英文摘要 |
Most companies listed in Taiwan did not disclose audit fees from 2002 to 2008 (selected sample period hereafter) due to conditionality. The resulting data incompleteness limits audit fee research and understanding of audit pricing in Taiwan. However, owing to IDTRS and the forthcoming adoption of IFRS, around 90 percent of listed companies in Taiwan, disclosed audit fees in 2009 and 2010 (complete sample period hereafter) Using the comprehensive data set thus provided, we have conducted several investigations of auditing. First, we find that audit pricing in Taiwan follows patterns very similar to those described in prior literature. Second, a comparison between the selected sample period and the complete sample period shows that the structural change between the two periods is immaterial. This latter finding implies that using audit fee data from the full sample period alleviates concern over potential sample selection bias. Finally, using various proxies for audit quality, abnormal accruals, earnings threshold, and auditors' propensity to issue going concern opinions, we find no evidence to support the claim that abnormal audit fees impair audit quality. |