Have a personal or library account? Click to login
Determinants of audit fees: Evidence from Poland Cover

Determinants of audit fees: Evidence from Poland

Open Access
|Aug 2020

References

  1. Ali, M. J., Ahmed, K., & Henry, D. (2004). Disclosure compliance with national accounting standards by listed companies in South Asia. Accounting and Business Research, 34(3), 183–199. doi: 10.1080/00014788.2004.9729963
  2. Ali, S., & Aulia, M. R. P. (2015). Audit firm size, auditor industry specialization and audit quality: An empirical study of Indonesian state-owned enterprises. Research Journal of Finance and Accounting, 6(22), 1–14. https://www.iiste.org/Journals/index.php/RJFA/article/view/26912/27595
  3. Barkess, L., Simnett, R. (1994). The Provision of Other Services by Auditors: Independence and Pricing Issues. Accounting and Business Research 24(94), 99–108. doi: 10.1080/00014788.1994.9729469
  4. Cameran, M. (2005). Audit fees and the large auditor premium in the Italian market. International Journal of Auditing, 9(2), 129–146. doi: 10.1111/j.1099-1123.2005.00205.x
  5. Carcello, J. V., & Nagy, A. L. (2004). Audit firm tenure and fraudulent financial reporting. Working Paper, University of Tennessee. https://pdfs.semanticscholar.org/7300/68a12bf89ad3c-44fe29f836169c092447f35.pdf
  6. Carson, E., Fargher, N., Simon, D. T., & Taylor, M. H. (2004). Audit fees and market segmentation–further evidence on how client size matters within the context of audit fee models. International Journal of Auditing, 8(1), 79–91. doi: 10.1111/j.1099-1123.2004.00159.x
  7. Chatterjee, B., & Mir, M. Z. (2008). The current status of environmental reporting by Indian companies. Managerial Auditing Journal, 23(6), 609–629. doi: 10.1108/02686900810882138
  8. Choi, J. H., Kim, C., Kim, J. B., & Zang, Y. (2010). Audit office size, audit quality, and audit pricing. Auditing: A Journal of Practice & Theory, 29(1), 73–97.
  9. Clatworthy, M. A., & Peel, M. J. (2006). The effect of corporate status on external audit fees: Evidence from the UK. Journal of Business Finance and Accounting, 1(2), 169–201. doi: 10.1111/j.1468-5957.2006.00658.x
  10. Craswell, A. T., Francis, J. R., & Taylor, S. L. (1995). Auditor brand name reputations and industry specializations. Journal of Accounting and Economics, 20, 297–322. doi: 10.1016/0165-4101(95)00403-3 doi: 10.1111/ijau.12149
  11. DeAngelo, L. E. (1981). Auditor size and audit quality. Journal of Accounting & Economics, 3, 183–199.
  12. DeFond, M. L., Raghunandan, K., & Subramanyam, K. R. (2002). Do non-audit service fees impair auditor independence? Evidence from going concern audit opinions. Journal of Accounting Research, 40, 1247–1274. doi: 10.1111/1475-679X.00088
  13. Dekeyser, S, Gaeremynck, A., & Willekens, M. (2019). Evidence of Industry Scale effects on audit hours, billing rates, and pricing. Contemporary Accounting Research, 36(2) (Summer 2019), 666–693. doi: 10.1111/1911-3846.12460
  14. Demirkan, S., & Zhou, N. (2016). Audit pricing for strategic alliances: An incomplete contract perspective. Contemporary Accounting Research, 33(4) (Winter 2016), 1625–1647. doi: 10.1111/1911-3846.12213
  15. Depoers, F. (2000). A cost benefit study of voluntary disclosure: Some empirical evidence from French listed companies. European Accounting Review, 9(2), 245–263. doi: 10.1080/09638180050129891
  16. Donaldson, T., & Preston, I. (1995). Stakeholder theory of the corporation: Concepts, evidence, implications. Academy of Management Review, 20, 65–91. doi: 10.5465/amr.1995.9503271992
  17. El-Gammal, W. (2012). Determinants of audit fees: Evidence from Lebanon. International Business Research, 5(11), 136–145. doi: 10.5539/ibr.v5n11p136
  18. Ellis, Y., & Booker, Q. L. (2011). Audit fee determinants in the nonprofit sector: A study of community action agencies. Faculty Publications, Columbia State University. http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.647.296&rep=rep1&type=pdf
  19. Francis, J. R., & Simon, D. T. (1987). A test of audit pricing in the small-client segment of the US audit market. Accounting Review, 62(1), 145–157. http://www.jstor.org/stable/248051
