Document Type

Article

Publication Date

2012

Publication Title

Accounting and Finance

Volume

Forthcoming

DOI

10.1111/j.1467-629X.2012.00490.x

Abstract

This study examines whether independent audit committee members’ board tenure affects audit fees. We find that audit fees are lower for firms with high proportion of long board tenure directors on the independent audit committee than for firms with low proportion of long board tenure directors on the independent audit committee. The results may suggest that auditors price the monitoring effectiveness arising from long board tenure. The results may also suggest that long board tenure audit committee members have a lower demand for audit effort.

Comments

The article available for download here is a pre-print. The definitive version is forthcoming and will be published in Accounting & Finance, 2012. Copyright (2012) John Wiley & Sons Inc.

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