Female audit committee members and their influence on audit fees

Aldamen, Husam; Hollindale, Janice; Ziegelmayer, Jennifer L.

doi:10.1111/acfi.12248

Cited by 95 publications

(185 citation statements)

References 84 publications

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“…Carcello et al, 2002;Abbott et al, 2003;Knechel and Willekens, 2006;Bliss, 2011;Aldamen et al, 2016). This is also in line with most other studies that examine the amount of audit effort/assurance demanded (e.g.…”

Section: Modelsupporting

confidence: 89%

The influence of the CEO's value perception towards auditing on audit demand in private firms

Corten

Steijvers

Lybaert

2017

Accounting & Finance

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Audit demand is generally considered to be a direct reflection of the level of agency conflicts. This study examines the CEO's value perception towards auditing as additional driver for both auditor reputation demand (appointing a Big 4 auditor or not) and audit effort demand in private firms. Examining the CEO's value perception in a multidimensional way, the regression results indicate that the CEO's functional value perception towards auditing positively affects the demand for audit effort, while the CEO's social value perception towards auditing negatively affects the demand for audit effort but positively affects the demand for auditor reputation.

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Section: Modelsupporting

confidence: 89%

The influence of the CEO's value perception towards auditing on audit demand in private firms

Corten

Steijvers

Lybaert

2017

Accounting & Finance

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“…(), who report that gender‐diverse boards appoint industry‐specialist auditors and demand higher audit effort, resulting in higher audit fees. Their doing so might be due to women's greater concern for high‐quality audit information, risk oversight, and control mechanisms (Aldamen, Hollindale, & Ziegelmayer, ). In line with these studies, female independent directors may demand higher audit effort to ensure the quality of financial information and to protect their personal and organizational reputation.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Gender‐diverse boards and audit fees: What difference does gender quota legislation make?

Nekhili

Gull

Chtioui

et al. 2019

Business Fin & Account

137

135

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We investigate the effect of board (audit committee) gender diversity on audit fees in the French context. We also examine whether the relationship between the proportion of female directors and audit fees is moderated by the enactment of the gender quota law in 2011. We use the system GMM estimation approach on a matched sample of French firms listed in the SBF 120 index between 2002 and 2017. Consistent with the supply‐side perspective, we contend that female independent directors and female audit committee members, by improving board monitoring effectiveness, affect the auditor's assessment of audit risk, resulting in lower audit fees. Our findings also document that, by breaking the glass ceiling, the effectiveness of the gender quota law lies not in increasing the proportion of female insider directors, but in boosting the appointment of female independent directors and female audit committee members. Using the difference‐in‐difference approach, our results reveal that female independent directors and female audit committee members are more willing to assert their monitoring skills after the quota law, leading to lower audit fees. Moving beyond tokenism, we show that, after the quota law, the negative impact on non‐audit fees is strengthened only for female independent directors.

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“…How ever, if the external auditor is dependent on management, he may publish a 'clean' (unmodified) opinion, thus contradicting the interests of the stakeholders (Aldamen et al, 2016). Based on stakeholder agency theory, stakeholders demand a strict audit of financial reporting and a modified opinion in the presence of material failures by the external auditor.…”

Section: Prior Research On Gender Diversity In the Boardroom And Kamentioning

confidence: 99%

“…Aldamen et al, 2016;Ittonen et al, 2010;Xiang & Chengdu, 2015). Aldamen et al, 2016;Ittonen et al, 2010;Xiang & Chengdu, 2015).…”

Section: Prior Research On Gender Diversity In the Boardroom And Kaunclassified

“…Since no current study reflects possible corporate governance variables as determinants of KAM disclosures, we see a major gap in empirical gender diversity research. Aldamen, Hollindale, & Ziegelmayer, 2016;Ittonen, Miettinen, & Vähämaa, 2010;Xiang & Chengdu, 2015). Ali, Frynas, & Mahmood, 2017;Cucari, DeFalco, & Orlando, 2017;Frias-Aceituno, Rodriguez-Ariza, & Garcia-Sanchez, 2013).…”

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confidence: 99%

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Does gender diversity in the audit committee influence key audit matters' readability in the audit report? UK evidence

Velte

2018

Corp Soc Responsibility Env

113

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This paper investigates the relationship between the percentage of women on audit committees (WOAC) in UK firms and auditors' disclosures on key audit matters (KAM) from 2014 to 2015.The results show that firms with a higher percentage of WOAC have higher readability of KAM disclosures as measured by the Flesch reading ease index. By modifying our dependent and independent variables, sensitivity tests (Blau index and Fog readability index) also corroborate the expectation that WOAC will lead to greater readability of KAM disclosures, with stricter monitoring activities and greater risk avoidance in the audit committee. We provide a useful contribution to recent empirical sustainable corporate governance literature for practices, researchers, and regulators.

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Female audit committee members and their influence on audit fees

Cited by 95 publications

References 84 publications

The influence of the CEO's value perception towards auditing on audit demand in private firms

The influence of the CEO's value perception towards auditing on audit demand in private firms

Gender‐diverse boards and audit fees: What difference does gender quota legislation make?

Does gender diversity in the audit committee influence key audit matters' readability in the audit report? UK evidence

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