

Earl R. Wilson

University of Missouri at Columbia - Robert J. Trulaske, Sr. College of Business ( email )

School of Accountancy
Columbia, MO 65211
United States
573-882-3225 (Phone)
573-882-2437 (Fax)

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