The Effect of Audit Committee Characteristics on Audit Fees

• Main Authors: Ling-Yu You, 游姈妤
• Other Authors: Dr. Yue-Duan Guan
• Format: Others
• Language: zh-TW
• Published: 2015
• Online Access: http://ndltd.ncl.edu.tw/handle/28982392086307003400

碩士 === 銘傳大學 === 會計學系碩士班 === 103 === The Securities Exchange Law introduces independent directors and audit committee system in 2006 to strengthen corporate governance. The Securities and Futures Bureau of Taiwan further expand the scope of mandatory audit committee in 2013 and require all public companies should set audit committee no later than 2017. Since nearly 90% firms disclose audit fees due to convergence to IFRS and the regulatory bodies mandate audit committee in stages, therefore this study can examine the impact of audit committee characteristics(consisting of audit committee setting, audit committee size, audit committee meeting frequency, audit committee financial expertise, audit committee gender diversity ) on audit fees. This study selects all listed companies with complete audit and non-audit fees data during 2009-2013, including 7,983 observations. The empirical results find that audit committee setting, audit committee size, audit committee meeting frequency, audit committee with financial experts and female members all increase audit fees.