Stable Business Relationships,Accounting Information Quality and Audit Fees
Stable business relationships are of great significance for enterprises to prevent external shocks,but stable business relationships in the supply chain may bring both"profit effects"and"risk effects".How the relationship characteristics of enterprises affect the audit costs and risks of auditors deserves attention.Study shows that both stable customers and stable suppliers can reduce audit fees.Mechanism testing has found that the quality of accounting information plays a mediating role in impacting on stable business relationships on audit fees,that is,stable business relationships reduce audit fees by improving the quality of enterprise accounting information.Further research has found that stable business relationships have a more significant impact on audit fees when companies have a higher proportion of customer/supplier transactions,are in non-durable goods industries,and have higher logistics costs.This study enriches the research on the influencing factors of audit fees from the perspective of the supply chain,providing empirical evidence for enterprises to maintain stable supply relationships and leverage on the supervisory and governance effects of the supply chain.
stable business relationshipsaccounting information qualityaudit feessupervision and governance effects
NETL
NSTL
万方数据
