Title: Analysis of audit fees for nonprofits: Resource dependence and agency theory approaches
Authors: Verbruggen, Sandra ×
Christiaens, Johan
Reheul, Anne-Mie
Van Caneghem, Tom #
Issue Date: 2015
Publisher: Sage Publications
Series Title: Nonprofit and Voluntary Sector Quarterly vol:44 issue:4 pages:734-754
Abstract: In contrast to the extensive research on audit fees of for-profit companies, literature on nonprofit audit fees is limited. In this paper, audit fee determinants are tested using a Belgian sample of nonprofits. We find that Big4 auditors charge fee premiums and that nonprofit expert auditors charge lower fees when expertise is measured at audit partner level (as opposed to audit firm level). These findings hold after controlling for self-selection by using
propensity score matching. We also address the resource dependence and agency characteristics of nonprofit audit clients and find that both are relevant in explaining audit
ISSN: 0899-7640
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Centre for Finance, Accountancy & Tax, Campus Brussels (-)
Faculty of Economics and Business (FEB) - miscellaneous
× corresponding author
# (joint) last author

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