Abstract

http://ssrn.com/abstract=1768199
 
 

Citations (6)



 


 



Audit Markets, Fees and Production: Towards an Integrated View of Empirical Audit Research


Monika Causholli


University of Kentucky

Michael De Martinis


Monash University

David Hay


University of Auckland - Department of Accounting and Finance

W. Robert Knechel


University of Florida - Fisher School of Accounting

February 23, 2011

Journal of Accounting Literature, Volume 29 (2010), 167-215

Abstract:     
The purpose of this paper is to integrate research on audit markets, fees and production. We present a model of the components that determine audit fees and production [hours]. We observe that, overall, knowledge is concentrated on certain aspects of the model and it is not well-integrated. In particular, little is known about the labor market for the factors of audit production; and while there is extensive research in audit fees, what is known is often conditional and driven by the context of the studies. Further, and at a more general level, the limited focus of prior research omits certain elements of the audit market and audit production that could influence how audit fee research should be interpreted. The paper develops an integrated view that will help to interpret existing research and guide future researchers. We use the integrated view of audit research to derive some overall conclusions concerning our current understanding of audit markets and to suggest some directions for future research.

Number of Pages in PDF File: 73

Keywords: Auditing, Audit markets, Audit fees, Audit production, Audit research

JEL Classification: D21, D43, G39, J24, J44, K22, L84, M41

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Date posted: February 26, 2011 ; Last revised: June 6, 2013

Suggested Citation

Causholli, Monika and De Martinis, Michael and Hay, David and Knechel, W. Robert, Audit Markets, Fees and Production: Towards an Integrated View of Empirical Audit Research (February 23, 2011). Journal of Accounting Literature, Volume 29 (2010), 167-215. Available at SSRN: http://ssrn.com/abstract=1768199

Contact Information

Monika Causholli
University of Kentucky ( email )
Lexington, KY 40506
United States
Michael De Martinis
Monash University ( email )
Wellington Road
Victoria, 3145
Australia
David Hay (Contact Author)
University of Auckland - Department of Accounting and Finance ( email )
Private Bag 92019
Auckland 1001
New Zealand
+64 9 373-7599 (Phone)
+64 9 373-7406 (Fax)
W. Robert Knechel
University of Florida - Fisher School of Accounting ( email )
Warrington College of Business
PO Box 117166
Gainesville, FL 32611-7166
United States
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