Business, Management and Accounting
4 years ago

Stronger Board Oversight Leads to Lower Audit Fees for Businesses

Australasian Accounting Business and Finance Journal
Directors' Monitoring Role, Ownership Concentration and Audit fees
Rabih Nehme, Amir Michael, Jim Haslam

Paper Summary

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The article examines how the Board of Directors and corporate governance affect audit fees for listed companies. They studied FTSE 350 companies from 2012 to 2015 and found that Board of Directors' characteristics significantly impact audit fees. The Audit Committee's role is influenced by the Board of Directors, and mandatory audit fees are a key factor. This research helps auditors and corporate executives improve their relationships for better auditing practices.