Municipal Audit Fees: Has Increased Competition Made a Difference?

Puntos clave

• The study aims to analyze how increased competition has influenced municipal audit fees and its effect on taxpayers.
• Analyzed municipal audit fees from 1985 to 1989.
• Examined the percentage increase in audit fees alongside gross national product changes.
• Investigated the relationship between lower audit fees and taxpayer burden.
• Audit fees increased significantly during the study period.
• Fee increases correlated positively with the gross national product Implicit Price Deflator.
• Lower audit fees helped reduce the financial burden on taxpayers.