Impactul indicatorilor de dimensiune a companiilor asupra onorariului de audit
The Impact of Company Size Indicators on the Audit Fee
Author(s): Ovidiu Constantin Bunget, Cristian LunguSubject(s): Economy, Financial Markets, Accounting - Business Administration
Published by: Camera Auditorilor Financiari din România
Keywords: financial audit; audit fee; company size;
Summary/Abstract: Audit fees are among some of the most important concerns of audit firms, financial/statutory audit regulators and academia. The objective of this paper is to analyze and evaluate the impact of company size indicators on the formation of audit fees. Based on the data available in the “Audit Analytics” database, a sample of 27 companies listed on the Bucharest Stock Exchange was selected, for which 524 observations were reported, representing the indicators “Audit Fee”, “Total Assets” and “Turnover” during 2017-2021. From the research carried out, it emerged that the turnover and total assets size indicators have a significant and positive influence on the financial audit fee. In addition, the findings indicate that “the market capitalization” indicator is not a predictive and causal variable of the value of the financial audit service.
Journal: Audit Financiar
- Issue Year: 21/2023
- Issue No: 3(171)
- Page Range: 477-482
- Page Count: 6
- Language: English, Romanian