Determinants of audit fees in developing countries: Evidence from Egypt

Abstract

By the turn of this century, the accounting and auditing profession took a totally new direction at both, legal and practical levels along with an increased awareness about transparency, accountability and responsibility reached by all stakeholders of business firms. The failure of big corporations such as Enron and WorldCom in addition to other business scandals which in turn took down big audit firms (i.e., Arthur Andersen), made a shift in auditing practices and its regulations. As a result, a substantial increase in the research field was noticed with regards to auditors’ roles in fraud detection and prevention, internal Abstract