The association between audit committee characteristics and audit fees

Auditing

Volumn 22, Issue 2, 2003, Pages 17-32

  Abbott, Lawrence J ^a   Parker, Susan ^b   Peters, Gary F ^c   Raghunandan, K ^d  

^a UNIVERSITY OF MEMPHIS   (United States)

^b SANTA CLARA UNIVERSITY   (United States)

^c UNIVERSITY OF ARKANSAS   (United States)

^d FLORIDA INTERNATIONAL UNIVERSITY   (United States)

Author keywords

Audit committee; Audit fees

Indexed keywords

EID: 3142579279     PISSN: 02780380     EISSN: None     Source Type: Journal    
DOI: 10.2308/aud.2003.22.2.17     Document Type: Review

References (41)

1. Abbott, L. J., and S. Parker. 2000. Audit committee characteristics and auditor selection. Auditing: A Journal of Practice & Theory 19 (Fall): 47-66.
2. _, and _. 2001. Audit committee characteristics and auditor selection: Evidence from auditor switches. Research in Accounting Regulation 15: 151-167.
3. _, _, and G. Peters. 2003. Audit committee characteristics and restatements: A study of the efficacy of certain Blue Ribbon Committee recommendations. Auditing: A Journal of Practice & Theory (forthcoming).
4. Baysinger, B., and H. Butler. 1985. Corporate governance and the board of directors: Performance effects of changes in board composition. Journal of Law, Economics and Organization 1 (January): 101-124.
5. Beasley, M. S., J. V. Carcello, D. R. Hermanson, and P. D. Lapides. 2000. Fraudulent financial reporting: Consideration of industry traits and corporate governance mechanisms. Accounting Horizons 14 (December): 14-21.
6. Belsley, D. A., E. Kuh, and R. E. Welsch. 1980. Regression Diagnostics, Identifying Influential Data and Sources of Collinearity. New York, NY: John Wiley & Sons.
7. Blue Ribbon Committee (BRC). 1999. Audit Committee Characteristics and Restatements: A Study of the Efficacy of Certain Blue Ribbon Committee Recommendations. New York, NY: New York Stock Exchange and National Association of Securities Dealers.
8. Carcello, J., and T. Neal. 2000. Audit committee composition and auditor reporting. The Accounting Review 75 (October): 453-467.
9. _, D. Hermanson, T. Neal, and R. Riley. 2002a. Board characteristics and audit fees. Contemporary Accounting Research 19 (Fall): 365-385.
10. _, _, _, and _. 2002b. Disclosures in audit committee charters and reports. Accounting Horizons 16 (December): 291-304.
11. _, and T. Neal. 2003. Audit committee characteristics and auditor dismissals following "new" going-concern reports. The Accounting Review 78 (January): 95-117.
12. Davis, L. R., D. N. Ricchiute, and G. Trompeter. 1993. Audit effort, audit fees, and the provision of nonaudit services to audit clients. The Accounting Review 68 (January): 135-150.
13. DeAngelo, L. 1981. Auditor size and audit quality. Journal of Accounting and Economics (December): 183-199.
14. DeZoort, F. T. 1997. An investigation of audit committees' oversight responsibilities. Abacus (September): 208-227.
15. _. 1998. An analysis of experience effects on audit committee members' oversight judgments. Accounting, Organizations and Society 23 (January): 1-21.
16. _, and S. Salterio. 2001. The effects of corporate governance experience, financial-reporting and audit knowledge on audit committee members' judgments. Auditing: A Journal of Practice & Theory 20 (September): 31-47.
17. Emby, C., and R. Davidson. 1998. The effects of engagement factors on auditor independence: Canadian evidence. Journal of International Accounting, Auditing and Taxation 7 (Spring): 163-179.
18. Fama, E., and M. Jensen. 1983. Agency problems and residual claims. Journal of Law and Economics 26 (Spring): 327-349.
19. Felix, W., A. Gramling, and M. Maletta. 2001. The contribution of internal audit as a determinant of audit fees and factors influencing this contribution. Journal of Accounting Research 31 (Supplement): 513-535.
