Audit industry specialization : its effects on the pricing of auditee risk / Keith A. Houghton, A. Murray
- Bib ID:
- 2998961
- Format:
- Book
- Author:
- Houghton, Keith A
- Online Version:
- Access electronic version
Broken link? let us search Trove , the Wayback Machine , or Google for you.
- Description:
-
- Parkville, Vic. : University of Melbourne. Dept. of Accounting, 2001
- 34 p. ; 30 cm.
- Series:
-
- Research paper ; 01-03
- Research paper series (University of Melbourne. Dept. of Accounting) ; 01-03.
- Summary:
-
While auditing literature has investigated the main effect of auditor industry specialization on audit fees and planning decisions, the underlying processes explaining differential pricing between specialists and other auditors are largely unexplored. This study seeks to fill a portion of this gap by examining the interaction between auditor industry specialization and auditee risk. Using data derived from a sample of public sector audits, this study examines distinctions in how different auditors price risk. Building upon the differentiation between "premium" and "discount" specialists investigated in Houghton, Dolley, Jubb and Monroe (2000) and possibly found in DeFond, Francis and Wong (2000), the results of this study demonstrate that, in response to increased auditee risk, premium specialists price risk relatively less than other auditors. In contrast, discount specialists increase fees relatively more than other auditors. These results may reflect differences in the skill sets and work processes that underlie specialization for these two specialist sub-groups. The results are also consistent with increased competencies of premium specialist auditors in the audit of risky clients.
- Notes:
-
- "April 2001"
- Bibliography: p. 28-31.
- Subject:
- Auditing
- Other authors/contributors:
- Copyright:
-
In Copyright
You may copy under some circumstances, for example you may copy a portion for research or study. Order a copy through Copies Direct to the extent allowed under fair dealing. Contact us for further information about copying.
Copyright status was determined using the following information:
- Material type:
- Literary Dramatic Musical
- Published status:
- Published
- Publication date:
- 2001
Copyright status may not be correct if data in the record is incomplete or inaccurate. Other access conditions may also apply. For more information please see: Copyright in library collections.
Request this item
Request this item to view in the Library’s reading room.
Feedback
Similar items
- The future of audit : keeping capital markets efficient / Keith Houghton ... [et al.]
- Ethics and auditing / edited by Tom Campbell and Keith A. Houghton
- Brewing and malting in Australasia : being a collection of essays contributed to The Australian brewers' journal / by A.G. Houghton
- A working woman's thoughts on the elections
- A guide to the British cathedrals, by Leighton Houghton