Determinants of Audit Fees: Evidence from an Emerging Economy

Yousef Mohammad Hassan, Kamal Naser

Abstract


This study sets out to examine factors influencing audit fees paid by non-financial companies listed on Abu
Dhabi Stock Exchange (ADX). Data were collected from the 2011 annual and corporate governance reports
published by the Emirati non-financial companies listed on ADX. Backward regression analysis is employed to
assess the association between audit fees and certain company’s attributes. The findings show a direct
relationship between audit fees and each of corporate size, business complexity and audit report lag variables. An
inverse relationship has been detected between audit fees and each of industry type and audit committee
independence. The findings also revealed that audit fees are not significantly influenced by company’s
profitability, risk, and status of audit firm

Full Text: PDF DOI: 10.5539/ibr.v6n8p13

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This work is licensed under a Creative Commons Attribution 3.0 License.

International Business Research  ISSN 1913-9004 (Print), ISSN 1913-9012 (Online)

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