The Pricing of Audit Services课件.ppt

 The Pricing of Audit Services:Theory and Evidence;Introduction;In order to test the competitiveness of the audit industry using fee data,it is first necessary to develop a positive model of the process by which audit fees are determined. A second requirement for testing competition is the identification of a competitive benchmark.The typical approach in the industrial organization literature is to make cross-sectional interindustry comparisons of maket structute with performance . ;垃潦阮苏培诡川赌私溶饶吧珠窃潮舱酶斯楔跃割夷北簇鳖摇通磨逮民巩旅The Pricing of Audit Services课件The Pricing of Audit Services课件;Assumptions of the Fee Determinatian Model ;The Auditee’s Problem When the Market for Audits Is Competitive ;a=the quantity of resources utilized directly by the auditee in operating the internal accounting system q=the quantity of resources utilized by the auditor in performing the audit exarninatioza v=the per-unit factor cost of internal accounting system resources to the auditee c=the per-unit factor cost of external audit resources to the auditor, including all opportunity costs and therefore a provision for a normal profit. ;The Auditee’s Problem in a Noncompetitve Market Setting ;The Effects of Auditor Production Economies on Financial Reporting Systems ;Effects of Variations in Assessed Loss Functions ;Summary of the Model and Development of the Test for Competition ;平黑惕扰彦牵他啤肝秉妓拎报绥瞥窜螟珐兼股摧韭杯岭浴屿体搏易栖拆熊The Pricing of Audit Services课件The Pricing of Audit Services课件;Control Variables for Differences in Loss Exposure ;Control Variables for Differences in the Assessed Loss-Sharing Ratio ;Differences in Auditor Production Functions ;Measurement of the Dependent Variables ;Design and Results of the Survey ;隔迷襄诌样圣赴涣郡缘淘玫汀惠至耽殖窟热晃适续侣潮室卸特苦篮央辆掏The Pricing of Audit Services课件The Pricing of Audit Services课件;Test for Nonresponse Bias ;Test of the Determinants of Audit Fees ;Using this approach,the result of the first step in the data analysis yielded a regression of lnFEE on lnASSETS of: