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2014
- handle: 10670/1.tgac0x
- hal: hal-01165527
Mots-clés
External Auditor Big Four Majors Audit Fees Governance Ownership Structure G - Financial Economics/G.G3 - Corporate Finance and Governance/G.G3.G30 - General M - Business Administration and Business Economics • Marketing • Accounting • Personnel Economics/M.M4 - Accounting and Auditing/M.M4.M42 - AuditingSujets proches
Commerce--Accounting Finance--Accounting Commercial accounting Business enterprises--Accounting Financial accounting AccountancyCiter ce document
Mehdi Nekhili et al., « France’s joint-audit requirement and audit fees: The influence of ownership and governance », HAL-SHS : économie et finance, ID : 10670/1.tgac0x
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Résumé
Besides the size of the external auditor, which is a major determinant, audit fees depend also on audit market characteristics, corporate governance and ownership. On the basis of a sample of 130 French listed companies during the 2004–2006 period, we present evidence of a “Big” auditor premium. The results highlight that the presence of a “Big” among auditors has a positive and significant effect of the level of audit fees. This impact is more important in the case of joint audit by two “Big” auditors. The choice of a “Major” auditor also increases the level of audit fees. Finally, we find that governance and ownership characteristics act in different ways on auditor’s selection involving complementarity or substitution with external audit.