The Impact of Audit Committee Characteristics on Audit Fees: Research in BIST
DOI:
https://doi.org/10.5281/zenodo.18135107Schlagworte:
Audit Fee, Audit Committee, Corporate GovernanceAbstract
Concerns about trust, transparency and audit quality emerged globally following major audit scandals in the US, Europe and other regions at the beginning of the 2000s. As a result, reliability of financial information and role of auditing in supporting public revenues, including tax oversight gained increased importance. In response, both international and Turkish authorities began to implement standards and regulations aimed at improving the quality and transparency of independent auditing. Among these, the requirement for companies to establish internal audit committees and publicly disclose audit fees became significant. In Türkiye, Public Oversight Accounting and Auditing Standards Authority (KGK) mandated audit fee disclosures in financial statements starting at the end of 2021 as per a decision published in Official Gazette in 2021. The purpose of this study is to contribute to the literature by investigating how the characteristics of audit committees have an effect on audit fees.
Literaturhinweise
Abbott, L. J., Parker, S., Peters, G. F., and Raghunandan, K. (2003). The Association Between AC Characteristics and Audit Fees. Auditing: A Journal of Practice and Theory, 22, 2, 17–32.
Acar, M. (2021). Bağımsız Denetim Ücretlerini Etkileyen Faktörlere Yönelik Bir Araştırma: Şeffaflık Raporlarında Yer Alan Denetim Gelirleri Çerçevesinde BIST 100 Örneği. Sosyoekonomi, 30, 51, 365- 388. https://doi.org/10.17233/sosyoekonomi.2022.01.18.
Aldamen, H., Hollindale, J. and Ziegelmayer, J.L. (2018). Female AC Members and Their Influence on Audit Fees. Accounting and Finance, 58, 57–89. doi: 10.1111/acfi.12248.
Ali, M.J. Singh, R.K.S. ande Al-Akra, M. (2018). The Impact of AC Effectiveness on Audit Fees and Non-Audit Service Fees: Evidence From Australia, Accounting Research Journal, 31, 2, 174-191. doi:10.1108/ARJ-11-2015-0144.
Alkebse, R.H., Tian, G.L., Usman, M., Siddique, M.A. and Alhebry , A.A. (2021). Gender Diversity in Audit Committees and Audit Fees: Evidence From China, Managerial Auditing Journal, 36, 1, 72-104. doi:10.1108/MAJ-06-2019-2326.
Al-Okaily, J. (2020). The Effect of Family Control on Audit Fees During Financial Crisis. Managerial Auditing Journal, 35(5), 645-665.
Altunal, I., and Altay, Z.C. (2024). Denetim Ücreti Üzerinde Etkili Olan Faktörler: Borsa İstanbul İmalat Sektöründe Bir Araştırma. Hitit Sosyal Bilimler Dergisi, 17, 111-127. https://doi.org/10.17218/hititsbd.1391538.
Arioglu, E. and Kaya A. P. “Busyness And Advising At Borsa Istanbul Firms”, Borsa Istanbul Review, 2015, 15, 2, 126-136.
Averhals, L., Van Caneghem, T. and Willekens, M. (2020). Mandatory Audit Fee Disclosure and Price Competition in The Private Client Segment of The Belgian Audit Market. Journal of International Accounting, Auditing and Taxation, 40, 1-21.
BDS 200, (2020). https://www.Kgk.Gov.Tr/Portalv2Uploads/Files/Duyurular/V2/BDS/BDS%20200(1).Pdf.
Beasley, M. S. (1996). An Empirical Analysis of The Relation Between The Board of Director Composition and Financial Statement Fraud, The Accounting Review, 71, 4, 443-465.
Campa, D. (2013). Big 4 Fee Premium” and Audit Quality: Latest Evidence from UK Listed Companies. Managerial Auditing Journal, 28, 8, 680–707. http://doi.org/10.1108/MAJ-11-2012-0784.
Chan, A, Liu G. and Sun, J., “Independent AC Members’ Board Tenure and Audit Fees”, Accounting and Finance, 2013, 53, 4, 1129-1147.
