Audit Fees: A Meta-Analysis of the Effect of Supply and Demand Attributes

By D. Hay, W. Robert Knechel, N. Wong. 2006

1,535 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/252fd71546cfb9449efc10c26218a16cd16b4740

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Citations in the corpus

Direct and Indirect Effects of Internal Control Weaknesses on Accrual Quality: Evidence from a Unique Canadian Regulatory Setting (2011, neutral): “Hay et al. (2006) survey the literature and conclude that audit fees are generally affected by firm size, organization complexity, inherent risk, profitability, leverage, internal control quality, industry, and audit quality.”
Corporate Governance, Integrated Reporting and the Use of Credibility-enhancing Mechanisms on Integrated Reports (2019, methodology): “To test H2a and H2b, we use the same set of control variable and we add inherent risk ( RISK ) following prior audit studies (e.g. Hay, Knechel, & Wong, 2006).”
Non-audit Services and Audit Quality: Evidence from Private Firms (2013, background): “…management (see Ashbaugh et al., 2003; Chung and Kallapur, 2003; Larcker and Richardson, 2004; Reynolds et al., 2004; Francis and Ke, 2006; Ruddock et al., 2006; Huang et al., 2007) or (ii) going concern opinions (see Craswell et al., 2002; DeFond et al., 2002; Hay et al., 2006a; Li, 2009).”
Fair Value Measurements and Audit Fees: Evidence from the Banking Industry (2014, background): “Although auditors’ costs and expected losses typically are unobservable, audit fees are highly correlated with proxies for cost drivers: client size, client risk, and client complexity (Hay et al. 2006).”
An empirical test of spatial competition in the audit market (2012, methodology): “Hay et al. (2006) provide an overview and meta-analysis of audit fee research.”
Business Strategy, Financial Reporting Irregularities, and Audit Effort (2013, methodology): “…meta-analysis of audit fee models indicates that business strategy is not included as a determinant of audit fees in any study since 1980.6 Rather, Hay et al. (2006) indicate that audit fee research employs client risk proxies such as receivable and inventory ratios to capture inherent risk…”
Real Effects of the Audit Choice (2016, positive): “Audit fees captures differences in the verification value of an audit (Simunic, 1980; Hay et al., 2006).”