| Summary: | 碩士 === 銘傳大學 === 會計學系碩士班 === 100 === International adoption of IFRS has become the mainstream. To enhance the
competitiveness between Taiwan and other countries, Taiwan adopt IFRS to prepare of
financial statements since 2013. Because IFRS conversion is a complex process, enterprises
paying the accountant’s audit fee is expected to increase significantly when enterprise import
IFRS. In addition, fair value accounting involves a lot of judgments and estimates. Thus, the
auditors with industry specialization is even more important. However, in the past, research
on audit fees often excluded the banking and financial industry. Therefore, our study conducts
an empirical analysis of the relationship among fair value measurements, industry specialist
and audit fees of Taiwan banking industry, and we have obtainted the following findings. First,
the auditors charge higher audit fees when clients have higher fair value of assets and
liabilities. Second, we find that bank specialist has provides differential product so that they
could charge a fee premium. Finally, we find that bank specialist auditors charge clients less
for auditing fair value of liabilities, consistent with cost efficiencies passed over to clients, but
fair value of assets.
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