Çelikay, Ş. D. (2022). Türkiye’deki Bağımsız Denetim Ücretlerine İlişkin İlk Bulgular: BİST-100 Şirketlerinde Bir Araştırma. Sayıştay Dergisi, 33, 125, 227-255. https://doi.org/10.52836/Sayistay.1115921.
Dezoort, F., and Salterio, S. (2001). The Effects of Corporate Governance Experience and Financial Reporting and Audit Knowledge on Audit Committee Members’ Judgements. AUDITING: A Journal of Practice and Theory, 20, 2,31-47.
DKY, (Article 1). Denetim%20Komitesi%20Y%C3%B6netmeli_İ%20(13).Pdf
Drogalas, G., Nerantzidis, M., Mitskinis, D. and Tampakoudis, I. (2021). The Relationship Between Audit Fees and Audit Committee Characteristics: Evidence from The Athens Stock Exchange, International Journal of Disclosure and Governance, 18, 24-41. DOI:10.1057/S41310-020-00088-9
Francis, J. R., and Yu, M. D. (2009). Big 4 Office Size and Audit Quality. The Accounting Review, 84, 5, 1521–1552.
Ghafran, C., and O'sullivan N. (2017). The Impact of AC Expertise on Audit Quality: Evidence From UK Audit Fees, The British Accounting Review, 49,6, 1-16. doi: 10.1016/J.Bar.2017.09.008.
Goodwin-Stewart, J. and Kent, P. (2006). Relation Between External Audit Fees, Audit Committeecharacteristics and Internal Audit. Accounting and Finance, 46, 387–404.
Han, H.J. and Zhou, S.C., (2003). Research on Accountants’ Payments in The Chinese Stock Market: Empirical Analysis of Chinese Listed Companies’ Data. Management World, 2, 15–22.
Hay, D. C., Knechel, W. R. and Wong, N. (2006). Audit Fees: A Meta-Analysis of The Effect of Supply and Demand Attributes. Contemporary Accounting Research, 23, 1, 141–191.
Kennedy, P. (2008), A Guide to Econometrics, John Wiley and Sons.
KGK (2023). https://www.Kgk.Gov.Tr/Portalv2Uploads/Files/Duyurular/V2/Duyuru-04.10.2023.Pdf
Kikhia, H. (2014). Board Characteristics, Audit Committee Characteristics and Audit Fees: Evidence From Jordan. International Business Research, 7,12, 98-110.
Kimeli, E. K. (2016). Determinants of Audit Fees Pricing: Evidence From Nairobi Securities Exchange (NSE). International Journal of Research in Business Studies and Management, 3, 1, 23–35.
Krishnan, G. and Visvanathan, G. (2009). “Do Auditors Price Audit Committee’s Expertise? The Case of Accounting Versus Nonaccounting Financial Experts”. Journal of Accounting, Auditing and Finance, 24, 115-144.
Lai, K.M.Y., Srinidhi, B., Gul, F.A. and Tsui, J.S.L. (2017). Board Gender Diversity, Auditor Fees and Auditor Choice, Contemporary Accounting Research, 34, 3, 1681-1714. doi: 10.1111/1911-3846.12313.
Lifschutz, S., Jacobi, A. and Feldshtein, S. (2010). Corporate Governance Characteristics and External Audit Fees: A Study of Large Public Companies in Israel. International Journal of Business and Management, 5,3, 109-116.
Liu, S. (2017). An Empirical Study: Auditors’ Characteristics and Audit Fee, Open Journal of Accounting, 6, 52-70. doi: 10.4236/Ojacct.2017.62005.
Luh, P. K. (2024). Gender of Firm Leadership, Audit Committee Gender Diversity and Audit Quality Through The Lens of Audit Fee: A Ghanaian Insight. Gender in Management: An International Journal, 39, 3, 388-408.
Madi, H.K., Ishak, Z. and Manaf, N.A.A. (2014). The Impact of AC Characteristics on Corporate Voluntary Disclosure. Procedia -Social and Behavioral Sciences, 164, 486-492. doi: 10.1016/J.Sbspro.2014.11.106.
Malik, M. (2014). Audit Committee Composition and Effectiveness: A Review of Post SOX Literature. Journal of Management Control, 25, 2, 81-117.
