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An Analysis of the Development of Audit Fees in Malta

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  • Peter J Baldacchino
  • Justin Borg

Abstract

This paper seeks to assess the development of the pricing of statutory audits in Malta over time, with a view of changes in its determinants, the Global Financial Crisis (GFC) and other potentially significant events. The findings reveal that there seems to be a general difficulty in realigning the audit fee in response to variations in its drivers, with a degree of price rigidity or stickiness being attributed to elements of imperfect competition and imperfect information in the market. The study also suggests the prevalence of implicit contracts between audit firms other than the Big 4 and their audit clients in order to mitigate the increase in audit fees expected since the recent GFC from 2008. Such behavior needs to be studied more deeply to understand its pervasiveness across other microstates.

Suggested Citation

  • Peter J Baldacchino & Justin Borg, 2014. "An Analysis of the Development of Audit Fees in Malta," The IUP Journal of Accounting Research and Audit Practices, IUP Publications, vol. 0(2), pages 27-52, April.
    • Handle: RePEc:icf:icfjar:v:13:y:2014:i:2:p:27-52
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    Cited by:

    1. Laudemann, & al.,, 2016. "Die zeitliche Entwicklung von Abschlussprüferhonoraren in Deutschland – Eine empirische Untersuchung der Jahre 2009 bis 2013," Die Unternehmung - Swiss Journal of Business Research and Practice, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 70(2), pages 153-186.

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