Academic literature on the topic 'Lost audit fees'

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Journal articles on the topic "Lost audit fees"

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Svanberg, Jan, and Peter Öhman. "Lost revenues associated with going concern modified opinions in the Swedish audit market." Journal of Applied Accounting Research 15, no. 2 (2014): 197–214. http://dx.doi.org/10.1108/jaar-11-2012-0077.

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Purpose – The purpose of this paper is to examine the costs to audit firms in terms of lost revenues of losing small clients due to auditor switching or client bankruptcy after issuing first-time going concern modified opinions. Design/methodology/approach – A population of small Swedish companies receiving first-time going concern modified opinions in 2009 was examined to determine the effects two years later compared with a matched sample of financially stressed companies that had not received going concern modified opinions. Findings – The results indicate that both auditor switching and cl
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Amir, Eli, Yanling Guan, and Gilad Livne. "Abnormal Fees and Timely Loss Recognition—A Long-Term Perspective." AUDITING: A Journal of Practice & Theory 38, no. 3 (2018): 1–22. http://dx.doi.org/10.2308/ajpt-52348.

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SUMMARY We examine the relation between timely loss recognition and abnormal audit, non-audit, and total fees over a period of thirteen years. We use positive abnormal audit (non-audit) fees as a measure of abnormal audit effort (economic bond). We report some evidence suggesting audit effort is associated with slower loss recognition in accruals before the Sarbanes-Oxley Act (SOX) became effective. We find stronger evidence that audit effort is associated with slower loss recognition post-SOX when clients raise substantial external funds or when the auditor is not an industry specialist. Usin
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Blokdijk, Hans, Fred Drieenhuizen, Dan A. Simunic, and Michael T. Stein. "An Analysis of Cross-Sectional Differences in Big and Non-Big Public Accounting Firms' Audit Programs." AUDITING: A Journal of Practice & Theory 25, no. 1 (2006): 27–48. http://dx.doi.org/10.2308/aud.2006.25.1.27.

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A significant body of prior research has shown that audits by the Big 5 (now Big 4) public accounting firms are quality differentiated relative to non-Big 5 audits. This result can be derived analytically by assuming that Big 5 and non-Big 5 firms face different loss functions for “audit failures” and is consistent with a variety of empirical evidence from studies of audit fees, auditor changes, and the stock price reaction to audited earnings. However, there is no existing evidence (of which we are aware) concerning the underlying production differences between Big 5 and non-Big 5 audits. As
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Cullen, Grant, Dominic Gasbarro, Gary S. Monroe, Greg Shailer, and Yuyu Zhang. "Bank Audit Fees and Asset Securitization Risks." AUDITING: A Journal of Practice & Theory 37, no. 1 (2017): 21–48. http://dx.doi.org/10.2308/ajpt-51751.

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SUMMARY We examine whether bank auditor effort, proxied by audit fees, is related to asset securitization risks (ASR) and whether the incremental auditor effort attributed to ASR is related to audit quality. Our sample period encompasses the global financial crisis (GFC) and the introduction of FAS No. 166 and FAS No. 167, which were intended to constrain accounting for asset securitizations as sales. Using U.S. bank holding company (BHC) data from 2003 to 2013, we find significantly positive associations between ASR and audit fees for Big N auditors but not for non-Big N auditors. Pre-GFC aud
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Feldmann, Dorothy A., William J. Read, and Mohammad J. Abdolmohammadi. "Financial Restatements, Audit Fees, and the Moderating Effect of CFO Turnover." AUDITING: A Journal of Practice & Theory 28, no. 1 (2009): 205–23. http://dx.doi.org/10.2308/aud.2009.28.1.205.

