The impact of auditor brand name on auditor remuneration in a large private client segment

Autor:	Martin W. Schönberger, Nicole V.S. Ratzinger-Sakel
Rok vydání:	2018
Předmět:	050208 finance Brand names business.industry media_common.quotation_subject 05 social sciences Context (language use) Accounting 050201 accounting Audit Pricing strategies 0502 economics and business Value (economics) Remuneration Business National audit General Economics Econometrics and Finance Reputation media_common
Zdroj:	International Journal of Auditing. 22:536-553
ISSN:	1090-6738
DOI:	10.1111/ijau.12138
Popis:	The purpose of this study is to investigate the impact of auditor reputation and nonaudit services on audit pricing in the context of large private audit clients. Focusing on German large private clients, we use a low litigious audit environment that allows us to investigate the role of auditor reputation as proxied by auditor type for three auditor tiers. We find evidence for a Big 4 audit fee premium, suggesting the pronounced role of auditor reputation even in a private client segment. However, this premium is subject to the Big 4 auditor's role in the national audit market. Audit pricing is also affected by nonaudit services, which add value to the audit engagement for the client. Nonaudit fees further incentivize pricing strategies for audits of private audit clients, particularly for Big 4 auditors, which indicates a joint effect of nonaudit fees and auditor type on audit fees.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::b4391e52dd4a0b8636c8c02f282d5785 https://doi.org/10.1111/ijau.12138 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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