<abstract xmlns="http://www.w3.org/1999/xhtml">
<p>Audit fee serves not only as a compensation for external audit firms to ensure the accuracy and reliability of a company’s financial statements, but it also plays a role in the financial market, by simultaneously reflecting the accounting quality and overall standing of the auditee. This exploratory study aims to identify the factors determining the audit fees of Central and Eastern European companies taking into account periods before and during COVID-19 pandemic. Our findings indicate an upward trend in audit fees for CEE companies during COVID-19, with total assets of auditee and affiliation with Big Four auditors being positive determinants in both periods.</p>
</abstract>

Audit fee serves not only as a compensation for external audit firms to ensure the accuracy and reliability of a company’s financial statements, but it also plays a role in the financial market, by simultaneously reflecting the accounting quality and overall standing of the auditee. This exploratory study aims to identify the factors determining the audit fees of Central and Eastern European companies taking into account periods before and during COVID-19 pandemic. Our findings indicate an upward trend in audit fees for CEE companies during COVID-19, with total assets of auditee and affiliation with Big Four auditors being positive determinants in both periods.

Audit Fee Determinants in CEE Companies Before and During COVID-19

Professor at the Faculty of Economics and Management, Vytautas Magnus University

Management of Organizations: Systematic Research

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Audit Fee Determinants in CEE Companies Before and During COVID-19"}

Audit fee serves not only as a compensation for external audit firms to ensure the accuracy and reliability of a company’s financial statements, but it also...

Audit Fee Determinants in CEE Companies Before and During COVID-19

Published Online: Mar 30, 2024

Page range: 50 - 66

Received: Oct 10, 2023

Accepted: Dec 20, 2023

DOI: https://doi.org/10.2478/mosr-2023-0012

Keywords
audit fee, audit fee determinants, Central and Eastern Europe, COVID-19

© 2023 Renata Legenzova et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Audit Fee Determinants in CEE Companies Before and During COVID-19

Published Online: Mar 30, 2024

Page range: 50 - 66

Received: Oct 10, 2023

Accepted: Dec 20, 2023

DOI: https://doi.org/10.2478/mosr-2023-0012

Keywordsaudit fee, audit fee determinants, Central and Eastern Europe, COVID-19

© 2023 Renata Legenzova et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
audit fee, audit fee determinants, Central and Eastern Europe, COVID-19