municipalities and their external auditors, plays a role in the likelihood and severity of internal control weaknesses identified during Circular A-133 audits. We find evidence of a positive association between the disclosure of internal control exceptions and driving distance, suggesting that audit ...
This study examines the association between agency-cost source and the use of internal control versus external control in municipal control systems. Specifically, I focus on the differences between internal and external control to determine whether characteristics of underlying organisations might lead to ...