司法地狱等差异特征:国家级法律风险是否反映在审计收费定价中?

IF 2.8 3区 管理学 Q2 BUSINESS, FINANCE Managerial Auditing Journal Pub Date : 2022-04-12 DOI:10.1108/maj-11-2020-2917
James C. Hansen, S. Murray, S. H. Park, NaRi Shin
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引用次数: 3

摘要

目的本研究旨在探讨美国州级法律风险对审计收费定价的影响。本研究假设,根据被起诉的可能性、分配给审计师的预期损害赔偿规模和能够要求损害赔偿的第三方的广度,审计师更有可能向总部位于法律风险较高的州的客户收取更高的审计费用。本研究假设更高的国家级法律风险导致更高的审计费用。为了验证这一点,本研究对2001年至2018年56,576个公司年度的审计费用进行了普通最小二乘回归,其中包括国家法律风险和其他已知影响审计费用的因素。本研究发现,在三个措施中的两个措施中,州级法律风险与审计费用定价呈正相关。有趣的是,第三个衡量标准,即第三方能够要求损害赔偿的广度,与审计费用呈负相关。原创性/价值据作者所知,本文满足了一种明确的需求,并且是第一个全面检验国家层面的法律风险差异与审计费用之间关系的研究。
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Judicial hellholes and other differential characteristics: is state-level legal risk reflected in audit fee pricing?
Purpose This study aims to examine the effect of state-level legal risk on audit fee pricing in the USA. This study hypothesizes that auditors are more likely to charge higher audit fees to clients headquartered in states with higher legal risk in terms of probability of being sued, expected size of damages allocated to the auditors and breadth of third parties able to claim damages. Design/methodology/approach This study hypothesizes that higher state-level legal risk leads to higher audit fees. To test this, this study estimates ordinary least squares regressions of audit fees for 56,576 company years from 2001 to 2018 with the three measures of state legal risk and other factors known to affect audit fees. Findings This study finds that state-level legal risk is positively associated with audit fee pricing for two of three measures. Interestingly, the third measure, breadth of third parties able to claim damages, is negatively associated with audit fees. Originality/value To the best of the authors’ knowledge, this paper fulfills an identified need and is the first study to comprehensively test the association between state-level differentials in legal risk and audit fees.
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来源期刊
CiteScore
5.40
自引率
13.80%
发文量
45
期刊介绍: The key areas addressed are: ■Audit and Assurance (financial and non-financial) ■Financial and Managerial Reporting ■Governance, controls, risks and ethics ■Organizational issues including firm cultures, performance and development In addition, the evaluation of changes occurring in the auditing profession, as well as the broader fields of accounting and assurance, are also explored. Debates concerning organizational performance and professional competence are also covered.
期刊最新文献
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