Audit Fees for Initial and Subsequent Engagements: Evidence from Firms Listed in Tehran Stock Exchange

Legislators, regulators, and the media have expressed concerns about pricing of initial and subsequent audit engagement and their implications for auditor independence and audit quality. The main concern is about the issue of “low-balling” in the initial audit engagement and its adverse effects on a...

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Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2014
Materias:	initial audit engagement audit fees low-balling auditor tenure Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/b6ace06de31c4ea583ce0fd800552c59
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id	oai:doaj.org-article:b6ace06de31c4ea583ce0fd800552c59
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spelling	oai:doaj.org-article:b6ace06de31c4ea583ce0fd800552c592021-11-04T19:46:16ZAudit Fees for Initial and Subsequent Engagements: Evidence from Firms Listed in Tehran Stock Exchange2008-89142476-292X10.22103/jak.2014.641https://doaj.org/article/b6ace06de31c4ea583ce0fd800552c592014-02-01T00:00:00Zhttps://jak.uk.ac.ir/article_641_0cd70067a4804e7c814a0fbc21471773.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XLegislators, regulators, and the media have expressed concerns about pricing of initial and subsequent audit engagement and their implications for auditor independence and audit quality. The main concern is about the issue of “low-balling” in the initial audit engagement and its adverse effects on auditor independence and audit quality. This study examines the relationship between initial and subsequent audit engagement and audit fees. Using a sample of 931 firm-year observations from companies listed in the Tehran Stock Exchange during 1379-1388 and multiple regression models, we found the audit fees for initial audit engagement are higher than the subsequent audit engagement. We also found that there is no significant relationship between audit fees and subsequent audit engagement. Totally, the results do not confirm the issue of low-balling.Shahid Bahonar University of Kermanarticleinitial audit engagementaudit feeslow-ballingauditor tenureAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 4, Iss 15, Pp 105-127 (2014)
institution	DOAJ
collection	DOAJ
language	FA
topic	initial audit engagement audit fees low-balling auditor tenure Accounting. Bookkeeping HF5601-5689
spellingShingle	initial audit engagement audit fees low-balling auditor tenure Accounting. Bookkeeping HF5601-5689 Audit Fees for Initial and Subsequent Engagements: Evidence from Firms Listed in Tehran Stock Exchange
description	Legislators, regulators, and the media have expressed concerns about pricing of initial and subsequent audit engagement and their implications for auditor independence and audit quality. The main concern is about the issue of “low-balling” in the initial audit engagement and its adverse effects on auditor independence and audit quality. This study examines the relationship between initial and subsequent audit engagement and audit fees. Using a sample of 931 firm-year observations from companies listed in the Tehran Stock Exchange during 1379-1388 and multiple regression models, we found the audit fees for initial audit engagement are higher than the subsequent audit engagement. We also found that there is no significant relationship between audit fees and subsequent audit engagement. Totally, the results do not confirm the issue of low-balling.
format	article
title	Audit Fees for Initial and Subsequent Engagements: Evidence from Firms Listed in Tehran Stock Exchange
title_short	Audit Fees for Initial and Subsequent Engagements: Evidence from Firms Listed in Tehran Stock Exchange
title_full	Audit Fees for Initial and Subsequent Engagements: Evidence from Firms Listed in Tehran Stock Exchange
title_fullStr	Audit Fees for Initial and Subsequent Engagements: Evidence from Firms Listed in Tehran Stock Exchange
title_full_unstemmed	Audit Fees for Initial and Subsequent Engagements: Evidence from Firms Listed in Tehran Stock Exchange
title_sort	audit fees for initial and subsequent engagements: evidence from firms listed in tehran stock exchange
publisher	Shahid Bahonar University of Kerman
publishDate	2014
url	https://doaj.org/article/b6ace06de31c4ea583ce0fd800552c59
_version_	1718444673685520384

Audit Fees for Initial and Subsequent Engagements: Evidence from Firms Listed in Tehran Stock Exchange

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