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An Investigation on Audit Fee Determinants: BIST 100 Case within Scope of Audit Revenues in Transparency Reports

Year 2022, Volume: 30 Issue: 51, 365 - 388, 31.01.2022
https://doi.org/10.17233/sosyoekonomi.2022.01.18

Abstract

This study aims to reveal the factors affecting independent audit fees on the basis of companies traded in the BIST (Borsa Istanbul) 100. Financial reports of 98 companies and transparency reports of audit firms were analysed in the frame of the auditee and auditor characteristics, and derivative instruments for 2013-2018 time period. When the characteristics of the client firms are evaluated, a significant positive relationship was reported between the size of the firm and the audit fees. On the other hand, the significant effect of the auditor’s opinion and audit tenure on the audit fees become prevalent within the scope of the auditor firms. In addition to these, significant positive relationship was reported between the number of derivative instruments and comprehensive income and audit revenues.

References

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Bağımsız Denetim Ücretlerini Etkileyen Faktörlere Yönelik Bir Araştırma: Şeffaflık Raporlarında Yer Alan Denetim Gelirleri Çerçevesinde BIST 100 Örneği

Year 2022, Volume: 30 Issue: 51, 365 - 388, 31.01.2022
https://doi.org/10.17233/sosyoekonomi.2022.01.18

Abstract

Bu çalışma BIST (Borsa İstanbul) 100’de işlem gören işletmeler bazında bağımsız denetim ücretlerini etkileyen faktörleri ortaya koymayı amaçlamaktadır. 2013-2018 dönemine ait finansal verileri incelenen 98 şirket ve bu şirketleri denetleyen denetim firmalarının şeffaflık raporları kullanılarak bağımsız denetim ücretlerini etkileyebilecek faktörler, denetlenen firmaya ve denetçi firmaya ait özellikler ile türev araç kullanımı çerçevesinde incelenmiştir. Denetlenen işletme özellikleri değerlendirildiğinde firma büyüklüğü ile denetim ücretleri arasında anlamlı pozitif ilişki raporlanmıştır. Denetim firması özellikleri kapsamında ise denetçi görüşü ile denetim firması ile çalışılan sürenin denetim ücretleri üzerinde anlamlı etkisi ön plana çıkmaktadır. Bu sonuçlara ek olarak, türev araç tutarı ve kapsamlı gelir ile denetim gelirleri arasında ise anlamlı pozitif ilişki raporlanmıştır.

References

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  • Adams, M. et al. (1997), “The Determinants of External Audit Costs in the New Zealand Life Insurance Industry”, Journal of International Financial Management and Accounting, 8(1), 69-86.
  • Ahmed, K. & M.K. Goyal (2005), “A Comparative Study of Pricing of Audit Services in Emerging Economies”, International Journal of Auditing, 9(2), 103-116.
  • Ajide, F.M. (2014), “Audit Pricing in Nigerian Banking Industry: A Panel Analysis (2008-2012)”, IOSR Journal of Economics and Finance, 2(6), 26-34.
  • Al-Harshani, M.O. (2008), “The Pricing of Audit Services: Evidence from Kuwait”, Managerial Auditing Journal, 23(7), 685-696.
  • Al-Matarneh, G.F. (2012), “The Pricing of Audit Services: Evidence from Jordan”, International Business Research, 5(3), 114-121.
  • Amba, S.M. & F.K. Al-Hajeri (2013), “Determinants of Audit Fees in Bahrain: An Empirical Study”, Journal of Finance and Accountancy, 13, 1-10.
  • Anderson, T. & D. Zeghal (1994), “The Pricing of Audit Services: Further Evidence from the Canadian Market”, Accounting and Business Research, 24(95), 195-207.
  • Baltagi, B. (2008), Econometric Analysis of Panel Data, 4th Ed., John Wiley & Sons.
  • Barton, J. (2001), “Does the Use of Financial Derivatives Affect Earnings Management Decisions?”, The Accounting Review, 76(1), 1-26.
  • Beasley, M.S. (1996), “An Empirical Analysis of The Relation Between the Board of Director Composition and Financial Statement Fraud”, The Accounting Review, October, 443-465.
  • Bedard, J.C. & K.M. Johnstone (2010), “Audit Partner Tenure and Audit Planning and Pricing”, Auditing: A Journal of Practice & Theory, 29(2), 45-70.
  • Bell, T.B. et al. (2001), “Auditors’ Perceived Business Risk and Audit Fees: Analysis and Evidence”, Journal of Accounting Research, 39(1), 35-43.
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  • Brinn, T. & et al. (1994), “Audit Fee Determinants of Independent & Subsidiary Unquoted Companies in the UK - An Exploratory Study”, The British Accounting Review, 26(2), 101-121.
  • Cameran, M. (2005), “Audit Fees and the Large Auditor Premium in the Italian Market”, International Journal Of Auditing, 9(2), 129-146.
  • Caneghem, T.V. (2010), “Audit Pricing and the Big4 Fee Premium: Evidence from Belgium”, Managerial Auditing Journal, 25(2), 122-139.
  • Castro, W.B.L. et al. (2015), “Determinants of Audit Fees: A Study in the Companies Listed on the BM&FBOVESPA, Brazil”, Revista Contabilidade & Finanças, 26(69), 261-273.
  • Chambers, D. et al. (2007), “An Evaluation of SFAS No. 130 Comprehensive Income Disclosures”, Review of Accounting Studies, 12(4), 557-593.
  • Chan, P. et al. (1993), “Determinants of Audit Fees for Quoted UK Companies”, Journal of Business Finance and Accounting, 20(6), 765-786.
  • Che-Ahmad, A. & K.A. Houghton (1996), “Audit Fee Premiums of Big Eight Firms: Evidence from the Market for Medium-Size UK Auditees”, Journal of International Accounting, Auditing and Taxation, 5(1), 53-72.
  • Chung, S. & R. Narasımhan (2002), “An International Study of Cross‐Sectional Variations In Audit Fees”, International Journal of Auditing, 6(1), 79-91.
  • Clatworthy, M.A. & M.J Peel (2006), “The Effect of Corporate Status on External Audit Fees: Evidence from the UK”, Journal of Business Finance and Accounting, 1(2), 169-201.
  • Cobbin, P.E. (2002), “International dimensions of the audit fee determinants literature”, International Journal of Auditing, 6(1), 53-77.
  • DeAngelo, L.E. (1981), “Auditor Size and Audit Quality”, Journal of Accounting and Economics, 3(3), 183-199.
  • Dechow, P.M. et al. (1995), “Detecting Earnings Management”, Accounting Review, 70(2), 193-225.
  • Defond, M. & J. Zhang (2014), “A Review of Archival Auditing Research”, Journal of Accounting and Economics, 58(2-3), 275-326.
  • Dopuch, N. & D. Simunic (1980), “The Nature of Competition in the Auditing Profession: A Descriptive and Normative View”, Regulation and the Accounting Profession, 34(2), 283-289.
  • Dugar, A. et al. (1995), “A Comparative Study of the Audit Services Market for Public Sector versus Private Sector Companies in India”, Advances in International Accounting, 8, 1-13.
  • Erdoğan, S. & B. Solak (2016), “Türkiye’de Şeffaflık Raporları ve Bağımsız Denetim Sektörüne Yönelik Ampirik Bir Çalışma”, Çankırı Karatekin Üniversitesi İİBF Dergisi, 6(2), 175-196.
  • Erdoğan, S. & N. Kutay (2016), “Türkiye’de Bağımsız Denetim Şirketlerinin Karakteristiklerinin Bağımsız Denetim Gelirleri Üzerindeki Etkisi”, Uluslararası Yönetim İktisat ve İşletme Dergisi, 12(27), 105-122.
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There are 105 citations in total.

