In 1998, the audit fee standard was abolished by the Fair Trade Commission of Taiwan. This study aims to investigate the effects of the cancellation of the audit fee standard on audit-market competition of public companies during 1994–2002. The results indicate that after the event, the auditor excess entry rate, auditor excess exit rate and audit-market-share mobility all increased, which is consistent with the prediction of enhanced audit-market competition.
關聯:
Asia-Pacific Journal of Accounting & Economics, 16: 69-94
