99
Views
1
CrossRef citations to date
0
Altmetric
Original Articles

An empirical analysis of the external audit fee in the “new” South Africa: The basic model

&
Pages 1-25 | Received 01 Mar 2005, Accepted 01 May 2006, Published online: 03 Jun 2015

References

  • Anderson, T. and Zeghal, D. (1994). The pricing of audit services: Further evidence. Accounting and Business Research, Summer, 195–207.
  • Beattie, V. and Fearnley, S. (1998). Audit market competition: Auditor changes and the impact of tendering. The British Accounting Review, Iss 3:261–275.
  • Carson, E., Farger, N., Simon, D. and Taylor, M. (2004). Audit fees and market segmentation – further evidence how client size matters within the context of audit fee models. International Journal of Auditing, 8(1):79–91.
  • Chan, P., Ezzamel, M. and Gwilliam, D. (1993). Determinants of audit fees for quoted UK companies. Journal of Business Finance and Accounting, 20(6):765–786.
  • Companies Act No. 61 of 1973.
  • Cooper, D. and Schindler, P. (2000). Business Research Methods. New York, United States of America: Mcgraw-Hill Higher Education.
  • Danos, P. and Eischenseher, J. (1982). Audit Industry Dynamics: Factors Affecting Changes in Client-Industry Market Shares. Journal of Accounting Research, 604–616.
  • Dopuch, N and Simunic, D. (1980). The Nature of Competition in the Auditing Profession: A Descriptive and Normative View. In J. Buckley and F. Weston (Eds), Regulation and the Auditing Profession. Belmont, CA: Lifetime Learning Publications.
  • Firth, M. (1985). An Analysis of Audit Fees and their Determinants in New Zealand. Auditing: Journal of Practice and Theory, spring:23–27
  • Gerrard, I., Houghton, K. and Woodliff, D. (1994). Audit fees: the effects of auditee, auditor, and industry differences. Managerial Auditing Journal, 9(11):3–13.
  • Gujarati, N. and Damodar N. (2003). Basic Econometrics, 4th Edition, McGraw Hill.
  • Gul, F., and Tsui, J. (2001). Free Cash Flow, debt monitoring, and audit pricing: further evidence on the role of director equity ownership. Auditing: A Journal of Practice and Theory, (20):72–84.
  • IFAC. (2000). ISA 570, Going Concern – International Federation of Accountants, Issued February, 2000.
  • IFAC. (2003). ISA 315, Understanding the entity and its environment and assessing the risk of material misstatement – International Federation of Accountants, issued December, 2003.
  • Jang, H. and Lin, C. (1993). Audit quality and trading volume reaction: A study of initial public offering of stocks. Journal of Accounting and Public Policy, 12(3):263.
  • Jensen, M.C. (1986). Agency costs of free cash flow, corporate finance and takeovers. American Accounting Review, 76:323–329.
  • Jensen, M.C. and Meckling, W. (1976). A theory of the firm: managerial behaviour, agency costs, and ownership structure. Journal of Financial Economics, 3:305–360.
  • Johnson, E.N., Walker, K.B. and Westergaard, E. (1995). Supplier concentration and pricing of audit services in New Zealand. Auditing: A Journal of Practice and Theory, 14(Fall):74–84.
  • Joshi, P.L., and Al-Bastaki, H. (2000). Determinants of audit fees: Evidence from the companies listed in Bahrain. International Journal of Auditing, 4(2):129–138.
  • Kelly, J. (1998). Paying for that old brand magic, Marketing branding professional services. Financial Times August, 12.
  • Langendijk, H. (1997). The market for audit services in the Netherlands. The European Accounting Review, 62(2):253–264.
  • Lawson, M. (1993). Australia’s Westpac Bank puts its $4.9m audit out to tender. International Accounting Bulletin, 25:699–738.
  • Low, L., Tan, P. and Koh, H. (1990). The determination of audit fees: in the Singapore context. Journal of Business Finance and Accounting, 17:285–295.
  • McGregor’s BFA Database (2002), Available: http://mcgbfa.com.
  • Menon, K. and Williams, D. (1991). Auditor credibility and initial public offerings. The Accounting Review, 66:313–332.
  • Mitchell Williams, S. (2000). Testing the Association Between Gender and Race Diversity on the Boards of Directors of Publicly Listed Companies in South Africa. Intellectual Capital Performance. Available: http://www.measuring-ip.at (Accessed: 2002, June 20).
  • Moizer, P. (1994). Review of recognised supervisory bodies: a report to the Department of Trade and Industry on the audit monitoring process. Department of Trade and Industry, London.,
  • Nair, F. and Frank, G. (1980). The impact of disclosure and measurement practices on international accounting classifications. The Accounting Review, LV(3):426–449.
  • Nikkinen, J. and Sahlstrom, P. (2004). Does Agency Theory Provide a General Framework for Audit Pricing. International Journal of Auditing, 8(3):253–262.
  • PAAB. Manual of information: Guidelines for registered accountants and auditors: Public Accountants and Auditors Board.
  • Palmrose, Z. (1986). Audit fees and auditor size: further evidence. European Accounting Review, 8:91–110.
  • Pong, C.M. and Wittington, G. (1994). The determinants of audit fees: some empirical models. Journal of Business Finance and Accounting, 21(8):1071–1095.
  • Public Accountants and Auditors Act No. 80 of 1991.
  • Recklies, D. (2000). Managing Marketing Branding services selected questions at the example of the accounting and auditing industry. available at: http://www.themanager.org/marketing/branding.htm, (accessed 26 February 2005).
  • Sandra, W. M. H. and Patrick, P. H. N. (1996). The market for audit services in India: An empirical study. Asian Review of Accounting, 4:27–35.
  • Simon, D. (1995). The Market for Audit Services in South Africa. International Journal of Accounting, 30:56 – 365.
  • Simon, D. and Taylor, M. (2002). A Survey of Audit Pricing in Ireland. International Journal of Auditing, 6(1):1–12.
  • Simon, D., Ramanan, R. and Dugar, A. (1996). The market for audit services in India: an empirical examination. International Journal of Accounting Education and Research, Spring:27–35.
  • Simon, D., Teo, S. and Trompeter, G. (1992). A comparative study of the market for audit services in Hong Kong, Malaysia and Singapore. International Journal of Accounting Education and Research, 27:234–240.
  • Simunic, D. (1980). The pricing of audit services: theory and evidence. Journal of Accounting Research, Spring:161–190.
  • Spathis, T. (2003). Audit Qualification, Firm Litigation, and Financial Information: an Empirical Analysis in Greece. International Journal of Auditing, 7(1):71–85
  • Taylor, M. and Baker, R. (1981). An analysis of the external audit fee. Accounting and Business Research, Spring:55–60.
  • Turpin, R. A. (1995). Audit fees – what research tells us. CPA Journal Online: Available: http://cpajournalonline.com.
  • Van Staden, J. (1999). Aspects of the motivation for voluntary disclosures: evidence from the publication of value added statements in an emerging economy. School of Accountancy, College of Business, Massey University, Palmerston North, New Zealand.
  • Waresul, K. and Moizer, P. (1996). Determinants of Audit Fess in Bangladesh. The International Journal of Accounting, 31(4):497–509.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.