Enterprise Digital Transformation and Audit Fees—Based on a Dual Perspective of Enterprise Risk Level and Audit Input
Using a research sample of A-share listed companies in Shanghai and Shenzhen from 2012 to 2022,the study examines the impact of corporate digital transformation on audit fees and tests the mecha-nism effect of corporate risk level and audit input between corporate digital transformation and audit fees,the moderating effect of the quality of corporate internal control,and the heterogeneous characteristics of proper-ty rights nature and firm size.The study finds that firms'digital transformation increases audit fees,a result that remains significant after robustness tests such as excluding special year samples,lagging one period,and using a more stringent fixed-effects model.Moderating effect tests indicate that firms'digital transfor-mation increases audit fees by reducing the level of firm risk and increasing audit investment.Moderating effects tests indicate that internal control quality inhibits the contribution of firms'digital transformation to audit fees.Heterogeneity analysis shows that the enhancing effect of firms'digital transformation on audit fees is more pronounced among non-state-owned firms and enterprises whose practicing firms are non-Big 4 international accounting firms.
enterprise digital transformationaudit feesenterprise risk levelaudit inputinternal control quality
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