Audit Fees and Social Capital

被引：330

作者：

Jha, Anand ^{[1
]}

Chen, Yu ^{[1
]}

机构：

[1] Texas A&M Int Univ, Laredo, TX 78041 USA

来源：

ACCOUNTING REVIEW | 2015年 / 90卷 / 02期

关键词：

audit fees; social capital; client risk; audit effort; SARBANES-OXLEY; QUALITY; IMPACT; RISK; INCENTIVES; GOVERNMENT; RELIGION; MATTER; TRUST;

D O I：

10.2308/accr-50878

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We examine the impact of social capital on audit fees. We find that firms headquartered in U.S. counties with high social capital pay lower audit fees. Social capital measures the level of mutual trust in a region. Our results suggest that auditors judge the trustworthiness of their clients based on where the firm is headquartered and charge a premium when they trust the firm less. The basis of our results is the examination of more than 28,000 audit fees for more than 5,000 firms spanning the period of 2000 to 2009. The results are robust to controlling for a large number of firm-level and county-level characteristics.

引用

页码：611 / 639

页数：29

共 75 条

[1]

Advisory Committee on the Auditing Profession (ACAP), 2008, Final report of the Advisory Committee on the Auditing Profession to the U.S. Department of the Treasury

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