Bank audit fee pressure during the financial crisis
Porter, Christine M.
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Christine M. Porter; Bank Audit Fee Pressure During the Financial Crisis. Current Issues in Auditing 1 March 2020; 14 (1): A31–A45
This study examines the pressure on bank audit fees during the height of the financial crisis. I employ a prior year benchmark audit fee method and compare it to the actual audit fee to determine the amount of fee pressure applied in a year. Results show a significant amount of fee pressure exerted upon bank auditors during 2008, more so than that found in studies of other industries. This study also investigates a bank specific fee model during the crisis finding differences in determinants of fees for those banks that did apply fee pressure.
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