The relationship between audit components and audit market adaptability

Mahdi Salehi, Mahdi Saravani and Safoura Rouhi

Journal of Financial Crime, 2020, vol. 27, issue 3, 835-853

Abstract: Purpose - This study aims to study the relationship between audit components and collusion in the audit market. Design/methodology/approach - The statistical population of the study includes 130 listed firms on the Tehran Stock Exchange from 2012-2017. The data tested using multivariate regression. Findings - The findings of the study indicate that there is a positive and significant relationship between Rank A audit firms, competition and audit fees and audit market adaptability. The relationship standard fees and audit market adaptability, however, is negative and significant. Moreover, the results of the study show that there is no significant relationship between opinion shopping, type of audit report, audit market concentration, and agency costs with audit market adaptability. Originality/value - The current study fills the gap in this area, and the results of the study may give direction to researchers and policy makers.

Keywords: Audit fee; Agency costs; Audit firms; Type of audit report; Audit market adaptability; Audit market concentration; Audit market competition; Opinion shopping (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfcpps:jfc-03-2020-0035

DOI: 10.1108/JFC-03-2020-0035

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