Details

Primary Language Turkish
Subjects Economics
Journal Section Articles
Authors

Merve Acar 0000-0001-5312-7935

Early Pub Date January 28, 2022
Publication Date January 31, 2022
Submission Date March 13, 2021
Published in Issue Year 2022 Volume: 30 Issue: 51

Cite

APA Acar, M. (2022). Bağımsız Denetim Ücretlerini Etkileyen Faktörlere Yönelik Bir Araştırma: Şeffaflık Raporlarında Yer Alan Denetim Gelirleri Çerçevesinde BIST 100 Örneği. Sosyoekonomi, 30(51), 365-388. https://doi.org/10.17233/sosyoekonomi.2022.01.18
AMA Acar M. Bağımsız Denetim Ücretlerini Etkileyen Faktörlere Yönelik Bir Araştırma: Şeffaflık Raporlarında Yer Alan Denetim Gelirleri Çerçevesinde BIST 100 Örneği. Sosyoekonomi. January 2022;30(51):365-388. doi:10.17233/sosyoekonomi.2022.01.18
Chicago Acar, Merve. “Bağımsız Denetim Ücretlerini Etkileyen Faktörlere Yönelik Bir Araştırma: Şeffaflık Raporlarında Yer Alan Denetim Gelirleri Çerçevesinde BIST 100 Örneği”. Sosyoekonomi 30, no. 51 (January 2022): 365-88. https://doi.org/10.17233/sosyoekonomi.2022.01.18.
EndNote Acar M (January 1, 2022) Bağımsız Denetim Ücretlerini Etkileyen Faktörlere Yönelik Bir Araştırma: Şeffaflık Raporlarında Yer Alan Denetim Gelirleri Çerçevesinde BIST 100 Örneği. Sosyoekonomi 30 51 365–388.
IEEE M. Acar, “Bağımsız Denetim Ücretlerini Etkileyen Faktörlere Yönelik Bir Araştırma: Şeffaflık Raporlarında Yer Alan Denetim Gelirleri Çerçevesinde BIST 100 Örneği”, Sosyoekonomi, vol. 30, no. 51, pp. 365–388, 2022, doi: 10.17233/sosyoekonomi.2022.01.18.
ISNAD Acar, Merve. “Bağımsız Denetim Ücretlerini Etkileyen Faktörlere Yönelik Bir Araştırma: Şeffaflık Raporlarında Yer Alan Denetim Gelirleri Çerçevesinde BIST 100 Örneği”. Sosyoekonomi 30/51 (January 2022), 365-388. https://doi.org/10.17233/sosyoekonomi.2022.01.18.
JAMA Acar M. Bağımsız Denetim Ücretlerini Etkileyen Faktörlere Yönelik Bir Araştırma: Şeffaflık Raporlarında Yer Alan Denetim Gelirleri Çerçevesinde BIST 100 Örneği. Sosyoekonomi. 2022;30:365–388.
MLA Acar, Merve. “Bağımsız Denetim Ücretlerini Etkileyen Faktörlere Yönelik Bir Araştırma: Şeffaflık Raporlarında Yer Alan Denetim Gelirleri Çerçevesinde BIST 100 Örneği”. Sosyoekonomi, vol. 30, no. 51, 2022, pp. 365-88, doi:10.17233/sosyoekonomi.2022.01.18.
Vancouver Acar M. Bağımsız Denetim Ücretlerini Etkileyen Faktörlere Yönelik Bir Araştırma: Şeffaflık Raporlarında Yer Alan Denetim Gelirleri Çerçevesinde BIST 100 Örneği. Sosyoekonomi. 2022;30(51):365-88.