Current year audit opinion and next year audit fees : does family ownership matter ?
Other Title(s)
العلاقة بين رأى مراقب الحسابات للسنة الحالية و تسعير مهمة المراجعة للسنة القادمة : هل تؤثر الملكية العائلية على هذه العلاقة ؟
Author
Badawi, Hibah Allah Abd al-Salam
Source
Scientific Journal for Financial and Commercial Studies and Researches
Issue
Vol. 2, Issue 1، ج. 1 (31 Jan. 2021), pp.643-683, 41 p.
Publisher
Damietta University Faculty of Commerce
Publication Date
2021-01-31
Country of Publication
Egypt
No. of Pages
41
Main Subjects
Financial and Accounting Sciences
Topics
Abstract EN
The paper aims to investigate the association between current year audit opinion and the pricing of the next year audit mission and whether this relationship differs with different nature of ownership (family – non-family) in the Egyptian setting.
Using a sample of 358 firm-year observations from the Egyptian Stock Exchange (EGX hereafter) over the period 2016-2019, ordinary least square (OLS) regression models are estimated to test the research hypotheses and conduct sensitivity and additional analyses.
The author didn't find significant association between current year audit opinion and next year audit fees.
However, if the auditor issues a qualified audit opinion for a family firm, he will ask for a fee premium for the next year audit mission.
Results are robust to alternative measures of next year audit fees and current year audit opinion.
The paper uses the current year audit opinion as an input to the next yearaudit pricing decision.
The paper responds to previous calls to investigate the relationship between audit fees and type of audit opinion and the impact of family ownership on audit fees.
In addition, this study uses three alternative measures of next year audit fees and an alternative measure of current year audit opinion.
Finally, this study adds evidence to the corporate governance literature in developing countries.
American Psychological Association (APA)
Badawi, Hibah Allah Abd al-Salam. 2021. Current year audit opinion and next year audit fees : does family ownership matter ?. Scientific Journal for Financial and Commercial Studies and Researches،Vol. 2, no. 1، ج. 1, pp.643-683.
https://search.emarefa.net/detail/BIM-1464452
Modern Language Association (MLA)
Badawi, Hibah Allah Abd al-Salam. Current year audit opinion and next year audit fees : does family ownership matter ?. Scientific Journal for Financial and Commercial Studies and Researches Vol. 2, no. 1, p. 1 (Jan. 2021), pp.643-683.
https://search.emarefa.net/detail/BIM-1464452
American Medical Association (AMA)
Badawi, Hibah Allah Abd al-Salam. Current year audit opinion and next year audit fees : does family ownership matter ?. Scientific Journal for Financial and Commercial Studies and Researches. 2021. Vol. 2, no. 1، ج. 1, pp.643-683.
https://search.emarefa.net/detail/BIM-1464452
Data Type
Journal Articles
Language
English
Notes
-
Record ID
BIM-1464452