The Association between Audit‐Firm Tenure and Audit Fees Paid to Successor Auditors: Evidence from Arthur Andersen
The Association between Audit‐Firm Tenure and Audit Fees Paid to Successor Auditors: Evidence from Arthur Andersen
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审计公司任期与支付给继任审计师的审计费用之间的关联：来自安达信的证据
DOI：
10.2308/aud.2007.26.2.95
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发表时间：
2007
期刊：
影响因子：
3.7
通讯作者：
Michael T. Stein
中科院分区：
文献类型：
--
作者：
Burch T. Kealey;H. Y. Lee;Michael T. Stein
本研究检验了前任审计师-客户任期是否与支付给继任审计师的审计费用相关。在过去，研究与前任审计师的任期和继任者收取的费用之间的关联是有问题的，因为难以控制审计师变更的原因。然而，2002年底安达信的倒闭导致了大量的外部审计师转换。使用前安达信客户的样本，我们的主要发现是，继任审计师收取的审计费用随着前任审计师任期的长短而变化。鉴于审计市场是有效的，目前的收费和前审计师任期之间的正相关关系表明，我们认为继任审计师的新客户有更长的任期与他们的前任审计师的风险更高。
This study tests whether prior auditor‐client tenure is associated with the audit fees paid to the successor auditor. In the past, studying the association between tenure with the prior auditor and fees charged by the successor was problematic because of the difficulty in controlling for the causes of the auditor change. However, the collapse of Andersen in late 2002 led to a significant number of exogenous auditor switches. Using a sample of former Andersen clients, our major finding is that audit fees charged by the successor auditor varied positively with the length of the prior auditor's tenure. Given that the audit market is efficient, the observed positive association between current fees and prior auditor tenure suggests to us that successor auditors perceived higher risk from new clients having longer tenure with their previous auditor.