Audit fees determinants and industry specialisation : a Singapore study.

Abstract

This study tests if the fee mechanisms in Singapore conform to the latest audit fee pricing model [Lee et al., 1999], in spite of the Asian Financial Crisis. A study of 302 publicly listed companies for 1997 and 1998 showed that it has not significantly impacted the audit fees model. This study provides evidence of a positive relation between audit fees and the variables: Beta and auditor size. No significant relation was found between audit fees and unsystematic risk.