The objective of this paper is to examine the risk-related premiums of disclosed audit fees in the Austrian and German … markets for audit services. The idea of the paper is to determine a risk-free, entity-specific audit fee. By comparing this … fee with the disclosed audit fee, we determine risk-related audit fee premiums. In contrast to the previous studies that …

We investigate the impact of three German audit market characteristics on audit and non-audit fees for the years 2005 …-2007. We find no relation between audit and non-audit fees, which suggests that audit and non-audit fee determination in … audit engagements depends significantly on client size. We find no evidence of network-related fee reporting bias due to the …

We study the empirical relation between audit fees and governance mechanisms in Germany. Using data from German listed …-based management remuneration has a significant positive impact on audit fees. This effect suggests that increased audit risk due to … enhanced incentives for earnings management is reflected in higher audit fees. Second, we find a complementary relation between …

audit fee pricing and audit quality. Our study is the first to analyze this phenomenon empirically for the institutional … results demonstrate that positive abnormal audit fees are negatively associated with audit quality and imply that the audit … fee premium is a significant indicator of compromised auditor independence due to economic auditor-client bonding. Audit …

The purpose of this study is to validate the drivers of voluntary audit in small companies identified in previous …' information to management activities all increase the likelihood of voluntary audit. In contrast, firms that outsource accounting … tasks to an external expert are less likely to opt for voluntary audit, suggesting that an external expert's involvement …

In this paper we provide an extensive comparison between commonly used linear econometric methods in the audit fee … is likely to be present in audit fee data sets. This leads to significantly different results for magnitude and … significance level of most explanatory variables. Additionally, we encourage researchers to use the in the audit fee literature not …