Determinants of Audit Fees for French Quoted Firms
Nathalie Gonthier-Besacier and
Alain Schatt ()
Additional contact information
Nathalie Gonthier-Besacier: Université de Grenoble 2
Working Papers CREGO from Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations
This paper seeks to contribute to the international literature by researching the factors influencing audit fees in France. The French case is specific because the law requires a joint auditing process involving two separate auditors for firms that publish consolidated financial statements. Since 2003, the disclosure of audit fees has been compulsory in France, but numerous firms decided to voluntarily disclose their audit fees for the year 2002. We attempt here to elucidate the amount spent on audit fees in 2002 in a sample of 127 French (non-financial) firms. The main finding is that audit fees depend on firm size, firm risk, and the presence of two of the Big Four firms. When two Big Four firms audit company accounts, the fees charged (adjusted for company size) are significantly lower in comparison with those paid in the other cases. These results appear not to have been influenced by the share of fees paid by the companies to the main auditor.
Keywords: Audit fees; France; Joint auditors; Firm size; Firm risk; Big Four. (search for similar items in EconPapers)
JEL-codes: M40 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-acc and nep-cfn
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (11) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:dij:wpfarg:1060301
Ordering information: This working paper can be ordered from
Angèle Renaud, CREGO, 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France
Access Statistics for this paper
More papers in Working Papers CREGO from Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France.
Series data maintained by Angèle RENAUD ().