The Relationship Between Corporate Governance and Audit Fees

Corporate governance is a set of policies, methods and proceedings that are carried out to provide the required interests of firm’s stockholders and accountability, transparency and fairness in firm’s operation, using internal and external mechanisms. There are two contrary views expressed in the li...

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Autores principales:	Seyed Hossein Alavi Tabari, Roohollah Rajabi, Mansooreh Shahbazi
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2011
Materias:	corporate governance outside directors audit fees Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/f281468ce5a2439b8973dfc9514f93a2
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spelling	oai:doaj.org-article:f281468ce5a2439b8973dfc9514f93a22021-11-04T19:41:36ZThe Relationship Between Corporate Governance and Audit Fees2008-89142476-292X10.22103/jak.2011.27https://doaj.org/article/f281468ce5a2439b8973dfc9514f93a22011-06-01T00:00:00Zhttps://jak.uk.ac.ir/article_27_10978e06c10207c0ce59672bd506ca70.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XCorporate governance is a set of policies, methods and proceedings that are carried out to provide the required interests of firm’s stockholders and accountability, transparency and fairness in firm’s operation, using internal and external mechanisms. There are two contrary views expressed in the literature, regarding the relationship between corporate governance and audit function. First, corporate governance as a set of internal and external controls may reduce misreporting risk and damaging manipulation that, in turn, improves auditing process and effectiveness, and then, makes audit fees to reduce. Second, improved governance creates needs to auditing function that could raise audit fees. This study examines whether corporate governance mechanisms correlate with audit fees in Iran or not, and such a correlation moves upward or downward. We use a sample of 201 firms listed in Tehran Security Exchange (TSE) in 2008, and select 10 known factors of corporate governance from the relevant theories and sorces, and analyze the expected relationship between corporate governance and audit fees. The results show that two factors of corporate governance, namely the share owned by government institutions and the type of auditor are correlated with audit fees significantly and directly.Seyed Hossein Alavi TabariRoohollah RajabiMansooreh ShahbaziShahid Bahonar University of Kermanarticlecorporate governanceoutside directorsaudit feesAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 2, Iss 5, Pp 75-101 (2011)
institution	DOAJ
collection	DOAJ
language	FA
topic	corporate governance outside directors audit fees Accounting. Bookkeeping HF5601-5689
spellingShingle	corporate governance outside directors audit fees Accounting. Bookkeeping HF5601-5689 Seyed Hossein Alavi Tabari Roohollah Rajabi Mansooreh Shahbazi The Relationship Between Corporate Governance and Audit Fees
description	Corporate governance is a set of policies, methods and proceedings that are carried out to provide the required interests of firm’s stockholders and accountability, transparency and fairness in firm’s operation, using internal and external mechanisms. There are two contrary views expressed in the literature, regarding the relationship between corporate governance and audit function. First, corporate governance as a set of internal and external controls may reduce misreporting risk and damaging manipulation that, in turn, improves auditing process and effectiveness, and then, makes audit fees to reduce. Second, improved governance creates needs to auditing function that could raise audit fees. This study examines whether corporate governance mechanisms correlate with audit fees in Iran or not, and such a correlation moves upward or downward. We use a sample of 201 firms listed in Tehran Security Exchange (TSE) in 2008, and select 10 known factors of corporate governance from the relevant theories and sorces, and analyze the expected relationship between corporate governance and audit fees. The results show that two factors of corporate governance, namely the share owned by government institutions and the type of auditor are correlated with audit fees significantly and directly.
format	article
author	Seyed Hossein Alavi Tabari Roohollah Rajabi Mansooreh Shahbazi
author_facet	Seyed Hossein Alavi Tabari Roohollah Rajabi Mansooreh Shahbazi
author_sort	Seyed Hossein Alavi Tabari
title	The Relationship Between Corporate Governance and Audit Fees
title_short	The Relationship Between Corporate Governance and Audit Fees
title_full	The Relationship Between Corporate Governance and Audit Fees
title_fullStr	The Relationship Between Corporate Governance and Audit Fees
title_full_unstemmed	The Relationship Between Corporate Governance and Audit Fees
title_sort	relationship between corporate governance and audit fees
publisher	Shahid Bahonar University of Kerman
publishDate	2011
url	https://doaj.org/article/f281468ce5a2439b8973dfc9514f93a2
work_keys_str_mv	AT seyedhosseinalavitabari therelationshipbetweencorporategovernanceandauditfees AT roohollahrajabi therelationshipbetweencorporategovernanceandauditfees AT mansoorehshahbazi therelationshipbetweencorporategovernanceandauditfees AT seyedhosseinalavitabari relationshipbetweencorporategovernanceandauditfees AT roohollahrajabi relationshipbetweencorporategovernanceandauditfees AT mansoorehshahbazi relationshipbetweencorporategovernanceandauditfees
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The Relationship Between Corporate Governance and Audit Fees

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