| Summary: | 碩士 === 國立雲林科技大學 === 會計系 === 105 === This study examines the influences of related-party transactions (RPTs) on audit fees based on the listed firms in Taiwan stocks market during 2002~2014. It is expected that the complicated and/or incentive characteristics of related-party transactions will result in a less transparent environment for auditing, which in turn, increase auditor’s risk. This study conjectures that audit fees will be increased for firms with higher related-party transactions. The empirical results document that product (processing) sales-oriented RPTs and non-operating-oriented revenues RPTs are both positively associated with a firm’s audit fees. This study examines some diagnostic checks, e.g., dividing product (processing) sales-oriented RPTs into normal and abnormal related party sales, electronics and non-electronics subsamples, pre vs. post the occurrence of global financial crisis, and the Big 4 and non-Big 4 auditors tests, and reveals that our results are robust to various specifications.
|
|---|
