City-level auditor industry specialization, economies of scale, and audit pricing

By Simon Yu Kit Fung, Ferdinand A. Gul, J. Krishnan. 2012

229 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/ad60fcf054d83e9d9d02970ef99d84e0cc536b68

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Citations in the corpus

• Auditor Industry Specialization and Evidence of Cost Efficiencies in Homogenous Industries (2015, background): “However, the auditor’s incentive to pass cost savings to the client likely depends on the relative bargaining power of the client firm (Casterella, Francis, Lewis, and Walker 2004; Fung et al. 2012).”
• Is the effect of industry expertise on audit pricing an office-level or a partner-level phenomenon? (2014, unknown): “Following a similar path, early audit pricing studies find that Big N firm fees are higher than those of non-Big N firms and that this fee premium is interpreted as positive returns to the Big N’s investment in brand name reputation for higher audit quality (Francis 1984; Francis and Stokes 1986; Pa”
• Measuring audit quality (2021, unknown): “A stream of literature uses audit fees related proxies to measure the auditor-client relation and auditor’s litigation risk (e.g., Chaney et al. 2004; Dao et al. 2012; Francis et al. 2005; Fung et al. 2012; Gul and Goodwin 2010; Seetharaman et al. 2002).”
• The Validity of Auditor Industry Specialization Measures (2016, background): “Gramling and Stone (2001) indicate that the market shares of auditor firms in industry k should in theory be measured as the total audit fees earned by an auditor firm in industry k, deflated by the total audit fees generated by all clients in industry k.”
• Do Industry-Specialist Auditors Influence Stock Price Crash Risk? (2015, unknown): “34 We note that Fung et al. (2012) construct their sample using AuditAnalytics data during 2000-2007 and obtain a sample of comparable size.”