Download or read book The Determinants of Audit Fees Evidence from the Voluntary Sector written by Vivien A. Beattie and published by . This book was released on 2001 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given the growing demand for accountability in the public sector, there is a need to begin to investigate audit pricing issues in markets within this sector. This study makes three principal contributions. First, it develops and estimates, for the first time, a model of audit fee determinants relevant to the charity sector. The model is based on 210 of the top 500 UK charities with average incoming resources of 27 million pounds. As in previous private sector company studies, size, organisational complexity and audit firm location are the major determinants. A positive association between audit fees and fees for non-audit services is also observed. Charity sector factors of empirical significance include the fundamental nature of the charity (i.e., predominantly grant-making or fund-raising), the importance of trading as a source of charity income and the charity's activity. Separate models are developed for grant-making and fund-raising charities, the results reflecting the relative complexity of the audit of fund-raising charities. Second, the lower auditor concentration in the charity sector market, compared to the private sector market, permits a more powerful test of whether large firms and/or auditor expertise are rewarded with a fee premium. The results show that Big 6 audit firms receive higher audit fees (18.5%, on average) than non-Big 6 firms for audits of fund-raising charities. There is also evidence that non-Big 6 audit firms with expertise in the sector are rewarded with a fee premium over other non-Big 6 firms, again in the more complex audit environment of fund-raising charities.Finally, the study demonstrates that the charity audit fee rate is significantly lower than that of private sector companies; in fact it is approximately half. Further research that discriminates between alternative explanations of this differential is called for. A change in the reporting of charity audit fees is proposed to reflect any element of 'charitable giving' by the audit firm.
Download or read book The Determinants of Audit Fees written by Ming Wei Zhang and published by . This book was released on 1995 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Determinants of Audit Fees written by Christopher K. M. Pong and published by . This book was released on 1992 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An International Examination of Country specific Determinants of Audit Fees written by Michele LeCouteur Wingate and published by . This book was released on 1994 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Determinants of Audit Fees written by Sartini Wardiwiyono and published by . This book was released on 2005 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Determinants of Audit Fees written by Frank Thinggaard and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines audit fees paid by all 126 non-financial companies listed on the Copenhagen Stock Exchange in 2002. The Danish institutional setting is theoretically interesting because listed companies are required to use two independent auditors, and the liberal regulation of auditor independence facilitates an examination of the association between consultancy fees and audit fees. Our results indicate that de facto joint audits, where both auditors have significant stakes in the audit, reduce audit fees compared with audits where one auditor is dominant, albeit only for larger companies. We attribute these results to competition between the auditors. Our results clearly confirm previous findings of a positive association between other fees and audit fees. On balance, we find the core audit fee determinants model to be well specified for the Danish data, although small companies seem to differ somewhat from large companies. Finally, we find no additional Big Four effect from the appointment of a second Big Four auditor. However, our results indicate that the use of PWC is associated with lower audit fees in large companies and higher audit fees in small companies.
Download or read book The Determinants of Audit Fees written by Wafaa Abdel Magid Ramzy and published by . This book was released on 1988 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Contribution of Internal Audit as a Determinant of External Audit Fees and Factors Influencing this Contribution written by William L. Felix and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite extensive research on the determinants of external audit fees, there is little empirical evidence on the effect of internal audit contribution on the external audit fee. Using a cross-sectional regression model based on prior audit fee research, this study provides evidence that internal audit contribution is a significant determinant of the external audit fee. Further, a second model that provides evidence on the determinants of internal audit contribution is developed and tested. This second model indicates that internal audit contribution is influenced by internal audit quality and, conditional on the level of inherent risk, the availability of internal audit and the extent of coordination between internal and external auditors. These results are based on a unique data-set comprised of publicly available data matched with survey responses from internal and external auditors affiliated with 70 non-financial services Fortune 1000 firms. The sample includes all of the former "Big 6" international accounting firms and clients from twenty-nine different industries.
Download or read book Determinants of Audit Fees in Ireland written by Damian M. McCallion and published by . This book was released on 2001 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Determinants of Audit Fees written by C. M. Pong and published by . This book was released on 1994 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Determinants of Low Balling of Audit Fees and Subsequent Recovery written by Myojung Cho and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Auditors' low-balling in initial engagements is a longstanding concern for regulators and others. We examine the determinants and consequences of low-balling using more recent data. We provide evidence that auditors are likely to low-ball if they are “Big N” auditors, expect future revenues from non-audit services, or are quoting large, profitable, and important clients. Further, low-balling auditors tend to recoup their initial fee discounts in subsequent periods via increases in audit and non-audit fees. We also find that clients of low-balling auditors are more likely to restate in the subsequent period. Our findings suggest that low-balling is associated with greater future economic dependence on the client and have implications for auditor independence and audit quality.
Download or read book Determinants of Audit Fees for Quoted UK Companies written by Philip Chan and published by . This book was released on 1993 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Investigation Into the Determinants of Auditor Selection and Audit Fees in China written by Jing Huang and published by . This book was released on 2006 with total page 708 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Determinants of Audit Fees in Saudi Arabia written by Alsharari Salman Mohammed A and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Analysis of Audit Fees and Their Determinants in Canada written by Anderson, Teresa and published by . This book was released on 1989 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Determinants of Audit Fees and Report Lag written by Donia Abdelrazik and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Determinants of Audit Fees in the U K Unquoted Company Sector written by Alessandro Marsella and published by . This book was released on 1993 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
