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THE RELATIONSHIP BETWEEN INTERNALAUDITING AND EXTERNALAUDIT FEES:
EVIDENCE FROM KUWAIT
SBE, Vol.20, No.1, 2017
ISSN 1818-1228
©Copyright 2017/College of Business and Economics,
Qatar University
A s
Panel A. Continuous
Variables:
N Minimum Maximum Mean
S. D.
Total Audit Fees (KD)
35 1,000
20,000.00
4,854.29
4,601.05
IA
35 0.00
100.00
28.14
33.74
Total assets (KD)
35 301,441
772,016,000
123,698,961 198,894,416
LOCAT
35 1.00
3.00
1.11
0.40
QUICK
35 0.19
11.42
2.48
2.26
LEVER
35 0.00
0.83
0.25
0.26
ROA
35 (26.41)
0.77
(0.60)
4.49
TENURE
35 1.00
3.00
2.40
0.85
Panel B. Categorical
Variables:
Value
Frequency
%
NAS 0
31
88.6
1
4
11.4
CPA 0
21
60
1
14
40
Table 1. Descriptive statistics
IA SIZE LOCAT QUICK LEVER ROA NAS CPA TENURE
IA
1
(0.06) 0.09
0.14
0.19
-0.117 0.02
-0.007 .351*
SIZE
1.00
0.25
(0.08)
0.06
.394* 0.259 .526** .392*
LOCAT
1.00
(0.04)
(0.10)
0.051 0.154 0.195 0.214
QUICK
1.00
0.09
0.145 -0.055 -0.073 -0.168
LEVER
1.00
-0.217 0.053 .505** .377*
ROA
1
0.063 0.135 0.075
NAS
1
0.073 0.043
CPA
1
.587**
TENURE
1
Table 2: Pearson Correlations
* Correlation is significant at the 0.05 level (2-tailed)
** Correlation is significant at the 0.01 level (2-tailed)