volume 31, issue 4/5, P362-386 2016
DOI: 10.1108/maj-04-2015-1184
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Benjamin Patrick Foster, Robert P. Garrett, Jr, Trimbak Shastri

Abstract: Purpose This paper aims to examine whether the ability of early-stage ventures to obtain external funding and the amount of additional information provided to potential investors are affected by the level of assurance (audit, review or compilation) received from independent accountants on the ventures’ historical financial statements. The assurance level provided should differently impact potential investors’ willingness to invest in a new venture and need for additional information during due diligence evalu…

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