Accountant fees in relation and fees no audit with enterprise economic performance in listed BM & FBOVESPA

Abstract

The study aims to investigate the relationship between audit fees and non-audit fees to the economic performance of companies listed on BM & FBOVESPA. Therefore, we carried out a descriptive, document and quantitative research through the canonical correlation through StatGraphics® statistical software for the period 2010 to 2013. The study population was 615 companies and the sample included 319 companies in 2010, 312 in 2011, 307 in 2012 and 282 companies in 2013. Thus, in general, to analyze all the years together, the lower the audit fees and non-audit fees, the higher the ROA and ROE of smaller the companies analyzed. The control variables, size of the audited company, corporate governance level and auditing firm (BIG4) had relationship with economic performance, but only the size of the company showed a positive relationship. The only independent variable with the high strength of association with economic performance was the size of the company. The ROA also stood out above moderate association strength every year. Therefore, it is concluded that there was a relationship between audit fees and non-audit fees with economic performance.

Keywords

• honorário de auditoria
• desempenho econômico
• empresas brasileiras