The impact of the global financial crisis on audit and non-audit fees: Evidence from Sweden
The impact of the global financial crisis on audit and non-audit fees: Evidence from Sweden
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全球金融危机对审计和非审计费用的影响：来自瑞典的证据
DOI：
10.1108/maj-04-2014-1025
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发表时间：
2015
影响因子：
2.9
通讯作者：
Tobias Svanström
中科院分区：
文献类型：
--
作者：
Irina V. Alexeyeva;Tobias Svanström
目的--本文件旨在调查全球金融危机(GFC)期间的审计和非审计费用，在提供非审计服务方面监管相对宽松的环境中。设计/方法/办法--在《全球财务报告》前(2006-2007年)、《全球财务报告》(2008-2009年)和《全球财务报告》后(2010-2011年)期间对审计和非审计费用进行了研究。调查结果--在GFC期间，瑞典公司受益于销售额和总资产的增加，尽管资产回报率下降。在这种情况下，审计人员收取的审计费用比全球财务报告制度实施前的期间要高，尽管没有增加审计报告滞后。在危机后期间，审计费用继续大幅增加，审计师更加关注公司的杠杆率以及它们是否报告亏损。与此同时，这些公司在非审计服务上的支出减少。研究限制/影响--这项研究仅限于瑞典的公司，瑞典受GFC的影响较小。实际影响--GFC审计师能够向上市公司收取更高的审计费，包括那些在金融危机期间表现良好的公司，他们还能够在危机后时期提高审计费。这意味着审计师投入了额外的审计努力来补偿更高的风险，或者他们擅长与客户谈判价格。然而，同期非审计费用有所下降，这意味着在金融不稳定的情况下，对这些服务的需求有所下降。原创性/价值--这项研究突出了自由经济环境下审计师的行为，并研究了GFC之前、GFC期间和GFC之后的审计费用和非审计费用。GFC似乎为审计公司提供了赚取更高审计费用的机会。我们的发现引起了管理者、审计师和监管者的兴趣。
Purpose - – The paper aims to investigate audit and non-audit fees during the global financial crisis (GFC) in an environment that is relatively sparsely regulated with regard to the provision of non-audit services. Design/methodology/approach - – Audit and non-audit fees were studied during pre-GFC (2006-2007), GFC (2008-2009) and post-GFC (2010-2011) periods. Findings - – During the GFC, Swedish companies benefited from an increase in sales and total assets, although return on assets decreased. In this setting, the auditors charged higher audit fees compared with the pre-GFC period, despite the absence of increased audit reporting lags. A significant increase in audit fees continued during the post-crisis periods with auditors paying more attention to companies’ leverage and whether they report losses. At the same time, the companies spent less on non-audit services. Research limitations/implications - – This study is limited to companies from Sweden, which was less affected by the GFC. Practical implications - – GFC auditors are able to charge higher audit fees to public companies including those that are well-performing during financial crises, and they are also able to increase the audit fees in the post-crisis period. This implies that auditors put in extra audit effort to compensate for higher risk, or that they are good at negotiating prices with their clients. However, non-audit fees decreased during the same period, implying that the demand for these services drops under financial instability. Originality/value - – The study highlights auditors’ behavior in the liberal economic environment and it studies both audit fees and non-audit fees before GFC, during GFC and after the GFC. The GFC appears to have provided audit firms the opportunity to extract higher audit fees. Our findings are of interest to managers, auditors and regulators.
《审计费用与非审计费用之间的关系》
DOI：
--
发表时间：
2007
期刊：
Accounting Progress 8
影响因子：
--
作者：
Kenichi;Yazawa
通讯作者：
Yazawa
审计师声誉、行业专业化和审计定价：来自日本的证据
DOI：
--
发表时间：
2011
期刊：
American Accounting Association Annual Meeting 2011 proceedings
影响因子：
--
作者：
Kondo;T. and Udagawa U.;近藤隆史;近藤隆史;近藤隆史;Sakuma Yoshihiro
通讯作者：
Sakuma Yoshihiro