The effects of the Sarbanes-Oxley Act of 2002 on audit fees

The effects of the Sarbanes-Oxley Act of 2002 on audit fees

The Sarbanes-Oxley Act of 2002 was intended to improve corporate governance and increase the transparency of financial audits. The legislation also could have significant effects on the public accounting industry. This study finds evidence of higher audit fees across all firms resulting from complia...

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Veröffentlicht in:Journal of business strategies 2008-03, Vol.25 (1), p.31
Hauptverfasser: Cosgrove, Sarah B, Niederjohn, M. Scott
Format: Artikel
Sprache:eng
Schlagworte:
Accounting firms
Audit fees
Auditing standards
Auditors
Audits
Compliance
Corporate governance
Costs
Financial reporting
Impact analysis
Legislation
Professional fees
Public companies
Public Company Accounting Reform & Investor Protection Act 2002-US
Studies
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Zusammenfassung:The Sarbanes-Oxley Act of 2002 was intended to improve corporate governance and increase the transparency of financial audits. The legislation also could have significant effects on the public accounting industry. This study finds evidence of higher audit fees across all firms resulting from compliance with the law. However, after accounting for self-selection of auditors, we do not find evidence that the size of the audit firm affects the magnitude of the audit fee increase. [PUBLICATION ABSTRACT]
ISSN:0887-2058
2162-6901