Prüfungshonorare in Deutschland – Determinanten und Implikationen

Köhler, Annette G.; Marten, Kai-Uwe; Ratzinger, Nicole V. S.; Wagner, Marco

doi:10.1007/s11573-009-0330-1

Cited by 28 publications

(22 citation statements)

References 12 publications

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“…As switches of a company's audit firm are likely to result in lower audit quality due to losses in client-specific knowledge (Chen, Lin, & Lin, 2008;Tanyi, Raghunandan, & Barua, 2010), as well as in reductions in the amount of audit fees paid (Deis & Giroux, 1996;Köhler, Marten, Ratzinger, & Wagner, 2010;Köhler & Ratzinger-Sakel, 2012), both models control for whether the incumbent auditor has audited the financial statements of the respective company in the previous year or not (Switch). Furthermore, both models control for whether the company is audited by a Big 4 audit firm or not (Big4), as many previous studies have demonstrated that Big 4 audit firms are likely to provide higher audit quality (e.g., Lin & Hwang, 2010) and to charge higher audit fees (e.g., Campa, 2013).…”

Section: Characteristics Related To the Audit Engagementmentioning

confidence: 99%

The Time Dependence of Audit Firm Alumni Effects: Evidence from Audit Committees

Baumann

Ratzinger‐Sakel

2020

Int J Auditing

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This article empirically examines the time dependence of audit quality and audit fee effects resulting from the presence of audit firm alumni (AFA) on audit committees (ACs) in the German setting. Following the European Union's audit reform in 2014, the subject of this study is of particular importance, as European regulators have strengthened the position of ACs, while simultaneously restricting the presence of AFA on ACs. We find that the presence of AFA who have recently left their former employer on ACs is associated with higher audit quality, while we fail to find a significant effect on audit quality with regard to AFA who have left audit firms a longer period of time ago. In addition, the presence of AFA on ACs does not seem to affect audit fees. To the best of our knowledge, this study is the first to demonstrate time-dependent AFA effects related to ACs.

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Section: Characteristics Related To the Audit Engagementmentioning

confidence: 99%

The Time Dependence of Audit Firm Alumni Effects: Evidence from Audit Committees

Baumann

Ratzinger‐Sakel

2020

Int J Auditing

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“…Besides a slight increase for the concentration ratio over time can be determined. Koehler et al (2010), Sattler (2011) and Quick and Sattler (2011) Since the first measurements, an overview manifests a high provider concentration on the German audit market and increasing development over the period of time as a permanent phenomenon, even for the last examined year 2007. On the German audit market, the supplier concentration can be classified as an oligopoly of the Big Four, where in certain industries or market segments even monopoly resp.…”

Section: Germanymentioning

confidence: 99%

Audit Market Concentration and Its Influence on Audit Quality

Velte¹,

Stiglbauer²

2012

IBR

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This paper focuses on audit market concentration of listed firms which is characterized by an oligopoly of "Big Four" audit firms. Hence a state of the art analysis of the status quo of concentration measurement has been conducted on the audit market from an international perspective. Thereby risks and causes of concentration development have been assessed along with the current regulatory proposals of the European Commission (EC). After a discussion of conventional measurement methods of audit market concentration, our paper gives a review of previous empirical results of audit market concentration for EU and non EU-member states. Results show that EC reforms cannot clearly be related to increase audit quality but increasing transaction costs.

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“…For instance, in one of the first German empirical studies, Bigus and Zimmermann ) find insignificant results for initial audit fee discounts, whereas Köhler et al . () provide evidence supporting fee‐cutting practices by German audit firms. Further, Wild () provides mixed results for low‐balling discounts in Germany.…”

Section: Introductionmentioning

confidence: 85%

Effects of Initial Audit Fee Discounts on Audit Quality: Evidence from Germany

2013

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We examine the presence and magnitude of initial audit engagement fee cutting and its potential effect on audit quality in Germany using a sample of 992 firm‐year observations from 2005 through 2011. Our results show systematic fee cutting for initial audit engagement years in Germany. Despite significant audit fee differences between initial and subsequent audit engagement years, we do not find differences in audit quality. Overall, our findings support prior empirical studies, suggesting that low‐balling is merely a natural response of auditors to competitive audit market conditions and does not necessarily impair auditor independence. In the wake of the on‐going discussion in the European Union regarding the control of appointment, remuneration, and duration of audit engagements to curb threats to auditor independence, our findings do not support the implementation of audit market price controls through governmental regulators.

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Prüfungshonorare in Deutschland – Determinanten und Implikationen

Cited by 28 publications

References 12 publications

The Time Dependence of Audit Firm Alumni Effects: Evidence from Audit Committees

The Time Dependence of Audit Firm Alumni Effects: Evidence from Audit Committees

Audit Market Concentration and Its Influence on Audit Quality

Effects of Initial Audit Fee Discounts on Audit Quality: Evidence from Germany

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