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Article: Audit Firm Size Effects in China’s Emerging Audit Markets

TitleAudit Firm Size Effects in China’s Emerging Audit Markets
Authors
KeywordsAudit firm Size
Audit Quality
Emerging Market
China’s Audit Market
Issue Date2009
PublisherThe Hong Kong Institute of Economics and Business Strategy. The Journal's web site is located at http://www.hiebs.hku.hk/working_papers.asp
Citation
HIEBS working papers, 2004 How to Cite?
AbstractUsing a panel data of both audit firms and listed firms in China from 2001 to 2003, we examine the continuous relationship between audit firm size and audit quality in China’s relatively competitive auditing market for publicly listed firms. We find that larger audit firms are more likely to issue modified opinions than smaller firms. We also find that larger firms tend to command significantly higher audit fees. Both evidences suggest the existence of not only a positive but a continuous relationship between audit firm size and audit quality. This relationship indicates that audit firms of varying size are not homogeneous in quality even in a relatively competitive market. The continuous relationship further suggests that such a size effect does not require a particular size threshold to operate.
Persistent Identifierhttp://hdl.handle.net/10722/60175

 

DC FieldValueLanguage
dc.contributor.authorLi, Cen_HK
dc.contributor.authorSong, FMen_HK
dc.contributor.authorWong, SML-
dc.date.accessioned2010-05-31T04:05:16Z-
dc.date.available2010-05-31T04:05:16Z-
dc.date.issued2009en_HK
dc.identifier.citationHIEBS working papers, 2004en_HK
dc.identifier.urihttp://hdl.handle.net/10722/60175-
dc.description.abstractUsing a panel data of both audit firms and listed firms in China from 2001 to 2003, we examine the continuous relationship between audit firm size and audit quality in China’s relatively competitive auditing market for publicly listed firms. We find that larger audit firms are more likely to issue modified opinions than smaller firms. We also find that larger firms tend to command significantly higher audit fees. Both evidences suggest the existence of not only a positive but a continuous relationship between audit firm size and audit quality. This relationship indicates that audit firms of varying size are not homogeneous in quality even in a relatively competitive market. The continuous relationship further suggests that such a size effect does not require a particular size threshold to operate.-
dc.languageengen_HK
dc.publisherThe Hong Kong Institute of Economics and Business Strategy. The Journal's web site is located at http://www.hiebs.hku.hk/working_papers.aspen_HK
dc.relation.ispartofHIEBS Working Papersen_HK
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subjectAudit firm Size-
dc.subjectAudit Quality-
dc.subjectEmerging Market-
dc.subjectChina’s Audit Market-
dc.titleAudit Firm Size Effects in China’s Emerging Audit Markets-
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1090-6738&volume=&spage=&epage=&date=2009&atitle=Audit+size+effect+in+an+emerging+marketen_HK
dc.identifier.emailSong, FM: fmsong@econ.hku.hken_HK
dc.identifier.authoritySong, FM=rp01095en_HK
dc.description.naturepreprint-
dc.identifier.hkuros148327en_HK

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