An Empirical Investigation of the Market for Audit Services in the Public Sector
The structure of audit fees paid by 100 North Carolina county governments over the period 1980-1984 is investigated. The differences in audit fees are related to differences in the financial and political characteristics of the county governments. The structure of the audit fees in the years surroun...
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| Veröffentlicht in: | Journal of accounting research 1987-10, Vol.25 (2), p.293-305 |
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| container_title | Journal of accounting research |
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| creator | Baber, William R. Brooks, Eugene H. Ricks, William E. |
| description | The structure of audit fees paid by 100 North Carolina county governments over the period 1980-1984 is investigated. The differences in audit fees are related to differences in the financial and political characteristics of the county governments. The structure of the audit fees in the years surrounding a change in auditor are examined. A cross-sectional analysis of the counties' mean audit fees indicates statistically significant associations between audit fees and political factors (party membership and commissioner turnover) and between audit fees and outstanding debt. The financial variables considered jointly are not significant. A cross-sectional, time-series analysis of audit fee changes reveals that audit fees for initial engagements that follow an auditor switch are less than fees for engagements that do not follow an auditor switch. The results show a mean reduction of about 20% for initial engagements versus the normal 7.5% increase in audit fees. |
| doi_str_mv | 10.2307/2491019 |
| format | Article |
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The differences in audit fees are related to differences in the financial and political characteristics of the county governments. The structure of the audit fees in the years surrounding a change in auditor are examined. A cross-sectional analysis of the counties' mean audit fees indicates statistically significant associations between audit fees and political factors (party membership and commissioner turnover) and between audit fees and outstanding debt. The financial variables considered jointly are not significant. A cross-sectional, time-series analysis of audit fee changes reveals that audit fees for initial engagements that follow an auditor switch are less than fees for engagements that do not follow an auditor switch. The results show a mean reduction of about 20% for initial engagements versus the normal 7.5% increase in audit fees.</description><identifier>ISSN: 0021-8456</identifier><identifier>EISSN: 1475-679X</identifier><identifier>DOI: 10.2307/2491019</identifier><identifier>CODEN: JACRBR</identifier><language>eng</language><publisher>Chicago, Ill: The Institute of Professional Accounting, Graduate School of Business, University of Chicago</publisher><subject>Accounting procedures ; Audit engagements ; Audit fees ; Auditing ; Auditing procedures ; Auditors ; Audits ; Censuses ; County governments ; Cross section ; Fees ; Fees & charges ; Financial audits ; Internal audits ; Local government ; Political ; Public enterprises ; Public sector ; Research Reports ; State government ; State laws ; Studies ; Time series ; Variables</subject><ispartof>Journal of accounting research, 1987-10, Vol.25 (2), p.293-305</ispartof><rights>Copyright 1987 Institute of Professional Accounting</rights><rights>Copyright Institute of Professional Accounting Autumn 1987</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c270t-269ee2cd75d9bd34198a1680cfea5393ecc02ef3ef5fac943de14f0ac8b0e1203</citedby></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/2491019$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/2491019$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,776,780,799,27846,27901,27902,57992,58225</link.rule.ids></links><search><creatorcontrib>Baber, William R.</creatorcontrib><creatorcontrib>Brooks, Eugene H.</creatorcontrib><creatorcontrib>Ricks, William E.</creatorcontrib><title>An Empirical Investigation of the Market for Audit Services in the Public Sector</title><title>Journal of accounting research</title><description>The structure of audit fees paid by 100 North Carolina county governments over the period 1980-1984 is investigated. The differences in audit fees are related to differences in the financial and political characteristics of the county governments. The structure of the audit fees in the years surrounding a change in auditor are examined. A cross-sectional analysis of the counties' mean audit fees indicates statistically significant associations between audit fees and political factors (party membership and commissioner turnover) and between audit fees and outstanding debt. The financial variables considered jointly are not significant. A cross-sectional, time-series analysis of audit fee changes reveals that audit fees for initial engagements that follow an auditor switch are less than fees for engagements that do not follow an auditor switch. The results show a mean reduction of about 20% for initial engagements versus the normal 7.5% increase in audit fees.