Abstract: During the 1980s, auditors engaged in price competition which resulted in a marked decline in relative audit fees. Preliminary evidence suggests that, on average, larger companies experienced a saving of 40 per cent. Given the increases in overall audit costs during the 1980s, it is arguable that the savings can be explained by increases in efficiency. More research is required to determine whether the explanation lies with such cost savings or in a decline in audit quality.
Publication Year: 1992
Publication Date: 1992-05-01
Language: en
Type: article
Indexed In: ['crossref']
Access and Citation
Cited By Count: 25
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