  20. Francis, J. R., & Stokes, D. J. (1986). Audit prices, product differentiation, and scale economies: Further evidence from the Australian market. Journal of Accounting Research, 24, 383–393. doi: 10.2307/2491141
  21. Freeman, E., Wicks, A., & Parmar, B. (2004). Stakeholder theory and “the corporate objective revisited”. Organization Science, 15(3), 364–369. doi: 10.1287/orsc.1040.0067
  22. Freeman, R. (1984). Strategic management: A stakeholder approach. Boston, MA: Pitman Press.
  23. Galani, D., Alexandridis, A., & Stavropoulos, A. (2011). The association between the firm characteristics and corporate mandatory disclosure: The case of Greece. World Academy of Science, Engineering and Technology, 77, 101–107. https://waset.org/publications/10904/the-association-between-the-firm-characteristics-and-corporate-mandatory-disclosure-the-case-of-greece
  24. Glaum, M., & Street, D. L. (2003). Compliance with the disclosure requirements of Germany's new market: IAS versus US GAAP. Journal of International Financial Management and Accounting, 14, 64–100. doi: 10.1111/1467-646X.00090
  25. Gonthier, B. N., & Schatt, A. (2007). Determinants of audit fees for French quoted firms. Managerial Auditing Journal, 22(2), 139–160. doi: 10.1108/02686900710718654
  26. Habib, A., Bhuiyan, M. B. U., & Rahman, A. (2019). “Problem” directors and audit fees. International Journal of Auditing, 23, 125–143. doi: 10.1111.ijau.12150
  27. Haniffa, R. M., & Cooke, T. E. (2002). Culture, corporate governance and disclosure in Malaysian corporations. Abacus, 38(3), 317–349. doi: 10.1111/1467-6281.00112
  28. Hassan, Y. M., & Naser, K. (2013). Determinants of audit fees: Evidence from an emerging economy. International Business Research, 6(8), 13–25. doi: 10.5539/ibr.v6n8p13
  29. Hay, D. C., Knechel, W. R., & Wong, N. (2006). Audit fees: A meta-analysis of the effect of supply and demand attributes. Contemporary Accounting Research, 23(1), 141–191. doi: 10.1506/4XR4-KT5V-E8CN-91GX
  30. Hay, D., Knechel, W., & Ling, H. (2008). Evidence on the impact of internal control and corporate governance on audit fees. International Journal of Auditing, 12(1), 9–24. doi: 10.1111/j.1099-1123.2008.00367.x
  31. Huang, H. W., Liu, L. L., Raghunandan, K., & Rama, D. V. (2007). Auditor industry specialization, client bargaining power, and audit fees: Further evidence. Auditing: A Journal of Practice & Theory, 26(1), 147–158.
  32. Inchausti, A. G. (1997). The influence of company characteristics and accounting regulation on information disclosed by Spanish firms. European Accounting Review, 6(1), 45–68. doi: 10.1080/096381897336863
  33. Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360. doi: 10.1016/0304-405X(76)90026-X
  34. Jones, T. (1995). Instrumental stakeholder theory: A synthesis of ethics and economics. Academy of Management Review, 20, 404–437. doi: 10.5465/amr.1995.9507312924
  35. Jones, T., & Wicks, A. (1999). Convergent stakeholder theory. Academy of Management Review, 24(2), 206–221. https://edisciplinas.usp.br/plugin-file.php/4127600/mod_resource/content/1/2.%20Jones%2C%20T.%20M.%2C%20Wicks%2C%20A.%20C.%201999..pdf
  36. Joshi, P. L., & Al-Bastaki, H. (2000). Determinants of audit fees: Evidence from the companies listed in Bahrain. International Journal of Auditing, 4(2), 129–138. doi: 10.1111/1099-1123.00308
  37. Knapp, M. C. (1991). Factors that audit committee members use as surrogate for audit quality. Auditing: A Journal of Practice and Theory, 10(1), 35–52.
  38. Langendijk, H. (1997). The market for audit services in the Netherlands. European Accounting Review, 6(2), 253–264. doi: 10.1080/713764721
  39. Liu, S. H. (2017). An empirical study: Auditors’ characteristics and audit fee. Open Journal of Accounting, 6, 52–70. doi: 10.4236/ojacct.2017.62005
  40. McMeeking, K. P., Peasnell, K. V., & Pope, P. F. (2006). The determinants of the UK Big Firm premium. Accounting and Business Research, 36(3), 207–231. doi: 10.1080/00014788.2006.9730022
  41. Nam, H.-J. (2018). The impact of mandatory IFRS transition on audit effort and audit fees: Evidence from Korea. Australian Accounting Review, 87(28, Issue 4), 512–524. doi: 10.1111/auar.12209
  42. Naser, K., Al, H. A., Al-Kwari, D., & Nuseibeh, R. (2006). Determinants of corporate social disclosure in developing countries: The case of Qatar. Advances in International Accounting, 19, 1–23. doi: 10.13189/ujaf.2014.020402
