Audit Thresholds and the Incidence of Corruption Cases in Selected Countries of Central and Eastern Europe
Audit Thresholds and the Incidence of Corruption Cases in Selected Countries of Central and Eastern Europe

Author(s): Radoslav Tusan, Erika Liptakova
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Audit thresholds; Corruption cases; Small companies
Summary/Abstract: The purpose of the article is to point out the relationship between the number of corruption cases in the countries of Central and Eastern Europe and the size criteria set for conducting the audit. The size criteria for conducting an audit are set in national legislation for accounting as threshold values and are derived from the size criteria of companies listed in Directive 2013/34/EU on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings. It is important that small businesses characterized by relatively high size criteria do not have the obligation to conduct an audit. The article analyzes the relationship between increased audit size criteria since 2013 and corruption cases in the same time period. The research was carried out for the following countries: Slovakia, Czechia, Poland, Hungary, Romania, Bulgaria, Slovenia, Croatia, and Serbia.

• Details
• Contents