Qasim, A., Muqattash, R. and Barghouthi, I.S.A. (2019). Examining The Relationship Between AC Effectiveness and Audit Fees: An Empirical Investigation on Companies Listed in The UAE Financial Markets, Electronic Journal of Applied Statistical Analysis, 12, 2, 263-276. doi: 10.1285/İ20705948v12n1p263.
Rani, A. (2018). AC Effectiveness: Relationship Between AC Characteristics and Audit Fees and Non-Audit Service Fees. Journal of Commerce and Accounting Research, 7,3, 35-44.
Sharma, V. D., Naiker, V. and Lee, B. (2009). Determinants of Audit Committee Meeting Frequency: Evidence From a Voluntary Governance System. International Journal of Business, 23, 3, 245-263.
Silva, A. S. V. C., Inacio, H. C. and Vieira, E. F. S. (2020). Determinants of Audit Fees for Portugal and Spain. Contaduría Y Administración, 65, 4, 1-24.
Simunic, D. A. (1980). The Pricing of Audit Services: Theory and Evidence. Journal of Accounting Research, 18, 1, 161–190.
Spira, L. (2003). Audit Committees: Begging The Question? Corporate Governance, 11, 3, 180-188.
Su, X. and Wu, X. (2017). Public Disclosure of Audit Fees and Bargaining Power Between The Client and Auditor: Evidence From China. The International Journal of Accounting, 52, 1, 64-76.
Terzi, S. and Kıymetli Şen, İ. (2023). Denetim Ücreti ile Denetim Komitesinin Karakteristikleri Arasındaki İlişki: Borsa İstanbul Örneği. Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 16,2, 309–321. http://doi.Org/10.25287/Ohuiibf.1152369.
Tuan, K. (2016). Denetim Komitesi Özellikleri ve İhtiyatlılık Arasındaki İlişki: Borsa İstanbul Örneği. Muhasebe ve Denetime Bakış, 47, 115-130.
Wu, Q. (2020). Determinants of Audit Fees: Evidence From Companies Listed on Shenzhen Stock Exchange, (Degree Of Bachelor Thesis). Wenzhou-Kean University, China.
Downloads
Veröffentlicht
Zitationsvorschlag
Ausgabe
Rubrik
Lizenz
Copyright (c) 2025 International Journal of Contemporary Economics and Administrative Sciences
Dieses Werk steht unter der Lizenz Creative Commons Namensnennung 4.0 International.
The Author(s) must make formal transfer of copyright for each article prior to publication in the International Journal of Contemporary Economics and Administrative Sciences. Such transfer enables the Journal to defend itself against plagiarism and other forms of copyright infringement. Your cooperation is appreciated. You agree that copyright of your article to be published in the International Journal of Contemporary Economics and Administrative Sciences is hereby transferred, throughout the World and for the full term and all extensions and renewals thereof, to International Journal of Contemporary Economics and Administrative Sciences.
The Author(s) reserve(s): (a) the trademark rights and patent rights, if any, and (b) the right to use all or part of the information contained in this article in future, non-commercial works of the Author's own, or, if the article is a "work-for-hire" and made within the scope of the Author's employment, the employer may use all or part of the information contained in this article for intra-company use, provided the usual acknowledgements are given regarding copyright notice and reference to the original publication.
The Author(s) warrant(s) that the article is Author's original work, and has not been published before. If excerpts from copyrighted works are included, the Author will obtain written permission from the copyright owners and shall credit the sources in the article. The author also warrants that the article contains no libelous or unlawful statements, and does not infringe on the rights of others. If the article was prepared jointly with other Author(s), the Author agrees to inform the co-Author(s) of the terms of the copyright transfer and to sign on their behalf; or in the case of a "work-for-hire" the employer or an authorized representative of the employer.
The journal is registered with the ISSN : 1925-4423.
IJCEAS is licensed under a Creative Commons Attribution 4.0 International License.
This license lets others distribute, remix, tweak, and build upon your work, even commercially, as long as they credit you for the original creation. This is the most accommodating of licenses offered. Recommended for maximum dissemination and use of licensed materials.
