TITLE:
Literature Review on Influencing Factors of Audit Fees
AUTHORS:
Xin Ye
KEYWORDS:
Audit Fees, Influencing Factors, Literature Review
JOURNAL NAME:
Modern Economy,
Vol.11 No.2,
February
5,
2020
ABSTRACT: Audit fee refers to the remuneration obtained by
accounting firms and auditors for providing professional services. The
determination of audit fees requires mutual consultation between audited units
and accounting firms. In order to ensure the quality of the audit report, as an
important part of the auditor incentive mechanism, the establishment of
reasonable audit fees is a necessary condition to ensure that the certified
public accountants perform the normal information assurance function and ensure
the effective operation of the audit work. Audit fee is the price of audit
report. As the supplier of audit report and the demander of audit report, the
relationship between supply and demand of both parties will inevitably affect
audit fee. Therefore, this paper mainly from two aspects—from the perspective of accounting firms to
investigate the impact of audit fees and the impact of customers’ perspective
on audit fees to sort out the relevant literature on audit fees in these two
aspects, hoping to provide reference value for the study of audit fees.