Penentu Fee Audit Pada Perusahaan Manufaktur
DOI:
https://doi.org/10.22219/jrak.v13i1.21613Keywords:
Audit Fee, CEO Gender, Company Size, Ownership StructureAbstract
Purpose: This study aims to analyze the effect of Chief Executive Officer (CEO) gender and ownership structure on audit fees and the moderating effect of firm size.
Methodology/approach: The population used are manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2017-2019, with a total of 192 companies. This study uses descriptive analysis and inferential analysis through regression analysis with moderating variables using the absolute difference value test.
Findings: The results show that CEO gender has a significant negative effect on audit fees, foreign ownership has a significant positive impact on audit fees. In contrast, managerial ownership and government ownership have no significant impact on audit fees. Firm size can moderate in weakening the effect of CEO gender on audit fees but cannot moderate the effect of managerial ownership, foreign ownership, and government ownership on audit fees.
Originality/value: This study adds an independent CEO gender variable and a moderating variable in company size.
Downloads
References
Alhababsah, S. (2019) ‘Ownership Structure and Audit Quality: An Empirical Analysis Considering Ownership Types in Jordan’, Journal of International Accounting, Auditing and Taxation, 35, pp. 71–84. doi: https://doi.org/10.1016/j.intaccaudtax.2019.05.006.
Ananda, S. S. and Triyanto, D. N. (2019) ‘Pengaruh Fungsi Audit Internal, Risiko Perusahaan, dan Kompleksitas Perusahaan terhadap Fee Audit’, JAF- Journal of Accounting and Finance, 3(1), p. 35. doi: 10.25124/jaf.v3i1.2096.
Andriyani, B. and Laksito, H. (2017) ‘Analisis Pengaruh Struktur Kepemilikan Perusahaan Terhadap Biaya Audit’, Diponegoro Journal of Accounting, 6(3), pp. 62–72.
Baldacchino, P. J., Attard, M. and Cassar, F. (2014) ‘Factors Influencing External Audit Fees in Malta’, Occasional Papers on Islands and Small States, (2), pp. 1–22.
Bhuiyan, M. B. U., Rahman, A. and Sultana, N. (2020) ‘Female Tainted Directors, Financial Reporting Quality and Audit Fees’, Journal of Contemporary Accounting and Economics, 16. doi: https://doi.org/10.1016/j.jcae.2020.100189.
Booth, A. L. and Nolen, P. (2012) ‘Gender Differences in Risk Behaviour: Does Nurture Matter?’, The Economic Journal. doi: 10.1111/j.1468-0297.2011.02480.x.
Chatterjee, B. and Mir, M. Z. (2008) ‘The Current Status of Environmental Reporting by Indian Companies’, Managerial Auditing Journal, 23(6), pp. 609–629. doi: 10.1108/02686900810882138.
Chen, Y., Eshleman, J. D. and Soileau, J. S. (2016) ‘Board Gender Diversity and Internal Control Weaknesses’, Advances in Accounting, incorporating Advances in International Accounting. doi: http://dx.doi.org/10.1016/j.adiac.2016.04.005.
Ellis, Y. and Booker, Q. L. (2011) ‘Audit Fee Determinants in The Nonprofit Sector: A Study of Community Action Agencies’, Journal of Finance and Accountancy.
Faccio, M., Marchica, M. T. and Mura, R. (2016) ‘CEO Gender, Corporate Risk-Taking, and The Efficiency of Capital Allocation’, Journal of Corporate Finance, 39, p. 209.
Fleischer, R. and Goettsche, M. (2012) ‘Size Effects and Audit Pricing: Evidence from Germany’, Journal of International Accounting, Auditing and Taxation, 21(2), pp. 156–168. doi: 10.1016/j.intaccaudtax.2012.07.005.
Gotti, G. et al. (2012) ‘Managerial Stock Ownership, Analyst Coverage, and Audit Fee’, Journal of Accounting, Auditing & Finance, pp. 27–412. doi: 10.1177/0148558X11409158.
Habib, A. et al. (2018) ‘Political Connections, Financial Reporting and Auditing: Survey of The Empirical Literature.’, Journal of International Accounting Auditing and Taxation, 31, pp. 37–51.
Hassan, M. et al. (2014) ‘Impact of Corporate Governance on Audit Fee: Emperical Evidence from Pakistan’, World Applied Sciences Journal, 30(5), pp. 645–651. doi: 10.5829/idosi.wasj.2014.30.05.14093.
Hassan, Y. M. and Naser, K. (2013) ‘Determinants of Audit Fees: Evidence from an Emerging Economy’, International Business Research, 6(8). doi: 10.5539/ibr.v6n8p13.
Huang, T. C., Huang, H. W. and Lee, C. C. (2014) ‘Corporate Executive’s Gender and Audit Fees’, Managerial Auditing Journal, 29(6), pp. 527–547. doi: 10.1108/MAJ-03-2013-0837.
Ikatan Akuntan Publik Indonesia (2016) ‘Peraturan Pengurus Nomor 2 Tahun 2016 Tentang Penentuan Imbalan Jasa Audit Laporan Keuangan’, pp. 1–18.
