An empirical investigation of price competition and industry specialisation in NHS audit services

Ilias G. Basioudis; Sheila Ellwood

doi:10.1111/j.1468-0408.2005.00216.x

An empirical investigation of price competition and industry specialisation in NHS audit services

Ilias G. Basioudis, Sheila Ellwood

Accounting

Research output: Contribution to journal › Article › peer-review

Abstract

The NHS audit market is regulated by the Audit Commission (AC) and has unique features. We develop a model for audit fees that includes rigorous analysis of the type of auditor. Poor financial standing does not give rise to higher audit fees. Despite regulation the study supports the existence of a Big Five price premium on the audit fee, but only one firm has a premium. We found no premium due to industry specialisation. The removal of performance audit from AC regulation will require improved audit fee reporting and control.

Original language	English
Pages (from-to)	219-250
Number of pages	32
Journal	Financial Accountability and Management
Volume	21
Issue number	2
Early online date	21 Apr 2005
DOIs	https://doi.org/10.1111/j.1468-0408.2005.00216.x
Publication status	Published - May 2005

Bibliographical note

The definitive version is available at www.blackwell-synergy.com

Keywords

audit regulation
audit fees
corporate governance
public sector
NHS trusts
industry specialisation

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10.1111/j.1468-0408.2005.00216.x

Cite this

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An empirical investigation of price competition and industry specialisation in NHS audit services

Abstract

Bibliographical note

Keywords

Access to Document

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Cite this