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Determinants of Audit Fees for French Quoted Firms


Author Info

  • Nathalie Gonthier-Besacier

    (Université de Grenoble 2)

  • Alain Schatt

    (Université de Strasbourg 3)


This paper seeks to contribute to the international literature by researching the factors influencing audit fees in France. The French case is specific because the law requires a joint auditing process involving two separate auditors for firms that publish consolidated financial statements. Since 2003, the disclosure of audit fees has been compulsory in France, but numerous firms decided to voluntarily disclose their audit fees for the year 2002. We attempt here to elucidate the amount spent on audit fees in 2002 in a sample of 127 French (non-financial) firms. The main finding is that audit fees depend on firm size, firm risk, and the presence of two of the Big Four firms. When two Big Four firms audit company accounts, the fees charged (adjusted for company size) are significantly lower in comparison with those paid in the other cases. These results appear not to have been influenced by the share of fees paid by the companies to the main auditor.

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Bibliographic Info

Paper provided by Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations in its series Working Papers CREGO with number 1060301.

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Length: 37 pages
Date of creation: Mar 2006
Date of revision:
Handle: RePEc:dij:wpfarg:1060301

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Postal: 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France

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Postal: Angèle Renaud, CREGO, 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France

Related research

Keywords: Audit fees; France; Joint auditors; Firm size; Firm risk; Big Four.;

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  1. Michael Firth, 1997. "The Provision of Non-audit Services and the Pricing of Audit Fees," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 24(3), pages 511-525.
  2. DeAngelo, Linda Elizabeth, 1981. "Auditor size and audit quality," Journal of Accounting and Economics, Elsevier, Elsevier, vol. 3(3), pages 183-199, December.
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Cited by:
  1. Tom Van Caneghem, 2010. "Audit pricing and the Big4 fee premium: evidence from Belgium," Managerial Auditing Journal, Emerald Group Publishing, Emerald Group Publishing, vol. 25(2), pages 122-139, February.
  2. Adel Chouaya, 2008. "Effet de l'obligation de publier les honoraires d'audit sur les honoraires des exercices ultérieurs : Le cas français," Post-Print halshs-00522481, HAL.
  3. Mehdi Nekhili & Wafa Masmoudi & Dhikra Chebbi Nehkili, 2009. "Choix de l’auditeur externe, honoraires d’audit et gouvernance des entreprises françaises," Working Papers CREGO, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations 1090501, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
  4. Chouaya, Adel, 2008. "Effet de l’obligation de publier les honoraires d’audit sur les honoraires d’audit des exercices ultérieurs : Le cas français / Impact of the Public Fee Disclosure Requirement on Subsequent Pe," Economics Papers from University Paris Dauphine 123456789/3506, Paris Dauphine University.
  5. Soltani, Bahram & Rekik, Chédia & Casta, Jean-François, 2011. "Factors affecting audit fees in Europe: France, Germany, and the UK," Economics Papers from University Paris Dauphine 123456789/8473, Paris Dauphine University.
  6. Bernard Raffournier & Alain Schatt, 2011. "La relation entre honoraires d'audit et honoraires de conseil des auditeurs dans un contexte post-SOX : Le cas suisse," Post-Print hal-00650561, HAL.
  7. Oana Raluca Ivan, 2011. "Audit Fee Econometrical Models An Overview Of The Auditing Research Literature," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(13), pages 20.
  8. C. Piot & A. Schatt, 2010. "La réglementation de l'audit est-elle dans l'intérêt public : quelques enseignements du modèle français," Post-Print halshs-00534758, HAL.


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