Female-Led Audit Committees Boost Audit Quality, Curb Non-Audit Fees
The study looked at how non-audit fees affect the quality of audits, focusing on companies with female directors on audit committees. They found that having female directors on audit committees is linked to lower non-audit fees, which can improve audit quality. Additionally, when auditors specialize in the industry, non-audit fees can actually enhance audit quality. This suggests that regulators should consider the expertise of auditors when setting restrictions on non-audit fees.