![](local/cache-vignettes/L300xH470/rubon9-59d38.jpg?1724744805)
-
Journal menu
- General information
- Editorial Board and External Reviewers
- Journal Policies
- Publication Ethics and Malpractice Statement
- Instructions for authors
- Paper reviewing
- Article processing charge
- Feedback from stakeholders
- Journal’s Open Access statement
- Order hard copies of the journal
- 50 most cited papers in the journal
FRANCE’S JOINT-AUDIT REQUIREMENT AND AUDIT FEES: THE INFLUENCE OF OWNERSHIP AND GOVERNANCE
Download This ArticleAbstract
Besides the size of the external auditor, which is a major determinant, audit fees depend also on audit market characteristics, corporate governance and ownership. On the basis of a sample of 130 French listed companies during the 2004–2006 period, we present evidence of a “Big” auditor premium. The results highlight that the presence of a “Big” among auditors has a positive and significant effect of the level of audit fees. This impact is more important in the case of joint audit by two “Big” auditors. The choice of a “Major” auditor also increases the level of audit fees. Finally, we find that governance and ownership characteristics act in different ways on auditor’s selection involving complementarity or substitution with external audit.
Keywords: External Auditor, Big Four, Majors, Audit Fees, Governance, Ownership Structure
How to cite this paper: Nekhili, M., Ayadi, W. M., & Chebbi, D. (2014). France’s joint-audit requirement and audit fees: The influence of ownership and governance. Corporate Ownership & Control, 11(2-4), 388-401. https://doi.org/10.22495/cocv11i2c4p4