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dc.contributor.authorRainsbury, Liz
dc.contributor.authorVan Dyk, D.
dc.contributor.authorHay, D.
dc.contributor.authorDassanayake, Wajira
dc.contributor.editorAFAANZ 2019 Conference
dc.description.abstractThis study examines the impact of audit quality reviews by the Financial Markets Authority (FMA) on audit fees of New Zealand listed companies. The FMA commenced audit quality reviews in 2013. This study examines audit fees from 2009 to 2016 and compares audit fees over the three years before and the four years after quality reviews began. We find that the mean constant annual compound growth rate in audit fees declined -1.6% over the 2009-2016 period indicating a very competitive audit market. Further analysis shows that audit fees of smaller listed companies increased by approximately 11% after the introduction of independent quality reviews. The results suggest that auditors of larger companies have been able to absorb additional costs associated with the reviews, while this has not been possible for smaller firms. In conclusion, the introduction of mandatory audit quality reviews has had greater economic consequences for smaller listed companies which have had a significant increase in audit fees.en_NZ
dc.publisherAccounting and Finance Association of Australia and New Zealand (AFAANZ)en_NZ
dc.subjectNew Zealanden_NZ
dc.subjectlisted companiesen_NZ
dc.subjectFinancial Markets Authority (FMA) of New Zealanden_NZ
dc.subjectaudit qualityen_NZ
dc.subjectaudit feesen_NZ
dc.titleThe impact of audit quality reviews on audit fees of New Zealand listed companiesen_NZ
dc.typeConference Contribution - Paper in Published Proceedingsen_NZ
dc.subject.marsden150102 Auditing and Accountabilityen_NZ
dc.identifier.bibliographicCitationRainsbury, L., Van Dyk, D., Hay, D., & Dassanayake, W. (2019). The Impact of Audit Quality Reviews on Audit fees of New Zealand Listed Companies. In AFAANZ 2019 Conference (Ed.), Brisbane, Queensland, Australia (pp. 1-35).en_NZ
unitec.publication.volumeAFAANZ 2019 Conferenceen_NZ
unitec.conference.titleAFAANZ 2019 Conferenceen_NZ
unitec.conference.orgAccounting and Finance Association of Australia and New Zealand (AFAANZ)en_NZ
unitec.conference.locationBrisbane, Queensland, Australiaen_NZ
unitec.publication.placeBrisbane, Queensland, Australiaen_NZ
unitec.institution.studyareaAccounting and Finance

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