What question did this study set out to answer?

To investigate the relationship between audit fees, industry specialization, and compliance with GAAS reporting standards.

June 15, 2026Auditing A Journal of Practice & Theory

Audit Fees, Industry Specialization, and Compliance with GAAS Reporting Standards.

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To investigate the relationship between audit fees, industry specialization, and compliance with GAAS reporting standards.
Analyzed a unique database of 935 audits of California school districts
Regressed an index of GAAS violations on audit fees and industry specialization
Controlled for audit firm and client characteristics
Violations of GAAS decrease as audit fees increase (specific metrics not provided)
Higher industry specialization is linked to fewer GAAS violations
Violations are more common for large clients and firms not held to high standards

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Implication

Randomized trial examines GAAS compliance influenced by audit fees and industry specialization in California school districts, suggesting improved audit quality.

Cite This Study

O'Keefe et al. (1994) studied this question.

synapsesocial.com/papers/6a2f9718a1cfeec490828331 https://doi.org/10.2308/ajpt-9703143407

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Implication

Randomized trial examines GAAS compliance influenced by audit fees and industry specialization in California school districts, suggesting improved audit quality.

Audit Fees, Industry Specialization, and Compliance with GAAS Reporting Standards.

Key Points

Discussion

Implication

Cite This Study

Audit Fees, Industry Specialization, and Compliance with GAAS Reporting Standards.

Key Points

Discussion

Implication

Cite This Study

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