| Summary: | 碩士 === 長榮大學 === 經營管理研究所 === 101 === Using the information about fair value hierarchy in the financial statements released by China’s banking institutions during 2007 to 2012 and Hong Kong’s during 2005 to 2012, this study examines the association between fair value hierarchy and audit expertise on audit fees. Discarding the incompetent information, there are 143 data adopted in the study as the sample for analysis.
The findings in this study showed a stronger association between audit fees and level 1 fair value assets than those between level 2 in China’s sample. As for the association between audit expertise and audit fees, it had no significant relevance. Whereas in Hong Kong’s sample, accountants charged higher audit fees on level 2 fair value assets and level 2 fair value liabilities. As for audit fees charged by accountants for both level 3 fair value assets and fair value liabilities, the amounts were lower.
Currently, only a few of papers discussing the topic of fair value utilize fair value hierarchy as the method to show the differences. The findings in this study would be beneficial to future researches.
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