Determinanten der Höhe von Wirtschaftsprüfungshonoraren am Beispiel von gelisteten Unternehmen im Prime Standard (Which Factors Explain the Amount of Audit Fees Paid by Prime Standard Companies?)

ifes Schriftenreihe Band 15 (2017)

52 Pages Posted: 18 Oct 2019

See all articles by Frank Lehrbass

Frank Lehrbass

L*PARC (Lehrbass Predicitive Analytics and Risk Consulting); FOM University of Applied Sciences for Economics and Management; University of the Bundesbank

Niklas Scheipers

FOM University of Applied Sciences - ESSEN

Date Written: December 1, 2017

Abstract

German Abstract: Wir untersuchen einen Paneldatensatz von Firmen aus dem Prime Standard in Deutschland (DAX 30, MDAX, SDAX, TecDAX) über die Jahre 2013-2015, um Faktoren zu identifizieren, die die Höhe der Prüfungshonorare bestimmen. Es zeigt sich, dass ein Random-Effects-Modell (REM) am besten geeignet ist und ein R² of 73.21% hat. Total assets, other fees und number of employees werden als signifikante Faktoren bestimmt.

English Abstract: A company has to pay an external auditor an audit fee in exchange for performing an audit. The prime standard requires publication of this figure. We investigate companies within the Prime Standard in Germany (DAX 30, MDAX, SDAX, TecDAX) over the years 2013-2015. It turns out that a Random-Effects-Model (REM) is best suited for this panel data and generates an R² of 73.21%. Total assets, other fees and number of employees are identified as significant factors.

Note: Downloadable document is in German.

Keywords: auditing, pricing of auditing services

JEL Classification: M41, M42, M48

Suggested Citation

Lehrbass, Frank and Scheipers, Niklas, Determinanten der Höhe von Wirtschaftsprüfungshonoraren am Beispiel von gelisteten Unternehmen im Prime Standard (Which Factors Explain the Amount of Audit Fees Paid by Prime Standard Companies?) (December 1, 2017). ifes Schriftenreihe Band 15 (2017). Available at SSRN: https://ssrn.com/abstract=3453055

Frank Lehrbass (Contact Author)

L*PARC (Lehrbass Predicitive Analytics and Risk Consulting) ( email )

Dusseldorf
Germany

HOME PAGE: http://lehrbass.de

FOM University of Applied Sciences for Economics and Management ( email )

Toulouser Allee 53
Dusseldorf, 40476
Germany

University of the Bundesbank ( email )

Schloss
Hachenburg, 57627
Germany

Niklas Scheipers

FOM University of Applied Sciences - ESSEN ( email )

Leimkugelstarsse 6
Essen, 45141
Germany

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