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SUMMARY: We examine post-restatement audit fees and executive turnover for a sample of firms that restated their 2003 financial statements. We investigate and find evidence that audit fees are higher for restatement firms compared with a matched-pair control group of non-restatement firms. We propose that the higher audit fees reflect a cost of both an increase in perceived audit risk and a loss of organizational legitimacy. Prior literature suggests that changing top management is a response to a legitimacy crisis; thus we expect to find that executive turnover moderates the positive relation
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Yuejun, Tang. "Audit fees, motivation of avoiding loss and opinion shopping." China Finance Review International 1, no. 3 (2011): 241–61. http://dx.doi.org/10.1108/20441391111144103.

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Hay, David C. "Audit Fee Research on Issues Related to Ethics." Current Issues in Auditing 11, no. 2 (2017): A1—A22. http://dx.doi.org/10.2308/ciia-51897.

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SUMMARY Audit fees are related to important ethical issues for auditors. There has been increasing research on audit fees recently, including research on potential ethical risks regarding audit fees, which helps to illuminate some of these professional issues. The International Ethics Standards Board for Accountants (IESBA) is very interested in this area and asked me to prepare a paper reviewing the relevant research. This summary reviews research that became available from 2006 to 2016 on four issues related to audit fees—fee level, dependence, non-audit fees, and firms that have a significa
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Yandari, Aprilya Dwi, and Erina Sudaryati. "HOW DECISION MAKING TO THE AUDIT FEE, AUDIT COMMITTEE ON A AUDIT QUALITY." JURNAL AKUNTANSI UNIVERSITAS JEMBER 15, no. 2 (2018): 45. http://dx.doi.org/10.19184/jauj.v15i2.6873.

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This article writes related the purpose of writing is to measure the extent of audit fees, audit committee on audit quality in a decision making. When to pay a fee should not be done by an auditee, because avoiding the existence of a form of problem to the loss of an auditor independence. Especially for clients who have opinions other than unqualified (WTP). It may also encourage an auditee to pressure the auditor, such as the form of pressure that will replace his or her public accounting firm with another accounting firm. Fee audit and audit committee are very influential in audit quality, w
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Sharma, Divesh S., Paul N. Tanyi, and Barri A. Litt. "Costs of Mandatory Periodic Audit Partner Rotation: Evidence from Audit Fees and Audit Timeliness." AUDITING: A Journal of Practice & Theory 36, no. 1 (2016): 129–49. http://dx.doi.org/10.2308/ajpt-51515.

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SUMMARY The constricted mandatory audit partner rotation rules for U.S. public companies have fueled intense debate among the profession, regulators, and policymakers. This topic remains controversial, but neither side has provided evidence of the consequential benefits and costs of mandatory rotation. While rotation effects on audit quality have been examined, we empirically examine its effects on two audit production costs: audit fees and audit timeliness. We find significantly higher audit fees and significantly longer audit report lags in the period immediately following mandatory audit pa
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Chiu, Tiffany, Feiqi Huang, Yue Liu, and Miklos A. Vasarhelyi. "The impact of non-timely 10-Q filings and audit firm size on audit fees." Managerial Auditing Journal 33, no. 5 (2018): 503–16. http://dx.doi.org/10.1108/maj-10-2017-1673.

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Purpose Prior studies suggest that non-timely 10-Q filings indicate higher potential risks than non-timely 10-K filings. Furthermore, larger audit firms tend to be more risk-averse and conservative about reporting. Inspired by these research streams, this paper aims to investigate the influence of non-timely 10-Q filings on audit fees and the impact of audit firm size on this association. Design/methodology/approach The cross-sectional audit fee regression model used in this study is similar to that used in prior audit fee research (Simunic, 1980; Francis et al., 2005; Hay et al., 2006; Wang e
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Dissertations / Theses on the topic "Lost audit fees"

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Gogani, Roya, and Jonathan Nyrén. "Revisorernas kostnad av att utge en going concern- varning." Thesis, Högskolan i Gävle, Akademin för utbildning och ekonomi, 2013. http://urn.kb.se/resolve?urn=urn:nbn:se:hig:diva-15697.

