CONCLUSIONS
The findings of this study provide evidence that size is not a sufficient measure on its own for capturing the costs and benefits of the audit. There are other qualitative factors. If thresholds are raised to European Community levels, policy makers should be aware that the new category of small companies would contain two subgroups with different needs. This heterogeneity should also be taken into account by those who contribute to the development of differential reporting on the basis of size at the international level.
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