Natural disasters and audit fees

被引：2

作者：

Perry, Yumin Karen Zhang ^{[1
]}

Adrian, Christofer ^{[2
]}

Hu, Fang ^{[3
]}

Truong, Cameron ^{[2
]}

机构：

[1] Amer Univ Sharjah AUS, Dept Accounting, Sch Business Adm, Sharjah, U Arab Emirates

[2] Monash Univ, Dept Accounting, Caulfield, Australia

[3] Griffith Univ, Accounting Econ & Finance, Brisbane, Australia

来源：

ACCOUNTING AND BUSINESS RESEARCH | 2024年 / 54卷 / 01期

关键词：

natural disaster; China; exogenous shock; audit risk; CORPORATE GOVERNANCE; POLITICAL CONNECTIONS; EARNINGS MANAGEMENT; NONAUDIT SERVICES; CLIENT IMPORTANCE; STATE OWNERSHIP; CLIMATE RISK; INDEPENDENCE; COMMITTEE; QUALITY;

D O I：

10.1080/00014788.2023.2181752

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper investigates the impact of natural disasters on the pricing of audit services. Using a staggered difference-in-differences (DiD) design and a sample of 1481 firm-year observations over the period 2014-2019 in China, we find that firms headquartered in areas affected by natural disasters are charged lower fees by auditors. This fee discount is not likely to be driven by a decrease in audit efforts exerted by auditors. We document that the negative relation between natural disasters and audit fees is more pronounced among (i) client firms that are audited by top domestic audit firms, (ii) client firms that are economically and politically important to auditors, and (iii) larger and more complex client firms.

引用

页码：55 / 86

页数：32

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