</description><subject>Accounting procedures</subject><subject>Audit engagements</subject><subject>Audit fees</subject><subject>Auditing</subject><subject>Auditing procedures</subject><subject>Auditors</subject><subject>Audits</subject><subject>Censuses</subject><subject>County governments</subject><subject>Cross section</subject><subject>Fees</subject><subject>Fees & charges</subject><subject>Financial audits</subject><subject>Internal audits</subject><subject>Local government</subject><subject>Political</subject><subject>Public enterprises</subject><subject>Public sector</subject><subject>Research Reports</subject><subject>State government</subject><subject>State laws</subject><subject>Studies</subject><subject>Time series</subject><subject>Variables</subject><issn>0021-8456</issn><issn>1475-679X</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1987</creationdate><recordtype>article</recordtype><sourceid>K30</sourceid><recordid>eNp10E1LAzEQBuAgCtYq_oWgoqfVycdummMp9QMqFlTwtqTZiaZud2uyK_jvjdaT0NPA8DDz8hJyzOCSC1BXXGoGTO-QAZMqzwqlX3bJAICzbCTzYp8cxLgEAJ0LNiDzcUOnq7UP3pqa3jWfGDv_ajrfNrR1tHtDem_CO3bUtYGO-8p39BHDp7cYqW9-wbxf1N6mte3acEj2nKkjHv3NIXm-nj5NbrPZw83dZDzLLFfQZbzQiNxWKq_0ohKS6ZFhxQisQ5MLLdBa4OgEutwZq6WokEkHxo4WgIyDGJLzzd11aD_6lLpc-Wixrk2DbR9LoUAxlcsET_7BZduHJmUrORSKp9ciodNtiMnECiZ_1cVG2dDGGNCV6-BXJnyVDMqf8su_8pM828hlTJ1sZd9AkX_P</recordid><startdate>19871001</startdate><enddate>19871001</enddate><creator>Baber, William R.</creator><creator>Brooks, Eugene H.</creator><creator>Ricks, William E.</creator><general>The Institute of Professional Accounting, Graduate School of Business, University of Chicago</general><general>Institute of Professional Accounting, Graduate School of Business, University of Chicago</general><general>Blackwell Publishing Ltd</general><scope>AAYXX</scope><scope>CITATION</scope><scope>K30</scope><scope>PAAUG</scope><scope>PAWHS</scope><scope>PAWZZ</scope><scope>PAXOH</scope><scope>PBHAV</scope><scope>PBQSW</scope><scope>PBYQZ</scope><scope>PCIWU</scope><scope>PCMID</scope><scope>PCZJX</scope><scope>PDGRG</scope><scope>PDWWI</scope><scope>PETMR</scope><scope>PFVGT</scope><scope>PGXDX</scope><scope>PIHIL</scope><scope>PISVA</scope><scope>PJCTQ</scope><scope>PJTMS</scope><scope>PLCHJ</scope><scope>PMHAD</scope><scope>PNQDJ</scope><scope>POUND</scope><scope>PPLAD</scope><scope>PQAPC</scope><scope>PQCAN</scope><scope>PQCMW</scope><scope>PQEME</scope><scope>PQHKH</scope><scope>PQMID</scope><scope>PQNCT</scope><scope>PQNET</scope><scope>PQSCT</scope><scope>PQSET</scope><scope>PSVJG</scope><scope>PVMQY</scope><scope>PZGFC</scope><scope>SFNNT</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>19871001</creationdate><title>An Empirical Investigation of the Market for Audit Services in the Public Sector</title><author>Baber, William R. ; Brooks, Eugene H. ; Ricks, William E.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c270t-269ee2cd75d9bd34198a1680cfea5393ecc02ef3ef5fac943de14f0ac8b0e1203</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1987</creationdate><topic>Accounting procedures</topic><topic>Audit engagements</topic><topic>Audit fees</topic><topic>Auditing</topic><topic>Auditing procedures</topic><topic>Auditors</topic><topic>Audits</topic><topic>Censuses</topic><topic>County governments</topic><topic>Cross section</topic><topic>Fees</topic><topic>Fees & charges</topic><topic>Financial audits</topic><topic>Internal audits</topic><topic>Local government</topic><topic>Political</topic><topic>Public enterprises</topic><topic>Public sector</topic><topic>Research Reports</topic><topic>State government</topic><topic>State laws</topic><topic>Studies</topic><topic>Time series</topic><topic>Variables</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Baber, William R.</creatorcontrib><creatorcontrib>Brooks, Eugene H.</creatorcontrib><creatorcontrib>Ricks, William E.</creatorcontrib><collection>CrossRef</collection><collection>Periodicals Index Online</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - 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The differences in audit fees are related to differences in the financial and political characteristics of the county governments. The structure of the audit fees in the years surrounding a change in auditor are examined. A cross-sectional analysis of the counties' mean audit fees indicates statistically significant associations between audit fees and political factors (party membership and commissioner turnover) and between audit fees and outstanding debt. The financial variables considered jointly are not significant. A cross-sectional, time-series analysis of audit fee changes reveals that audit fees for initial engagements that follow an auditor switch are less than fees for engagements that do not follow an auditor switch. 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| ispartof | Journal of accounting research, 1987-10, Vol.25 (2), p.293-305 |
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| language | eng |
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| source | Jstor Complete Legacy; Periodicals Index Online |
| subjects | Accounting procedures Audit engagements Audit fees Auditing Auditing procedures Auditors Audits Censuses County governments Cross section Fees Fees & charges Financial audits Internal audits Local government Political Public enterprises Public sector Research Reports State government State laws Studies Time series Variables |
| title | An Empirical Investigation of the Market for Audit Services in the Public Sector |
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