Affiliation:
1. GERMANY University of Bamberg
2. University of Auckland Department of Accounting and Finance 12 Grafton Rd NEW ZEALAND Auckland New Zealand 1010 64.9.9234878
3. Aalto University
4. FINLAND University of Eastern Finland and Aalto University
Abstract
Client- and auditor-related attributes are well-documented determinants of audit pricing but the number of empirical archival studies investigating the effects of external factors on audit pricing has grown rapidly in recent years. We extend the traditional framework used to classify audit fee research by adding a novel structure that focuses on political, economic, social, technological, legal, and environmental/ecological factors (a PESTLE analysis). We provide a systematic review of the literature on external factors and audit pricing, and we suggest opportunities for future research. Our review reveals that audit researchers focus on legal factors in terms of regulatory changes, and we find increased attention to political, economic, and social factors. However, despite increased public scrutiny, technological and environmental/ecological factors remain under-researched. Overall, our review demonstrates the importance of considering external factors to gain a more complete understanding of the audit pricing framework, especially in terms of global and regional variations.
Publisher
American Accounting Association
Subject
Economics and Econometrics,Finance,Accounting
Cited by
11 articles.
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