Auditors' IT skills reduce fees but compromise quality, new standards aim to restore balance
The study looked at how auditors' IT skills affect audit outcomes in China. Auditors with IT backgrounds can use technology to improve audit efficiency, leading to lower audit fees but potentially lower audit quality. Clients audited by IT-skilled auditors from top firms paid lower fees. New IT-related auditing standards in China have led to higher fees for IT-skilled auditors, but also improved audit quality.