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Title: Factors influencing external audit fees in Malta
Authors: Baldacchino, Peter J.
Attard, Miriam
Cassar, Frank
Keywords: Auditing -- Fees
Accounting firms -- Malta
Auditing -- Malta
Issue Date: 2014
Publisher: University of Malta. Islands and Small States Institute
Citation: Baldacchino, P. J., Attard, M., & Cassar, F. (2014). Factors influencing external audit fees in Malta. Occasional Papers on Islands and Small States, (2), 1-22.
Abstract: The main objective of this study is to investigate factors influencing the external audit fees in Malta. This includes assessing whether client size, complexity and risk, also known as the ―traditional‖ determinants, are applicable in the case of Malta, as well as testing the issue of premium pricing amongst the Big 4 audit firms. Of particular interest is the determination of specific factors relevant to such a market. A GLM regression model is used to examine the effect of the independent factors on the amount of audit fees for a sample of audit engagements performed in the Maltese audit market. The model is further complemented by a series of semi-structured interviews with audit partners from various audit firms of different sizes. Results indicate that the amount of external fees is significantly influenced by audit client size, complexity, risk, ownership control and corporate status. Additionally a fee premium has been found to accrue to the Big 4 audit firms.
ISSN: 10246282
Appears in Collections:Scholarly Works - FacEMAAcc

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