Some Additional Evidence on the Determinants of State Audit Budgets

Posted: 3 Aug 2014

See all articles by Barry R. Marks

Barry R. Marks

University of Houston, Clear Lake - School of Business and Public Administration

K. K. Raman

The University of Texas at San Antonio

Date Written: 1987

Abstract

State and local governments are exempt from the auditing regulations of the Securities and Exchange Commission (SEC). Nevertheless, state governments expend considerable resources on financial, legal compliance, and operational audits. The objective of this paper is to identify the relationships and incentives that motivate public sector auditing expenditures in the absence of SEC regulation. While we know of no well-developed theory which specifies the determinants of governmental audit budgets, the discussion of underlying relationships and the empirical regularities demonstrated in this study could be useful in developing such a theory.

Keywords: State audit budgets, Determinants

JEL Classification: M41, M42, M48

Suggested Citation

Marks, Barry R. and Raman, K. K., Some Additional Evidence on the Determinants of State Audit Budgets (1987). Auditing: A Journal of Practice & Theory, Vol. 7, No. 1, 1987. Available at SSRN: https://ssrn.com/abstract=2475135

Barry R. Marks

University of Houston, Clear Lake - School of Business and Public Administration ( email )

Houston, TX 77058
United States

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)

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