Internal control risk and audit fees: Evidence from China

Xu-dong Ji, Wei Lu and Wen Qu

Journal of Contemporary Accounting and Economics, 2018, vol. 14, issue 3, 266-287

Abstract: This study examines the association between internal control risk and audit fees under the voluntary adopting regime of the Basic Standard of Enterprise Internal Control in China. We find that audit fees are positively related to disclosed internal control weaknesses (ICWs). In particular, they are significantly associated with non-financial reporting-related, but not with financial reporting-related, ICWs.

Keywords: Audit fees; China; Internal control risk; Internal control weakness; Voluntary assurance (search for similar items in EconPapers)
JEL-codes: G34 G38 M42 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jocaae:v:14:y:2018:i:3:p:266-287

DOI: 10.1016/j.jcae.2018.07.002

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