The dominating factors in deciding audit fees in Bangladesh

Abstract

For the service of statutory audit, all accountancy firms charge a fee that will cover all necessary costs and leave a profit for the firm. This report intends to narrow down the most dominating factors that are kept in mind while deciding the audit fees for an audit. A thorough research was done to determine the factors since these factors are never openly disclosed by firms. A literature review was done to understand some of the factors that were previously thought to be determining factors. Following those factors, data were collected and tested for their dependency. With the help of secondary data, these factors were tested with regression and other quantitative measures. This paper has worked with six factors, among which three proved to have an impact on the audit fees whereas the other three didn’t. The paper is concluded with the findings and references to researched articles.