作者：Carcello, JV; Hermanson, DR; Neal, TL; Riley, RA Jr
作者单位：University of Tennessee System; University of Tennessee Knoxville; University of Kentucky; West Virginia University
摘要：This paper examines the relations between three board characteristics (independence, diligence, and expertise) and Big 6 audit fees for Fortune 1000 companies. To protect its reputation capital, avoid legal liability, and promote shareholder interests, a more independent, diligent, and expert board may demand differentially higher audit quality (greater assurance, which requires more audit work) than the Big 6 audit firms normally provide. The audit fee increases as the auditor's additional co...
