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Title: Factors Affecting Audit Fees in Private Commercial Banking Industries: In Ethiopia
???metadata.dc.contributor.*???: Asmare Emire (Dr)
Getachew, Lechu
Keywords: Audit fees;Audit complexity;Bank size;Audit committee
Issue Date: Feb-2016
Publisher: A.A.U
Abstract: The main purpose of this study is to investigate factors affecting audit fees in private commercial banking industries. This investigation is focused on 13 private commercial banking industries using purposively sampling technique and collected primary data of 113 respondents out of 117 that were expected to represent population. The board of directors, audit committees, internal controllers, internal auditors and the finance directors of the selected private commercial banks are the sources for the required data to the researcher through the questionnaires administered and self-collected. In addition, used the secondary data to analysis the bank size (total assets) verse audit costs from annual audited financial statements of 5 years from (2010/11 to 2014/15) of those private banks. The findings from regression and correlation analysis of the pooled data at 10% level of significance result revealed that all board characteristics, audit committee characteristics, audit quality, audit firm size , audit risk and bank size are found to be the major factors influencing the variation in audit fees in the Ethiopian commercial banking industries. Typically, board characteristics, audit committee characteristics and in turn audit qualities are inversely connected with audit fee. In addition, the audit risks, audit complexity, audit firm size and bank size directly affects audit fees. Therefore, private commercial banking industries thus better focus on factors that deemed to have significant effect with audit fees; being it results to audit quality assurance which is nearsighted by government and shareholder as well by the concerned bodies.
Description: A Research project paper submitted to the Department of Accounting and Finance College of Business and Economics Presented in Partial Fulfillment of the Requirements for the Degree of Master of Science in Accounting and Auditing.
Appears in Collections:Thesis - Accounting & Finance

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