  43. Okolie, A. O. (2014). Auditor tenure, auditor independence and accrual – based earnings management of quoted companies in Nigeria. European Journal of Accounting Auditing and Finance Research, 2(2), 63–90. http://www.eajournals.org/wp-content/uploads/Auditor-Tenure-Auditor-Independence-and-Accrual-%E2%80%93-Based-Earnings-Management-of-Quoted-Companies-in-Nigeria.pdf
  44. Peel, M. J., & Clatworthy, M. A. (2001). The relationship between governance structure and audit fees pre-Cadbury: Some empirical findings. Corporate Governance. An International Review, 9(4), 286–297. doi: 10.1111/1467-8683.00256
  45. Prencipe, A. (2004). Proprietary costs and determinants of voluntary segment disclosure: Evidence from Italian listed companies. European Accounting Review, 13(2), 319–340. doi: 10.1080/0963818042000204742
  46. Rouf, A. (2011). Corporate characteristics, governance attributes and the extent of voluntary disclosure in Bangladesh. African Journal of Business Management, 5(19), 7836–7845. doi: 10.5897/AJBM10.1180
  47. Rowell, D., & Connelly, L. (2012). A history of the term “Moral Hazard”. The Journal of Risk and Insurance, 79(4), 1051–1075. doi: 10.1111/j.1539-6975.2011.01448.x
  48. Sandra, W., & Patrick, P. (1996). The determinants of audit fees in Hong Kong: An empirical study. Asian Review of Accounting, 4(2), 32–50. doi: 10.1108/eb060673
  49. Simunic, D. A. (1980). The pricing of audit services: Theory and evidence. Journal of Accounting Research, 18, 161–190. doi: 10.2307/2490397
  50. Spence, M. (1973). Job market signaling. Quarterly Journal of Economics, 87(3), 355–374. https://pdfs.semanticscholar.org/2d89/1415c5f4faa5d1adf-4492c01fc596231353e.pdf
  51. Taylor, M., & Simon, T. (1999). Determinants of audit fees: The importance of litigation, disclosure, and regulatory burdens in audit engagements in 20 countries. The International Journal of Accounting, 34(3), 375–388. doi: 10.1016/S0020-7063(99)00017-5
  52. Tee, C. M., Gul, F. A., Foo, Y.-B., & Teh, C. G. (2017). Institutional monitoring, political connections and audit fees: Evidence from Malaysian firms. International Journal of Auditing, 21, 164–176. doi: 10.1111/ijau.12086
  53. Thinggaard, F., & Kiertzner, L. (2008). Determinants of audit fees: Evidence from a small capital market with a joint audit requirement. International Journal of Auditing, 12(2), 141–158. doi: 10.1111/j.1099-1123.2008.00377.x
  54. Verbruggen, S., Christiaens, J., Reheul, A. M., & Van Caneghem, T. (2011). Audit pricing in a reformed nonprofit market. HUB Research Papers, 29. https://scholar.google.com/citations?user=a5L0XtQAAAA-J&hl=en
  55. Verbruggen, S., Christiaens, J., Reheul, A.-M., & Van Caneghem, T. (2015). Analysis of audit fees for nonprofits: Resource dependence and agency theory approaches. Nonprofit and Voluntary Sector Quarterly, 44(4), 734–754. doi: 10.1177/0899764014551279
  56. Wallace, R., & Naser, K. (1996). Firm-specific determinants of the comprehensiveness of mandatory disclosure in the corporate annual reports of firms listed on the stock exchange of Hong Kong. Journal of Accounting and Public policy, 14(4), 311–368. doi: 10.1016/0278-4254(95)00042-9
  57. Wang, K., Sewon, O., Iqbal, Z., & Smith, L. M. (2011). Auditor market share and industry specialization of non-big 4 firms. Journal of Accounting and Finance, 11(2), 107–127. http://www.jgbm.org/page/1%20Sewon%20O.pdf
  58. Watts, R., & Zimmermann, J. (1978). The demand for and supply of accounting theories: The market for excuses. The Accounting Review, 54(2), 273–306. https://edisciplinas.usp.br/pluginfile.php/3829960/mod_resource/content/0/Watts_Zimmerman_1979.pdf
  59. Watts, R., & Zimmermann, J. (1986). Positive accounting theory. Englewood Cliff, NJ: Prentice Hall.
DOI: https://doi.org/10.2478/ceej-2019-0020 | Journal eISSN: 2543-6821 | Journal ISSN: 2544-9001
Language: English
Page range: 323 - 336
Published on: Aug 26, 2020
In partnership with: Paradigm Publishing Services
Publication frequency: 1 issue per year

© 2020 Karol Rewczuk, Piotr Modzelewski, published by Faculty of Economic Sciences, University of Warsaw
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.