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M. Maher (1985)
Pricing of audit services : additional evidence
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The Pricing Of Audit Services - Theory And EvidenceJournal of Accounting Research, 18
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Competition Comes to Accounting,
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CPA Firms Diversify, Cut Fees, Steal Clients in Battle for Business,
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The Auditors
Abstract. The pricing of audit services is a complex function of many variables. Prior research in this area has proposed various approaches and models to identify some of these factors. This paper includes a description of one such model. Studies based on this model, or modifications of it, have been performed in the U.S., Australia, New Zealand, and the U.K. This paper reports the findings of a similar study conducted in Canada. The analysis indicates that an approximately linear relationship exists between audit fee and a company's total assets or sales. In addition, the number of subsidiaries and the level of inventory are statistically significant determinants of audit fee in the Canadian setting. The extent of foreign assets was also a significant determinant of audit fee for large companies, while the amount of receivables was found to be a significant determinant of audit fee for small companies. The findings are compared with those reported previously for different countries and the result of a test for price competition in the Canadian audit market is also discussed. Résumé. L'établissement du prix des services de vérification est une fonction complexe faisant intervenir de nombreuses variables. Les travaux de recherche précédents dans ce domaine ont débouché sur diverses méthodes et divers modèles destinés à cerner certains de ces facteurs. Les auteurs s'en tiennent à l'un de ces modèles qu'ils prennent soin de décrire. Des études fondées sur ce modèle, ou sur une version adaptée du modèle, ont été effectuées aux États‐Unis, en Australie, en Nouvelle‐Zélande et au Royaume‐Uni. Les auteurs font état des résultats d'une étude semblable menée au Canada. L'analyse révèle qu'une relation à peu près linéaire existe entre les honoraires de vérification et l'actif total ou le chiffre d'affaires d'une société. De plus, le nombre de filiales et le niveau des stocks sont des déterminants statistiquement significatifs des honoraires de vérification dans le contexte canadien. L'importance de l'actif à l'étranger est également un déterminant significatif des honoraires de vérification pour les grandes entreprises, tandis que le montant des comptes clients est un déterminant significatif des hororaires de vérification pour les petites entreprises. Les auteurs comparent ces résultats aux résultats précédemment obtenus pour différents pays et traitent du résultat d'un contrôle relatif à la concurrence sur les prix dans le marché canadien de la vérification.
Contemporary Accounting Research – Wiley
Published: Sep 1, 1988
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