Effect of normal and abnormal audit fee and audit fee dependence on corporate social responsibility according stakeholder theory

Authors
Morteza Motavassel 1
Ghodratallah Talebnia 2
Ahmad Yaghoubnezhad 3
1 PHD student of Accounting, Science and Research Branch,Islamic Azad University, Tehran, Iran(mortymot@yahoo.com)
2 Department of Accounting, Science and Research Branch, Islamic Azad University, Tehran, Iran(Corresponding Author)
3 Associate Professor of Accounting group, Science and Research Branch, Islamic Azad University, Tehran, Iran (yaghoob_acc@yahoo.com)
10.52547/aapc.6.12.345
Abstract
The amount of the fee is considered on the one hand a reason for the auditor's efforts and on the other hand a symbol for the loss of his independence. Aim of the study is to investige the effect of normal and abnormal fee and auditor dependence on corporate social resposibility has been investigated. Stackholder characterstics theory such as stockholder, employees, governement and creditors is considered as a proxy for corporate social resoponnsibiliy. The research data includes historical data of 118 companies listed on the Tehran Stock Exchange during 2011-2020. The results indicate that abnormal fees and economic dependence of the auditor have a significant negative and audit fee have a positive impact on corporate social resposibility. In general, due to the negative effect of the abnormal fee and the economic dependence of the auditor on corporate social resposibility, it confirms audit fee is a important measure in mantaning stackholders rights in firms.
Keywords
Abnormal Audit Fees
Corporate social responsibility
Audit Fee Dependence
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Value and Behavioral Accounting
Volume 6, Issue 12
Winter 2022
Pages 345-371