2019
DOI: 10.22201/fca.24488410e.2020.2039
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Determinants of Audit Fees for Portugal and Spain

Abstract: <p>This paper intends to analyze the determinants of audit fees in Portugal and Spain at a time when the audit profession has felt increasingly strong pressures on its ethical, independence and quality posture, showing that audit fees behave differently in these two countries. The liberalization of audit services in Portugal, with the elimination in 2005 of the table setting the minimum fees based on the size standards of the audited company, arouses the interest in perceiving the factors that determine … Show more

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Cited by 3 publications
(3 citation statements)
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“…That way, the auditor team deployed to complete the auditing process requires more manpower with a high level of competence. The results obtained are supported by research that has been carried out by Ananda & Triyanto (2019), Januarti & Wiryaningrum (2018), Silva et al (2020), andYusica &Sulistyowati (2020). However, there is an inconsistency in the results, where in the research of Cristansy & Ardiati (2018) and Huri & Syofyan (2019) stated that the complexity of the company does not affect the audit fee.…”
Section: Corporate Complexity Positively Affects Audit Feesmentioning
confidence: 53%
“…That way, the auditor team deployed to complete the auditing process requires more manpower with a high level of competence. The results obtained are supported by research that has been carried out by Ananda & Triyanto (2019), Januarti & Wiryaningrum (2018), Silva et al (2020), andYusica &Sulistyowati (2020). However, there is an inconsistency in the results, where in the research of Cristansy & Ardiati (2018) and Huri & Syofyan (2019) stated that the complexity of the company does not affect the audit fee.…”
Section: Corporate Complexity Positively Affects Audit Feesmentioning
confidence: 53%
“…We controlled for variables in accordance with prior studies (e.g. Xin et al , 2022; Rabarison et al , 2020; Al-Shaer, 2020; Silva et al , 2020). Because the literature indicates that auditor size may affect the level of audit fees (Balsam et al , 2003; Cabal-Garcıa et al , 2019; Cano, 2007), we included a variable, BIG 4, to account for the size of the auditor.…”
Section: Methodsmentioning
confidence: 99%
“…To account for the financial soundness of a company, we included two control variables: leverage (LEV), as measured by the ratio of total liabilities to total equity (Becker et al , 1998; Reynolds and Francis, 2000), and firm age, as measured by the natural logarithm of the year since the establishment of the firm. To control for business complexity, we use number of subsidiaries owned by the firm (Musa et al , 2021; Silva et al , 2020). Finally, we control for assets that require specific audit procedures as measured by the natural logarithm of the inventory and receivables divided by natural logarithm of total assets (Krishna and David, 2001; Ye, 2020; Liu, 2017) and current liquidity as measured by cash and cash equivalents divided by total assets (Krishnan et al , 2015).…”
Section: Methodsmentioning
confidence: 99%