The Effect of Company Complexity and Auditor Size on Audit Fee A Study on Financial Sector on the Indonesia Stock Exchange (IDX) (2021-2023)
DOI:
https://doi.org/10.53840/jmm.v15i2.284Keywords:
Company Complexity, Auditor Size, Audit FeeAbstract
The aim of this research is to investigate the impact of company complexity and audit firm size on audit fees. In this research, company complexity and auditor size act as independent variables, while audit fees represent the dependent variable. The study focuses on the financial sector of the Indonesian listed companies during the 2021–2023 period. The secondary data derived from the annual reports of financial sector companies. The approach used in this study is both descriptive and confirmatory. The total population is 105 firms, and a purposive sampling technique was employed to select the sample, leading to 61 companies over a three-year period and resulting in 183 observations. The data were analyzed using panel data regression and hypothesis testing methods. The findings of this study reveal that company complexity does not affect audit fees, whereas auditor size has a positive influence on audit fees. The adjusted R-squared value of 0.296993 indicates that 29.7% of the variation in audit fees is explained by the independent variables, while the remaining 70.3% is attributed to other factors not included in this study. The findings imply that audit firm size plays a more decisive role than company complexity in determining audit fees, so that companies can focus more on auditor selection strategies and efficient audit budget management.
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