Immanuel, R. and Yuyetta, N. A. (2014) ‘Analisis Faktor-Faktor yang Mempengaruhi Penetapan Audit Fees (Studi Empirik Pada Perusahaan Manufaktur di BEI)’, Diponegoro Journal of Accounting, 3(3), pp. 816–827.
Jensen, M. C. and Meckling, W. H. (1976) ‘Theory of The Firm: Managerial Behavior, Agency Costs, and Ownership Structure.’, Journal of Financial Economics, 3, pp. 305–360. doi: http://dx.doi.org/10.1016/0304-405X(76)90026-X.
Ji, X., Lu, W. and Qu, W. (2018) ‘Internal Control Risk and Audit Fees: Evidence from China’, Journal of Contemporary Accounting & Economics, 14, pp. 266–287. doi: https://doi.org/10.1016/j.jcae.2018.07.002.
Khan, A. R., Hossain, D. M. and Siddiqui, J. (2011) ‘Corporate Ownership Concentration and Audit Fees: The Case of an Emerging Economy’, Advances in Accounting, incorporating Advances in International Accounting, 27, pp. 125–131. doi: 10.1016/j.adiac.2011.04.007.
Moeljono, D. (2006) Good Corporate Culture sebagai Inti dari Good Corporate Governance. Jakarta: PT Elex Media Komputindo.
Mustapha, M. and Ahmad, A. C. (2011) ‘Agency theory and managerial ownership: evidence from Malaysia’, Managerial Auditing Journal, 26(5). doi: 10.1108/02686901111129571.
Naser, K. and Hassan, Y. M. (2016) ‘Factors Influencing External Audit Fees of Companies Listed on Dubai Financial Market’, International Journal of Islamic and Middle Eastern Finance and Management, 34(10). doi: 10.1108/mf.2008.00934jaa.001.
Nelson, S. P. and Rusdi, N. F. M. (2015) ‘Ownership Structures Influence on Audit Fee’, Journal of Accounting in Emerging Economies, 5(4), pp. 457–478. doi: 10.1108/JAEE-05-2013-0027.
Nugrahani, N. R. and Sabeni, A. (2013) ‘Faktor- Faktor yang Mempengaruhi Penetapan Fee Audit Eksternal pada Perusahaan yang Terdaftar di BEI’, Diponegoro Journal Of Accounting, 2(2), p. 11. Available at: http://ejournal-s1.undip.ac.id/index.php/accounting.
Oktavia, I. and Ningsih, D. (2020) ‘Faktor-Faktor yang Mempengaruhi Audit Fee pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia’, Jurnal Aksara Public, 4(1), pp. 98–110.
Pradana, S. and Purwanto, A. (2016) ‘Faktor- Faktor Penentu Tarif Biaya Audit Eksternal pada Perusahaan yang Terdaftar di Bursa Efek Indonesia (Studi Empiris terhadap Perusahaan yang terdaftar di Bursa Efek Indonesia)’, Diponegoro Journal of Accounting, 5(3), pp. 22–32.
Rouf, A. (2011) ‘Corporate Characteristics, Governance Attributes and The Extent of Voluntary Disclosure in Bangladesh’, African Journal of Business Management, 5(19), pp. 7836–7845. doi: 10.5897/ajbm10.1180.
Salehi, M., Tarighi, H. and Safdari, S. (2018) ‘The Relation Between Corporate Governance Mechanisms, Executive Compensation and Audit Fees: Evidence from Iran’, Management Research Review, 41(8), pp. 939–967. doi: 10.1108/MRR-12-2016-0277.
Scott, J. W. (1999) Gender and the Politics of History. New York: Columbia University Press.
Shan, Y. G., Troshani, I. and Tarcaa, A. (2019) ‘Managerial Ownership, Audit Firm Size, and Audit Fees: Australian Evidence’, Journal of International Accounting, Auditing and Taxation, 35, pp. 18–36. doi: https://doi.org/10.1016/j.intaccaudtax.2019.05.002.
Sinaga, E. A. and Rachmawati, S. (2018) ‘Besaran Fee Audit pada Perusahaan yang Terdaftar di Bursa Efek Indonesia’, Media Riset Akuntansi, Auditing & Informasi, 18(1), p. 19. doi: 10.25105/mraai.v18i1.2577.
Sujarweni, W. (2014) Metodologi penelitian: Lengkap, praktis, dan mudah dipahami. Yogyakarta: Pustaka Baru Press.
Susatiabhakti, D. A. (2018) ‘Analisis Pengaruh Struktur Kepemilikan terhadap Biaya Audit (Studi pada Perusahaan Non-Keuangan yang terdaftar di BEI tahun 2015-2016)’.
UlHaq, A. and Leghari, M. K. (2015) ‘Determinants of Audit Fee in Pakistan’, Research Journal of Finance and Accounting, 6(9).
Yulio, W. S. (2016) ‘Pengaruh Konvergensi IFRS, Komite Audit, dan Kompleksitas Perusahaan terhadap Fee Audit’, XV(June), pp. 77–92.
Downloads
Published
Issue
Section
License
Copyright (c) 2023 Maylia Pramono Sari, Novi Wijayaningsih, Surya Raharja
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Jurnal Reviu Akuntansi dan Keuangan is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
