Political control and audit fees: an empirical analysis of local state-owned enterprises in England

Rhys Andrews and Laurence Ferry

Public Money & Management, 2023, vol. 43, issue 5, 438-446

Abstract: We need to know more about the financial accountability of corporatized public services. In this article, the authors analyse the audit fees of a large sample of English local SOEs from 2009–2017, assessing the impact of board composition and ownership structure on those fees. SOEs with more politicians on their boards of directors had higher audit costs and this was especially so for majority-owned SOEs. This article highlights the need for policy-makers to evaluate the consistency of auditing arrangements for the hybrid arm’s-length organizations delivering public services.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:taf:pubmmg:v:43:y:2023:i:5:p:438-446

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DOI: 10.1080/09540962.2021.1996005

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