THE PRICING OF AUDIT SERVICES: EVIDENCE FROM
                       ROMANIA

                           Atanasiu Pop, Professor PhD
                      „Babeş-Bolyai” University of Cluj-Napoca
                              apop@econ.ubbcluj.ro

                              Oana - Raluca Iosivan, PhD
                               ralucaiosivan@yahoo.com


ABSTRACT: The main objective of this study is to investigate factors influencing the
amount of external audit fees in Romania. Of particular interest is the examination of
the potential effect of the client size, client complexity, and the size of the audit firm
on external audit fees. An audit fee model is used to examine the effect of audit client
size, client complexity, and the size of the audit firm on the amount of audit fees for a
sample of audit engagements performed in the tow of Romanian major counties. The
study’s results indicate that the amount of external audit fees is significantly
influenced by the audit client size, by the amount of turnover, by the number of
employees. This study is original since it is the first to empirically investigate factors
influencing the pricing of audit services in on Romanian audit fee market.

Keywords: Romania, Auditor’s fees, External auditing, Auditors, Modelling

Jel Codes: M42, L84