External Audit Fee Levels in NHS Trusts

Posted: 18 Sep 2000

See all articles by Mark Clatworthy

Mark Clatworthy

University of Bristol, Department of Accounting and Finance

Howard Mellett

Cardiff Business School

Michael J. Peel

Cardiff University - Cardiff Business School

Abstract

This article discusses the external auditing regime of NHS trusts and analyses the fees charged by their auditors. It adapts approaches developed in the private sector to investigate audit fees paid by NHS trusts and finds that, while similar factors are associated with the audit fees of trusts, there is no evidence of a Big 6 premium and trust audit fees are significantly lower than those of similar private sector organizations. Explanations for this are sought in the different natures of public and private sector audits, which indicate that differences in fees might be anticipated in the public sector, especially with the presence of a quasi-regulator in the form of the Audit Commission.

JEL Classification: M49, M48, L84

Suggested Citation

Clatworthy, Mark A. and Mellett, Howard James and Peel, Michael J., External Audit Fee Levels in NHS Trusts. As published in Public Money & Management, Vol 20, No 1, January 2000. Available at SSRN: https://ssrn.com/abstract=234563

Mark A. Clatworthy (Contact Author)

University of Bristol, Department of Accounting and Finance ( email )

School of Economics, Finance and Management
8 Woodland Road
Bristol, BS8 1TN
United Kingdom
+44(0)1173310914 (Phone)

Howard James Mellett

Cardiff Business School ( email )

Aberconway Building
Colum Drive
Cardiff, CF10 3EU
United Kingdom
+44 (0)29 2087 5704 (Phone)
+44 (0)29 20874419 (Fax)

Michael J. Peel

Cardiff University - Cardiff Business School ( email )

Cardiff
United Kingdom

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