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Further evidence on the determinants of audit pricing in universities

Further evidence on the determinants of audit pricing in universities
Further evidence on the determinants of audit pricing in universities
This study investigates the determinants of audit fees for UK universities, involving an analysis of 451 university-year observations over the period 2007–2010. The study contributes to a fledgling strand of research examining audit pricing in the public sector. In seeking to identify an appropriate model to explain audit fees we interview a number of university auditors and use their insights in conjunction with prior findings from both private and public sector studies of audit pricing. Our findings show that audit fees in UK universities are positively influenced by size, the number of subsidiary companies, the amount of endowments, the level of debtors, being located in England and the use of a London-based auditor. We also find that more research-intensive universities (using a range of measures) and universities with greater operating surpluses pay lower audit fees
audit fees, universities, non-profit, public sector, UK
0155-9982
196-212
Xue, Bai
975f8125-7cf4-42b2-87fe-e5cb5a4da2e1
O'Sullivan, Noel
2b3991cb-0489-4110-8763-8e716a3fb702
Xue, Bai
975f8125-7cf4-42b2-87fe-e5cb5a4da2e1
O'Sullivan, Noel
2b3991cb-0489-4110-8763-8e716a3fb702

Xue, Bai and O'Sullivan, Noel (2013) Further evidence on the determinants of audit pricing in universities. Accounting Forum, 37 (3), 196-212. (doi:10.1016/j.accfor.2012.12.002).

Record type: Article

Abstract

This study investigates the determinants of audit fees for UK universities, involving an analysis of 451 university-year observations over the period 2007–2010. The study contributes to a fledgling strand of research examining audit pricing in the public sector. In seeking to identify an appropriate model to explain audit fees we interview a number of university auditors and use their insights in conjunction with prior findings from both private and public sector studies of audit pricing. Our findings show that audit fees in UK universities are positively influenced by size, the number of subsidiary companies, the amount of endowments, the level of debtors, being located in England and the use of a London-based auditor. We also find that more research-intensive universities (using a range of measures) and universities with greater operating surpluses pay lower audit fees

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Accepted/In Press date: 12 December 2012
Published date: September 2013
Keywords: audit fees, universities, non-profit, public sector, UK
Organisations: Centre of Excellence for International Banking, Finance & Accounting

Identifiers

Local EPrints ID: 378193
URI: http://eprints.soton.ac.uk/id/eprint/378193
ISSN: 0155-9982
PURE UUID: d5f8a9c8-8c9d-41de-bc3e-8d8f25e0881f
ORCID for Bai Xue: ORCID iD orcid.org/0000-0001-8792-2021

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Date deposited: 29 Jun 2015 09:32
Last modified: 14 Mar 2024 20:19

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Contributors

Author: Bai Xue ORCID iD
Author: Noel O'Sullivan

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