Neural Network and Audit Fees: A Heuristic Onset
Journal Title: International Journal of Empirical Finance - Year 2014, Vol 3, Issue 2
Abstract
This paper proposes a methodological approach to evaluate the determinants of audit fees by utilising Neural Networks. First, the application of NN is briefly discussed within areas of financial management; second, a methodological framework is developed to examine audit fees under NN specification. The underlying rational of this paper is to establish Neural Networks as a diagnostic tool to assess the effect of audit fees on firms' capital structure. However, this methodology requires further empirical investigation. The importance of Neural Networks emerges from the fact that if external and internal audit fees can be disseminated by employing this methodology which is perceived more significantly robust than other econometric models, then accounting quality can be improved.
Authors and Affiliations
Rama Prasad Kanungo
Keywords
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