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Board gender diversity, auditor fees, and auditor choice

Version 2 2024-06-05, 09:48
Version 1 2017-10-16, 15:48
journal contribution
posted on 2024-06-05, 09:48 authored by KMY Lai, B Srinidhi, Ferdinand GulFerdinand Gul, JSL Tsui
We examine whether the presence of female directors and female audit committee members affect audit quality in terms of audit effort and auditor choice by using observations from a sample of U.S. firms, spanning the years 2001–2011. We find, after controlling for endogeneity and other board, firm, and industry characteristics, that firms with gender-diverse boards (audit committees) pay 6 percent (8 percent) higher audit fees and are 6 percent (7 percent) more likely to choose specialist auditors compared to all-male boards (audit committees). Our findings suggest that boards (audit committees) with female directors (members) are likely to demand higher audit quality, ceteris paribus.

History

Journal

Contemporary accounting research

Volume

34

Pagination

1681-1714

Location

Chichester, Eng.

ISSN

0823-9150

eISSN

1911-3846

Language

eng

Publication classification

C Journal article, C1 Refereed article in a scholarly journal

Copyright notice

2017, CAAA

Issue

3

Publisher

Wiley-Blackwell

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