Masters Proposal Presentation by: Andrew Priest
The School of Accounting, Finance and Economics invites you to a Masters Proposal Presentation by Andrew Priest:
Australia's 600,000 charities who account for nearly five per cent of Australia's GDP and whose contribution is growing at eight per cent per year are coming into a new era of accountability and regulation. A significant change faces this sector, as on 1 October 2012 the sector for the first time in Australia will have its own national regulator, the Australian Charities and Not-for-Profits Commission. This development will promote changes in terms of accountability for the not-for-profit sector, which is a relatively unexplored sector of the economy.
Accounting and more specifically auditing play an important role in a charity's accountability processes. This study uses a stratified sample of 250 Australian charities' annual reports for the period 2010-2011 to study three aspects of the accountability value adding chain to contribute to our understanding of audit fees and auditor specialisation. The three objectives of this study are to:
(1) estimate and develop a model of Australian charity fee audit determinants;
(2) to determine if there is evidence of a Big 4 audit firm fee premium in an audit market where the Big 4 may not dominate; and
(3) to test for the existence of a fee premium pricing amongst non-Big 4 audit firms. This study will add to our knowledge of audit fees and audit fee premiums in the not-for-profit audit marketplace.