Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10489647 | Journal of Accounting and Public Policy | 2005 | 35 Pages |
Abstract
Independence, it has been argued, is influenced by the total auditor remuneration paid by the client. In this study we examine total auditor remuneration in a regulated market which seeks to ensure audit independence and audit quality. In particular we undertake rigorous analysis of auditor remuneration by the type of auditor: We place emphasis on the differentiation between private sector firms and the AC's in-house auditors (District Audit). Individual private audit firms charge premiums (up to 16%) for particular audit work in identified locations, but no premiums were found when we examined total auditor remuneration. The regime appears to permit efficient operation of the audit market while safeguarding both audit independence and standards.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Accounting
Authors
Ilias G. Basioudis, Sheila Ellwood,