會計師事務所規模、品牌與競爭程度對審計公費之影響：中國之實證
Journal
會計評論
Journal Issue
49
Pages
35-72
Date Issued
2009
Author(s)
林孝倫
Abstract
This study examines the determinants of audit fees in China and focuses on whether audit pricing is affected by auditor size, auditor brand name reputation, and market competition individually. The special characteristics of audit market in China, including that Big 4 auditors are not the largest auditors, neither Big 4 auditors nor other audit firms have taken a leading position in public audit market, provide an opportunity to conduct a comprehensive analysis of the fees determination. Based on the data for firms listed in Shanghai and Shenzhen stock exchanges from 2002 to 2007, we find that larger auditors (measured by assets audited by audit firm and total revenues of the audit firm) tend to charge higher audit fees. In addition, the results indicate that brand name fees premium exists for clients audited by both Big 4 and auditors affiliated with other international accounting firms. We also find that the regional leading auditor can earn fees premium. At last, the analyses show that auditors charge lower audit fees to state-owned clients, and Big 4 relatively offer more discount in order to earn more business potential in the future.
SDGs
Type
journal article