rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    non sort: A
    title: public sector analysis of audit pricing, audit compliance, and audit contract type
  name:
    name part: Thorne, Jerry.
    role:
      role term: creator
  type of resource: text
  genre: bibliography
  origin info:
    place:
      place term: xx
    date issued: 1998
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: print
    extent: x, 76 leaves ; 28 cm.
  abstract: The objective of this study is to extend the audit economics research by (1) examining potential determinants (audit report compliance, auditor expertise, auditor tenure, and audit contract type) of audit fees, and (2) examining potential determinants (prior year audit fee, client risk, auditor expertise, and auditor tenure) of the probability of negotiating a particular contract type (fixed fee or cost-reimbursement). Two separate analyses were conducted using North Carolina county and city data. First, an OLS regression model was used to examine the potential determinants of audit fees. Second, a legit regression model was used to examine factors that may influence the probability of negotiating a particular contract type. The fee analysis found that audit fees negotiated under fixed fee contracts are lower than fees negotiated for cost- reimbursement contracts. This finding is consistent with explanations in the Palmrose (1989) private sector study that fixed fee contracts may provide greater efficiency incentives for the auditor to minimize the total cost of the audit. In addition, findings from the audit fee analysis suggest that auditors with both greater expertise in the governmental sector and longer tenure on a particular audit command a fee premium. Further investigation of the factors associated with fixed fee or cost- reimbursement contracts suggests that the probability of negotiating a fixed fee contract is increased for (1) auditors who have greater expertise in the governmental sector, and (2) clients who paid lower prior year audit fees and/or displayed higher overall risk. These findings have implications for audit policy decisions. In fact, North Carolina county and city governments may be able to reduce the cost of their independent audits by using fixed fee audit contracts. Since auditors with greater expertise are associated with the increased probability of negotiating a fixed fee contract, there should be an added incentive to employ auditors…
  note: by Jerry Thorne.
  note: Vita.
  note: Issued also on microfiche from University Microfilm Inc.
  note: Ph. D. Texas A&M University 1998.
  note: Includes bibliographical references: pages 71-75.
  subject:
    topic: Major accounting
  identifier: 99-03212 UMI
  identifier: http://proxy.library.tamu.edu/login
  related item:
    location:
      url: http://proxy.library.tamu.edu/login
  record info:
    record content source: TXA
    record creation date: 990331
    record change date: 20190325093417.0
    record identifier: in00001463168