The 1991 amendment to the auditor appointment requirement of Section 86 of the Ontario Municipal Act removes certain barriers to entry into the Ontario municipal audit market. The purpose of this study is to provide evidence that the amendment has enhanced competition in this market. The results...

The 1991 amendment to the auditor appointment requirement of Section 86 of the Ontario Municipal Act removes certain barriers to entry into the Ontario municipal audit market. The purpose of this study is to provide evidence that the amendment has enhanced competition in this market. The results...

In response to a string of highly publicized corporate scandals, the US Congress passed the Sarbanes-Oxley Act (SOX) on July 30, 2002, with the intention to restore investors' confidence in financial and public reporting. This study addresses the question of whether any improvement in earnings...

The objective of this article is to revisit the literature on Big-N audit fee premiums in the municipal setting using a methodology that controls for self-selection bias. Because auditor choices can be predicted based on certain client characteristics, using standard one-stage ordinary least...

This study conducts a local analysis of the relation between market structure and audit fees. The research question of interest to us is how audit fees are determined by each practicing local office, after taking into account the auditor's own position in a local market and the influence exerted...

In June 1991, Section 86 of the Ontario Municipal Act, which governs the appointment of municipal auditors, was amended to require all Ontario municipalities to review the appointment of their auditors periodically. Prior to the amendment, municipalities could remove the incumbent auditors only...