Some empirical evidence from publicly quoted UK companies on the relationship between the pricing of audit and non-audit services

Article Abstract:

Income earned by UK audit firms for non-audit work for quoted clients averaged almost 90% of the levels of audit fee earnings in 1992/1993, according to information obtained from a sample of 314 quoted companies. The research indicated that there was little voluntary disclosure of the breakdown of non-audit services. There were considerable links between fees for audit and non-audit services, a trend which has also been seen in studies in Australia and the US. It seems that providing non-audit services to audit clients is a key element in non-audit service work.

Prices and rates

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Configural information processing in auditing: further evidence

Article Abstract:

The way auditors make judgements has been assessed in terms of using configural cues. There are certain conditions that can help auditors process information in this way. Auditors using configural cues tend to achieve a consensus more easily. There was no increase in numbers of auditors using configural cues when they were asked to explain their judgements. The cues used tend to be viewed by auditors as substitutable. Decision aids could improve the consistency of auditors who do not use configural cues.

Analysis

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Audit judgements of revalued non-current assets: the effect of conflicting risks

Article Abstract:

Many countries accept the accountancy practice of revaluing non-current assets, but in some cases the re-valuation may be in conflict with the interests of third-parties, such as lending institutions. An experimental study examining the audit of revalued property assests is presented. The conflict between breaching a debt covenant and the threat of losing a client is explored.

Methods, Usage, Accounting, Assets (Accounting)

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