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Study of nonaudit services, low balling, audit tenure, and auditor type: New Zealand and Australian evidence

Patel, Arvind and Prasad, Pranil and Saune, Naibuka U. (2010) Study of nonaudit services, low balling, audit tenure, and auditor type: New Zealand and Australian evidence. Journal of Asia-Pacific Business, 11 (2). pp. 121-134. ISSN 1059-9231

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Abstract

This article investigates the reasons for supply of nonaudit services by the incumbent auditor. The audit and nonaudit fee data for listed companies in New Zealand and Australia is used in the study. The results suggest that the simultaneous provision of audit and nonaudit services are for efficiency reasons rather than to maximize revenue for the auditors. Hence the regulations in place to restrict the amount of nonaudit services that an auditor can provide its 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 Mereoni Camailakeba
Date Deposited: 29 Nov 2010 09:42
Last Modified: 17 Jul 2012 14:51
URI: http://repository.usp.ac.fj/id/eprint/1857
UNSPECIFIED

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