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Determinants Of Audit Fees For Quoted Uk Companies

Author

Listed:
  • Philip Chan
  • Mahmoud Ezzamel
  • David Gwilliam

Abstract

This study reports further evidence as to the determinants of the audit fees paid by quoted companies in the UK. It outlines a framework based on the findings from semi‐structured interviews with partners in four large audit firms and the results of previous research, and tests this framework by means of multivariate analysis using 1987 data for a large sample of quoted UK companies. A model explaining 87 per cent of the variation in audit fees is constructed. The principal explanatory variables are found to be auditee size, return on shareholders equity, the number of subsidiaries, the lag between the year end and the date of the audit report, the size of the auditor, a measure of auditee diversification, the ownership structure of the auditee, and whether the auditor was based in London, with the last three being new variables introduced in this study.

Suggested Citation

  • Philip Chan & Mahmoud Ezzamel & David Gwilliam, 1993. "Determinants Of Audit Fees For Quoted Uk Companies," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 20(6), pages 765-786, November.
    • Handle: RePEc:bla:jbfnac:v:20:y:1993:i:6:p:765-786
    DOI: 10.1111/j.1468-5957.1993.tb00292.x
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    Cited by:

    1. Shreya Biswas, 2021. "Do Audit Fees Adjust Quickly?—Evidence from India," Global Business Review, International Management Institute, vol. 22(5), pages 1301-1318, October.
    2. Khushboo & Karamjeet Singh, 2021. "Impact of Audit Quality on Earnings Management: An Empirical Analysis in the Indian Context," Indian Journal of Corporate Governance, , vol. 14(2), pages 154-179, December.
    3. Matthew Grosse & Tom Scott & Zeting Zang, 2024. "Aligning disclosure requirements for managerial assessments of going concern risk: Initial evidence from New Zealand," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(2), pages 1525-1547, June.

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