An audit is the review or inspection of a company or individual's accounts by an independent body. Auditors may be hired internally by the company or work for an external third-party firm. Almost all companies conduct a yearly audit of their financial statements. This includes the review of ...
Whisenant (2003): "Are non-audit fees associated with restated financial statements? Initial empirical evidence", mimeo, Massachsetts Institute of Technology.Raghunandan, Kannan, Read, William J. and Whisenant, Scott, Are Non-Audit Fees Associated with Restated Financial Statements? Initial Empirical...
Auditors' independence is the cornerstone of the auditing profession, because without auditor's independence investors would not be able to rely on the so-called "audited" financial statements. Currently in Singapore, audit-fee disclosure is not mandatory except for banks as stipulated by the ...
We find that innovative Prospector strategies are associated with a greater likelihood of financial reporting irregularities and that audit fees are higher for such clients. Our findings suggest that business strategy is a separate construct with incremental information content beyond the individual measures...
However, any reductions in audit fees will vary with salient characteristics of the fair value reporting, including the difficulty to measure and the treatment within the financial statements. Key Terms: fair value, audit fees, audit pricing, real estate industry, IFRS * Corresponding author: ...
After controlling for internal control quality, we find that abnormal audit fees are negatively associated with the likelihood that financial statements are subsequently restated. This result conflicts with prior work that finds that audit fees are positively associated with future restatements. Overall, ...
In addition, auditors are more likely to charge higher audit fees and to issue a modified or going-concern audit opinion to firms with larger absolute non- articulation amounts. Our findings are consistent with the view that larger absolute non- articulation amounts indicate lower financial ...
theSecuritiesandExchangeCommissionrecentlyissuedrevisedauditor independencerulesrequiringfirmstodiscloseintheirannualproxystatementtheamountoffees paidtoauditorsforauditandnon-auditservices.Usingdatacollectedfromproxystatements filedbetweenFebruary5,2001andJune15,2001,wepresentevidencethatfirmspurchasing morenon-auditservices...
- 《International Review of Financial Analysis》 被引量: 0发表: 2024年 The effects of IFRS experience on audit fees for listed companies in China Purpose – The purpose of this paper is to examine whether and how auditors' and audit clients' IFRS-related experience alters auditors' pricing ...
opinions.The finding indicates that auditors fully utilize the information in the book-tax differences when auditing firms′ financial statements.The results have significant meanings to normalize the information disclosure,to reduce information asymmetry in the securities change and to protect investors′ ...