Professionalism vs Commercialism: The Association between Non-Audit Services (Nas) and Audit Independence
Posted: 19 May 2002
The implications of the provision of NAS to audit clients on audit independence have attracted considerable regulatory and research attention. This study contributes to this topical issue by investigating the association between NAS and audit independence using actual fee data and a more appropriate context that enable a proper ex post assesment of the correctness of the auditor's opinion decision. The results are consistent with the notion that auditors exhibit low propensity to issue a going-concern qualification to clients generating higher proportions of NAS fees to total fees and raise independence implications regarding the joint provision of audit and NAS.
Keywords: auditing, audit independence, audit opinion, fees, non-audit services
JEL Classification: M49
Suggested Citation: Suggested Citation