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De uppgifter som revisorn presenterar i sin revisionsberättelse bör intressenter och företag ha förtroende för. Revisorn ska vara en oberoende länk mellan intressenter och företag. Läsaren förväntar sig finna eventuella ekonomiska problem i årsredovisningen. Detta är dock inte alltid fallet. Det är viktigt att revisorerna kan göra en pålitlig bedömning över företagets möjligheter till fortsatt drift. Beslut om going concern-varning måste grunda sig på oberoende och god kunskap om företagets situation. En felaktig going concern-varning kan orsaka problem och intäktsbortfa
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Book chapters on the topic "Lost audit fees"

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Withall, Keith. "Prologue: What was Silent Cinema?" In Studying Early and Silent Cinema. Liverpool University Press, 2014. http://dx.doi.org/10.3828/liverpool/9781906733704.003.0001.

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This prologue provides an overview of silent cinema. Our sense of cinema as a site of commercial entertainment can be traced back to the Lumière brothers. In December of 1895, they attracted a fee-paying public in Paris to sit and watch flickering images on an illuminated screen. The commercial Pandora's Box they opened was to blossom in a few years into a world cinema industry and, at its peak, the fantastical Hollywood. Yet in the 30 years in which this miraculous construction was accomplished, audiences rarely had to listen to films, only watch them. Hence, the early decades of cinema were characterised by the title ‘silent’. In fact, there was a lot of noise, machinery, audiences, musicians, and commentators. Even so, the absence of the human voice and dialogue make the films seem rather strange when viewed by a modern audience. Nevertheless, while they lack the audio impact of the sound film, the photographic quality of many silents is superb. Not only had the film-makers mastered the main techniques of photography, but as the industry developed they also added a whole range of techniques for editing and movement.
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Conference papers on the topic "Lost audit fees"

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Johnson, Derek, and April Covington. "Methane Leak and Loss Audits of Natural Gas Fueled Compressor." In ASME 2014 Internal Combustion Engine Division Fall Technical Conference. American Society of Mechanical Engineers, 2014. http://dx.doi.org/10.1115/icef2014-5626.

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Natural gas reserves within the United States continue to rise. According to the Energy Information Administration, dry natural gas reserves increased by ten percent from 2010 to 2011, while wet natural gas reserves increased by 38% in 2011. Natural gas consumption also increased from 24.09 trillion cubic feet (TCF) to 24.48 TCF over the same period. As the natural gas supply, demand, and industry continue to grow methane losses across the supply chain will be inevitable. Since methane is a potent greenhouse gas, many studies are currently analyzing the loss of methane from the wells to the en
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Mata, Jose, Zunerge Guevara, Luis Quintero, et al. "Combination of New Acoustic and Electromagnetic Frequency Technologies Detects Leaks Behind Multiple Casings. Case History." In SPE Annual Technical Conference and Exhibition. SPE, 2021. http://dx.doi.org/10.2118/206383-ms.

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Abstract Although leakages in well tubulars have always existed, their occurrence has become very frequent as the number of active wells in mature fields increases. The catastrophic risk of these leaks is an increase in the number of environmental accidents in the oil and gas industry. One of the fundamental causes of leaks is corrosion, which plays a negative role in the productive life of the wells. Generally, these environmental events are associated with surface or near-surface sources. Since multiple casing strings exist within this depth range, the identification of the leak location bec
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Lemm, Thomas C. "DuPont: Safety Management in a Re-Engineered Corporate Culture." In ASME 1996 Citrus Engineering Conference. American Society of Mechanical Engineers, 1996. http://dx.doi.org/10.1115/cec1996-4202.

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Attention to safety and health are of ever-increasing priority to industrial organizations. Good Safety is demanded by stockholders, employees, and the community while increasing injury costs provide additional motivation for safety and health excellence. Safety has always been a strong corporate value of DuPont and a vital part of its culture. As a result, DuPont has become a benchmark in safety and health performance. Since 1990, DuPont has re-engineered itself to meet global competition and address future vision. In the new re-engineered organizational structures, DuPont has also had to re-
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