| Budget Amount *help |
¥9,360,000 (Direct Cost: ¥7,200,000、Indirect Cost: ¥2,160,000)
Fiscal Year 2013: ¥2,470,000 (Direct Cost: ¥1,900,000、Indirect Cost: ¥570,000)
Fiscal Year 2012: ¥2,730,000 (Direct Cost: ¥2,100,000、Indirect Cost: ¥630,000)
Fiscal Year 2011: ¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000)
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| Research Abstract |
We originally constructed the original data set that comprises audit activities for 5077 listed firms during the period from 1960 throughout 2012, including 259,127 cases of auditors-client firms relationships. Our results can be summarized into four major findings: (i) The history of Japanese audit industry experienced five different time period, and the industry is also characterized as series of mergers since 1985 and thereafter, which results in dominance of limited number of large audit firms; (ii) Clients-auditors relationships had been stable, but their relationships have been changed since demise of Chuo-Aoyama audit firm; Audit fee is not only determined by structural characteristics of client firms, but also determined by structural characteristics of audit firms.
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