Audit fees and audit adjustments: evidence from Welsh local authorities

被引：2

作者：

Baylis, Richard M. ^{[1
]}

Greenwood, Margaret J. ^{[2
]}

机构：

[1] Cardiff Business Sch, Accounting, Cardiff, S Glam, Wales

[2] Univ Bath, Sch Management, Accounting, Bath BA2 7AY, Avon, England

来源：

PUBLIC MONEY & MANAGEMENT | 2016年 / 36卷 / 05期

关键词：

Audit adjustments; audit fees; financial reporting; local government; Wales; IFRS ADOPTION; ERRORS; INHERENT; IMPACT; RISK;

D O I：

10.1080/09540962.2016.1194083

中图分类号：

C93 [管理学]; D035 [国家行政管理]; D523 [行政管理]; D63 [国家行政管理];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ; 1204 ; 120401 ;

摘要：

This paper exploits the availability of pre-audit financial statements to investigate the scale and incidence of audit adjustments and their impact on audit fees in Welsh local authorities. Adjustments to the politically-sensitive general fund, which represent a significant proportion of all adjustments, are associated with increased audit fees. The authors also found that audit adjustments on average result in more conservative reporting of the surplus/deficit and the balance on the general fund, with the number and value of downward adjustments exceeding those of upward movements.

引用

页码：357 / 364

页数：8

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