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- W1996615803 abstract "In the National Health Service (NHS) in England and Wales an oversight body, the Audit Commission (AC), defines the scope of the external auditors’ work, appoints the auditors and has oversight of their fees and audit quality. This heavily regulated audit regime mitigates some of the deficiencies observed in high profile corporate failures. Independence, it has been argued, is influenced by the total auditor remuneration paid by the client. In this study we examine total auditor remuneration in a regulated market which seeks to ensure audit independence and audit quality. In particular we undertake rigorous analysis of auditor remuneration by the type of auditor: We place emphasis on the differentiation between private sector firms and the AC’s in-house auditors (District Audit). Individual private audit firms charge premiums (up to 16%) for particular audit work in identified locations, but no premiums were found when we examined total auditor remuneration. The regime appears to permit efficient operation of the audit market while safeguarding both audit independence and standards." @default.
- W1996615803 created "2016-06-24" @default.
- W1996615803 creator A5022413256 @default.
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- W1996615803 date "2005-05-01" @default.
- W1996615803 modified "2023-10-04" @default.
- W1996615803 title "External audit in the National Health Service in England and Wales: A study of an oversight body’s control of auditor remuneration" @default.
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- W1996615803 doi "https://doi.org/10.1016/j.jaccpubpol.2005.03.003" @default.
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