Female audit committee members and their influence on audit fees

We test the relationship between female representation on the audit committee and audit fees for 624 Australian companies in the year 2011. A positive relationship is found, leading to the conclusion that female presence on audit committees influences the quality of the external audit. Further, we f...

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Bibliographic Details
Published in:Accounting and finance (Parkville) 2018-03, Vol.58 (1), p.57-89
Main Authors: Aldamen, Husam, Hollindale, Janice, Ziegelmayer, Jennifer L., Smith, Tom
Format: Article
Language:English
Subjects:
Audit committee
Audit committees
Audit fees
Audits
Demand‐side approach
Fees & charges
Females
Gender
Quality
Supply‐side approach
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Summary:We test the relationship between female representation on the audit committee and audit fees for 624 Australian companies in the year 2011. A positive relationship is found, leading to the conclusion that female presence on audit committees influences the quality of the external audit. Further, we find that gender is the significant audit committee characteristic in predicting audit quality and that women on the audit committee strengthen the positive relationship between firm size and audit fees, and between risk and audit fees. Conversely, we find that female representation dampens the positive relationship between complexity and audit fees.
ISSN:0810-5391
1467-629X
DOI:10.1111/acfi.12248