The Association between Excess Audit Fees and Audit Quality: A US-UK Comparison

• Main Authors: HAN, Soongsoo (Sam), Kang, Tony, Yoo, Yong Keun
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2008
• Subjects: Business Law, Public Responsibility, and Ethics; Corporate Finance; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/soa_research_smu/6; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1005&context=soa_research_smu
• Institution: Singapore Management University

Prior studies that examine the association between excess audit fees and audit quality (measured by discretionary accruals) using US data fail to document a significant association. However, there is no convincing explanation for this result to date. In this study, we test a cancellation hypothesis,...