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Provision of non-audit services, low balling, audit tenure and auditor type

Prasad, Pranil and Patel, Arvind and Varma, Veer S. (2009) Provision of non-audit services, low balling, audit tenure and auditor type. The ICFAI University Journal of Audit Practice, 6 (1). pp. 62-70. ISSN 0972-5091

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Abstract

This paper investigates the reasons for supply of Non-Audit Services (NAS) by the incumbent auditor.The audit and nonaudit fee data for listed companies in New Zealand is used in the study. The results suggest that the simultaneous provision of audit and NAS are for efficiency reasons rather than maximizing the revenue for auditors. Hence the regulations in place to restrict the amount of NAS that an auditor can provide the client may result in inefficiencies or incurrence of unnecessary costs for the client and auditor.

Item Type: Journal Article
Subjects: H Social Sciences > HJ Public Finance
Divisions: Faculty of Business and Economics (FBE) > School of Accounting and Finance
Depositing User: Ms Neha Harakh
Date Deposited: 23 Nov 2009 12:57
Last Modified: 19 Mar 2012 12:13
URI: http://repository.usp.ac.fj/id/eprint/1225
UNSPECIFIED

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