Audit Partner Tenure, Audit Quality and Audit Fees: Evidence from Jordanian Firms

Abstract

Audit tenure, audit quality and audit fees are important variables that have been studied and searched on the basis of auditing researches. The current study was conducted on a sample of 30 manufacturing companies listed on Amman Stock Exchange (ASE) from 2011 to 2015; the objective of this study is to examine the correlation between audit fees in these companies and the audit partner tenure (TENURE), on the one hand, and the correlation between audit fees (AUDFEES) and the audit quality (AQ) expressed in Big audit firms (BIG4) in the existence of three control variables; company size (COMPSIZE), return on asset (ROA) and board size (BORDSIZE). The findings of the study resulted in the following: audit partner tenure (TENURE) is an independent variable that is important for the explanation of the Jordanian manufacturing companies' audit fees (AUDFEES), and the audit quality (AQ) is an independent variable that is important for the explanation of the Jordanian manufacturing companies' audit fees (AUDFEES).