Business Diversification, Internal Control and Audit Fees-- Empirical Evidence from the Textile Industry

DOI

10.2991/icmesd-19.2019.4How to use a DOI?

Keywords

Diversified business, Internal control, Audit fees.

Abstract

The study selected the textile industry in Shanghai and shenzhen from 2012 to 2016 as the research sample, and empirically studied the impact of business diversification and internal control on audit fees by using the data obtained from financial terminals and dibo database. The study found that business diversification was negatively correlated with audit fees, that is, the higher the degree of business diversification, the lower the audit fees. There is a significant negative correlation between the level of internal control and audit fees, that is, the higher the internal control is, the more effective the internal control is, and the lower the audit fees are. Business diversification and internal control are not significantly related to audit charges, and they have no joint effect on audit charges in the textile industry.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Sun-Lei Yang
AU  - Mei-Xin Xu
AU  - Jin Dong
AU  - Yu-You Huang
PY  - 2019/07
DA  - 2019/07
TI  - Business Diversification, Internal Control and Audit Fees-- Empirical Evidence from the Textile Industry
BT  - Proceedings of the 5th Annual International Conference on Management, Economics and Social Development (ICMESD 2019)
PB  - Atlantis Press
SP  - 21
EP  - 27
SN  - 2352-5428
UR  - https://doi.org/10.2991/icmesd-19.2019.4
DO  - 10.2991/icmesd-19.2019.4
ID  - Yang2019/07
ER  -