20. Francis, J. R., and D. Simon. 1987. A test of audit firm pricing in the small client segment of the U.S. audit market. The Accounting Review 62 (January): 145-167.
21. Franz, D. R., D. Crawford, and E. N. Johnson. 1998. The impact of litigation against an audit firm on the market value of nonlitigating clients. Journal of Accounting, Auditing and Finance 13 (Spring): 117-134.
22. Gramling, A. A., and D. N. Stone. 2001. Audit firm industry expertise: A review and synthesis of the archival literature. Journal of Accounting Literature (20): 1-29.
23. _, V. E. Johnson, and I. K. Khurana. 2002. The association between audit firm industry experience and financial reporting quality. Working paper, Georgia State University.
24. Gul, F., and J. Tsui. 2001. Free cash flow, debt monitoring, and audit pricing: Further evidence on the role of director equity ownership. Auditing: A Journal of Practice & Theory 20 (September): 71-84.
25. Independence Standards Board (ISB). 1999. Independence Discussions with Audit Committees. Standard No.1. New York, NY:ISB.
26. Kalbers, L. P., and T. J. Fogarty. 1993. Audit committee effectiveness: An empirical investigation of the contribution of power. Auditing: A Journal of Practice & Theory 12 (Spring): 24-49.
27. Knapp, M. 1985. Audit conflict: An empirical study of the perceived ability of auditors to resist management pressure. The Accounting Review 60 (April): 202-211.
28. _. 1987. An empirical study of audit committee support for auditors involved in technical disputes with client management. The Accounting Review 62 (July): 578-588.
29. Krishnan, J. 1999. A comparison of auditor's self-reported industry expertise and alternative measures of industry specialization. Working paper, Temple University.
30. Menon, K., and J.D. Williams. 1994. The use of audit committees for monitoring. Journal of Accounting and Public Policy 13 (Spring): 121-139.
31. National Association of Corporate Directors (NACD). 2000. Report of the NACD Blue Ribbon Commission on Audit Committees. Washington, D.C.: NACD.
32. National Commission on Fraudulent Financial Reporting (the Treadway Commission). 1987. Report of the National Commission of Fraudulent Financial Reporting. Washington, D.C.: Government Printing Office.
33. Public Oversight Board (POB). 1993. In the Public Interest: A Special Report by the Public Oversight Board of the SEC Practice Section. Stamford, CT: POB.
34. _. 1994. Strengthening the Professionalism of the Independent Auditor: Report to the Public Oversight Board of the SEC Practice Section, American Institute of Certified Public Accountants. Stamford, CT: POB.
35. Raghunandan, K., W. J. Read, and D. V. Rama. 2001. Audit committee composition, "gray directors," and interaction with internal auditing. Accounting Horizons (June): 105-118.
36. Reinstein, A., J. Callaghan, and L. Braiotta, Jr. 1984. Corporate audit committees: Reducing directors' legal liabilities. Journal of Urban Law (Winter): 375-389.
37. Sahlman, W. A. 1990. Why sane people shouldn't serve on public boards. Harvard Business Review (May-June): 28-35.
38. Simon, D. T., and J. R. Francis. 1988. The effects of auditor changes on audit fees: Tests of price cutting and price recovery. The Accounting Review 63 (April): 255-269.
39. Simunic, D. A. 1984. Auditing, consulting, and auditor independence. Journal of Accounting Research 22 (Autumn): 679-702.
40. _, and M. T. Stein. 1996. The impact of litigation risk on audit pricing: A review of the economics and the evidence. Auditing: A Journal of Practice & Theory 15 (Supplement): 119-134.
41. Tsui, J., B. Jaggi, and F. Gul. 2001. CEO domination, discretionary accruals and audit fees. Journal of Accounting, Auditing and Finance (Summer): 189-207.