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Audit expectations in works councils

Ignace De Beelde (UGent) and Helmut Leydens (UGent)
Author
Organization
Abstract
Many industrialized countries have introduced mechanisms to institutionalize communication between employers and tabour. One such mechanism is the creation of works councils. In many countries, these works councils receive information about the company, often including accounting data. In Belgium, official regulations require that works councils should receive extensive financial and non-financial data. To guarantee the reliability of this information, the law provides for the intervention of an auditor to certify the information and to guarantee its completeness. However, this auditor usually also serves as the commissaire, the statutory auditor who certifies the financial statements oil behalf of the shareholders. This raises the question whether the tabour representatives in the works councils have faith in the auditor's impartiality. This article reports how the employees' representatives in the works council view the role of auditors and their performance. The article also concludes that Cultural differences and company size both have a significant impact on industrial relations.
Keywords
auditing, audit expectations, certification, industrial relations, joint consultation, works councils

Citation

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Chicago
De Beelde, Ignace, and Helmut Leydens. 2002. “Audit Expectations in Works Councils.” Economic and Industrial Democracy: An International Journal 23 (2): 229–269.
APA
De Beelde, I., & Leydens, H. (2002). Audit expectations in works councils. ECONOMIC AND INDUSTRIAL DEMOCRACY: AN INTERNATIONAL JOURNAL, 23(2), 229–269.
Vancouver
1.
De Beelde I, Leydens H. Audit expectations in works councils. ECONOMIC AND INDUSTRIAL DEMOCRACY: AN INTERNATIONAL JOURNAL. 2002;23(2):229–69.
MLA
De Beelde, Ignace, and Helmut Leydens. “Audit Expectations in Works Councils.” ECONOMIC AND INDUSTRIAL DEMOCRACY: AN INTERNATIONAL JOURNAL 23.2 (2002): 229–269. Print.
@article{155349,
  abstract     = {Many industrialized countries have introduced mechanisms to institutionalize communication between employers and tabour. One such mechanism is the creation of works councils. In many countries, these works councils receive information about the company, often including accounting data. In Belgium, official regulations require that works councils should receive extensive financial and non-financial data. To guarantee the reliability of this information, the law provides for the intervention of an auditor to certify the information and to guarantee its completeness. However, this auditor usually also serves as the commissaire, the statutory auditor who certifies the financial statements oil behalf of the shareholders. This raises the question whether the tabour representatives in the works councils have faith in the auditor's impartiality. This article reports how the employees' representatives in the works council view the role of auditors and their performance. The article also concludes that Cultural differences and company size both have a significant impact on industrial relations.},
  articleno    = {UNSP 0143-831X(200205)23:2;229-269;022937},
  author       = {De Beelde, Ignace and Leydens, Helmut},
  issn         = {0143-831X},
  journal      = {ECONOMIC AND INDUSTRIAL DEMOCRACY: AN INTERNATIONAL JOURNAL},
  keyword      = {auditing,audit expectations,certification,industrial relations,joint consultation,works councils},
  language     = {eng},
  number       = {2},
  pages        = {UNSP 0143-831X(200205)23:2;229-269;022937:229--UNSP 0143-831X(200205)23:2;229-269;022937:269},
  title        = {Audit expectations in works councils},
  url          = {http://dx.doi.org/10.1177/0143831X02232005},
  volume       = {23},
  year         = {2002},
}

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