Industry Linkages and Audit Firms' Industry Portfolio Choice: Evidence from Product Language

Audit firms are organized along industry lines and industry specialization is a prominent feature of the audit market. Yet, we know little about how audit firms make their industry portfolio decisions, i.e., how audit firms decide which set of industries to specialize in. In this study, I examine how the linkages between industries in the product space affect audit firms’ industry portfolio choice. Using text-based product space measures to capture these industry linkages, I find that both Big 4 and small audit firms tend to specialize in industry-pairs that 1) are close to each other in the product space (i.e., have more similar product language) and 2) have a greater number of “between-industries” in the product space (i.e., have a greater number of industries with product language that is similar to both industries in the pair). Consistent with the basic tradeoff between specialization and coordination, these results suggest that specializing in industries that have more similar product language and more linkages to other industries in the product space allow audit firms greater flexibility to transfer industry-specific expertise across industries as well as greater mobility in the product space, hence enhancing its competitive advantage. Additional analysis using the collapse of Arthur Andersen as an exogenous supply shock in the audit market finds consistent results. Taken together, the findings suggest that industry linkages in the product space play an important role in shaping the audit market structure.

Cultural audit as a tool to increase employee involvement in small firms: A case study

Employee involvement is a common goal for most companies. This research started when managers of a familyrun horticultural firm decided to increase employee commitment and improve organizational climate. To help them, we considered the possibility of developing a cultural audit, adapting the tool to the fact that it was a small family business. Therefore, this paper will firstly review the existing literature concerning organizational culture, specially which cultural characteristics should be more valuable to achieve employee commitment and involvement and how to run a cultural audit. Secondly, it will expose the design and implementation of a cultural audit at this company, through an explicative case study that aims to compare the existing culture with the characteristics described theoretically. The study discusses the lack of trust, of a creative atmosphere, and of a shared vission, and suggests some recommendations to develop these characteristics, in order to gain the desired level of employee involvement. Key words: Employee involvement, organizational

Energy Audit for an Old Industrial Building in Gävle

(English)The Swedish industrial sector has overcome the oil crisis and has maintained the energy use constant even though the production has grown. This has been achieved thanks to the development of several energy policies, by the Swedish government, towards the 2020 goals. This thesis carries on this path and performs an energy audit for an old industrial building in Gävle (Sweden) in order to propose different energy efficiency measures to use less energy while maintaining the thermal comfort. The building is in quite a bad shape and some of the areas are unused making them a waste of money. By means of the invoices provided by different companies, the information from the staff and some measures that have been carried out in-situ, the energy balance has been calculated from where conclusions have been drawn. Although it is an industrial building, the study is not going to be focused in the industrial process but in the building’s envelope and support processes, since the unit combines both production and office areas. Therefore, the energy balance is divided in energy supplies (district heating, free heating and sun irradiation) and energy losses (transmission, ventilation hot tap water and infiltrations). The results show that the most important supply is that of the DH whereas the most important losses are the transmission and infiltration. Thus, the measures proposed are focused on the reduction of this relevant parameters. The most important measures are the renovation of the windows, heating systems valves and the ventilation. The glazing of the dwelling is old and some of it is broken accounting for quite a large amount of the losses. The radiator valves are not properly working and there does not exist any temperature control. Therefore the installation of thermostatic valves turns out to be a must. Moreover, some part of the building has no mechanical ventilation but conserves the ducts. These could be utilized if they are connected to the workshop’s ventilation which is capable of generating sufficient flow for the entire building. Finally, although other measures could also be carried out, the ones proposed appear to be the essential ones. A further analysis should be carried out in order to analyze the payback time or investment capability of the company so as to decide between one measure or another. A market study for possible new tenants for the unused parts of the building is also advisable.

Audit report on the Lake Panorama Rural Improvement Zone for the year ended June 30, 2016

Audit report on the Lake Panorama Rural Improvement Zone for the year ended June 30, 2016

Audit report on the Council Bluffs Airport Authority for the year ended June 30, 2016

Audit report on the Council Bluffs Airport Authority for the year ended June 30, 2016

Audit report on the Honey Creek Resort Operations Account maintained by Central Group Management, LLC for the year ended June 30, 2016

Audit report on the Honey Creek Resort Operations Account maintained by Central Group Management, LLC for the year ended June 30, 2016

Audit report on the City of Knoxville, Iowa for the year ended June 30, 2016

Audit report on the City of Knoxville, Iowa for the year ended June 30, 2016

Audit report on the Muscatine Agricultural Learning Center for the year ended June 30, 2016 and the six months ended June 30, 2015

Audit report on the Muscatine Agricultural Learning Center for the year ended June 30, 2016 and the six months ended June 30, 2015

Audit report on the Holiday Lake Rural Improvement Zone for the year ended June 30, 2016

Audit report on the Holiday Lake Rural Improvement Zone for the year ended June 30, 2016

Audit report on the Black Hawk County Criminal Justice Information System for the year ended June 30, 2016

Audit report on the Black Hawk County Criminal Justice Information System for the year ended June 30, 2016

Audit report on the South Dallas County Landfill Agency for the year ended June 30, 2016

Audit report on the South Dallas County Landfill Agency for the year ended June 30, 2016

Audit report on the City of Adel, Iowa for the year ended June 30, 2016

Audit report on the City of Adel, Iowa for the year ended June 30, 2016

Audit report on the Iowa Corn Promotion Board for the years ended August 31, 2016 and 2015

Audit report on the Iowa Corn Promotion Board for the years ended August 31, 2016 and 2015

Audit report on the Iowa Innovation Corporation for the year ended June 30, 2016

Audit report on the Iowa Innovation Corporation for the year ended June 30, 2016

Audit report on Indian Hills Community College in Ottumwa, Iowa for the year ended June 30, 2016

Audit report on Indian Hills Community College in Ottumwa, Iowa for the year ended June 30, 2016