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Fleming, D. K., & Romanus, N. R. (2004).Auditor Industry Specialisation and Audit Fees surrounding section 404 implementation. Review of Accounting and Finance, 13(4): 353-370.

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Article

The Determinants of Audit Fees: The Context of Cameroon

1Department of Accounting and Finance, Higher Institute of Commerce and Management, The University of Bamenda, Cameroon

2Department of Accounting, Faculty of Social and Management Sciences, University of Buea, Cameroon

3Department of Accounting, Faculty of Economics and Management Sciences, The University of Bamenda, Cameroon


Journal of Finance and Accounting. 2022, Vol. 10 No. 1, 7-14
DOI: 10.12691/jfa-10-1-2
Copyright © 2022 Science and Education Publishing

Cite this paper:
Samuel Tanjeh Mukah, Michael Forzeh Fossung, Kueda Wamba Berthelo, Samka Marion Nyuykighan. The Determinants of Audit Fees: The Context of Cameroon. Journal of Finance and Accounting. 2022; 10(1):7-14. doi: 10.12691/jfa-10-1-2.

Correspondence to: Michael  Forzeh Fossung, Department of Accounting, Faculty of Social and Management Sciences, University of Buea, Cameroon. Email: michael.fossung@fomicgroup.cm

Abstract

This study is crystallised on examining the determinants of the amount of audit fees paid in the context of Cameroon using a causal research design. Data was collected through a structured questionnaire administered to companies subject to statutory audit in Cameroon's three regions: Littoral, North-West, and Centre. The model is tested by running a multilinear regression of the audit fees on the auditor characteristics, the auditee characteristics and auditor/Auditee relationship characteristics by using a sample of 171 companies. The size of the auditee, the auditor's expertise, the corporate complexity, the duration of the mandate, the reporting time lag, and the auditor's experience were found to be the most critical drivers of audit fees. While the analysis shows that industry is not a key factor of audit fees, it also indicates that audit fees are not affected by auditor rotation. The current study strongly reinforces that most prior studies are also appropriate to the Cameroonian audit market. This research is unique since it's the first to empirically determine factors affecting the level of audit fee paid by auditee in the context of Cameroon.

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