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dc.contributor.authorAlexeyeva, Irina
dc.contributor.authorSvanström, Tobias
dc.date.accessioned2016-02-09T09:34:18Z
dc.date.available2016-02-09T09:34:18Z
dc.date.issued2015
dc.identifier.citationManagerial Auditing Journal, 30(2015)4/5:302-323nb_NO
dc.identifier.issn0268-6902
dc.identifier.issn1758-7735
dc.identifier.urihttp://hdl.handle.net/11250/2378607
dc.descriptionThis is the accepted and refereed manuscript to the articlenb_NO
dc.description.abstractPurpose - The paper aims to investigate audit and non-audit fees during the global financial crisis (GFC) in an environment that is relatively sparsely regulated with regard to the provision of non-audit services. Design/methodology/approach - Audit and non-audit fees were studied during pre-GFC (2006-2007), GFC (2008-2009) and post-GFC (2010-2011) periods. Findings - During the GFC Swedish companies benefited from an increase in sales and total assets, although return on assets decreased. In this setting, the auditors charged higher audit fees compared with the pre-GFC period, despite the absence of increased audit reporting lags. A significant increase in audit fees continued during the post-crisis periods with auditors paying more attention to companies’ leverage and whether they report losses. At the same time the companies spent less on non-audit services. Research limitations/implications This study is limited to companies from Sweden which was less affected by the GFC. Practical implications GFC auditors are able to charge higher audit fees from public companies including those that are well performing during financial crises, and they are also able to increase the audit fees in the post-crisis period. This implies that auditors put in extra audit effort to compensate for higher risk or that they are good at negotiating prices with their clients. However, non-audit fees decreased during the same period implying that the demand for these services drops under financial instability. Originality/value – The study highlights auditors’ behavior in the liberal economic environment and it studies both audit fees and non-audit fees before GFC, during GFC and after the GFC. The GFC appears to provide audit firms the opportunity to extract higher audit fees. Our findings are of interest to managers, auditors and regulators.nb_NO
dc.language.isoengnb_NO
dc.publisherEmeraldnb_NO
dc.titleThe impact of global financial crisis on audit and non-audit feesnb_NO
dc.typeJournal articlenb_NO
dc.typePeer reviewednb_NO
dc.source.journalManagerial Auditing Journalnb_NO
dc.identifier.doi10.1108/MAJ-04-2014-1025
dc.description.localcode1, Forfatterversjonnb_NO


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