The Effect of Abnormal Audit Fees, Key Audit Matters, and Audit Tenure on Audit Quality (A Study of Companies Listed on the Indonesia Stock Exchange for the 2022-2023 Period)
DOI:
https://doi.org/10.24256/kharaj.v7i2.7504Keywords:
Abnormal Audit Fee, Key Audit Matters, Audit Tenure, Audit QualityAbstract
Audit quality refers to the auditor's ability to detect and disclose errors in financial documents. In performing this task, auditors are required to comply with applicable auditing standards and the professional code of ethics. This study aimed to examine the effect of abnormal audit fee, key audit matters, and audit tenure on audit quality in energy sector companies listed on the Indonesia Stock Exchange (IDX) during the 2022–2023 period. The population in this study consisted of energy sector companies listed on the IDX during the specified period. The sampling method used was purposive sampling, resulting in 51 company-year observations over two years. After the removal of 7 companies identified as outliers, the final sample consisted of 44 companies. The study utilized secondary data and applied panel data regression using EViews 13, with firm size and audit firm size included as control variables. The results of the simultaneous test indicated that abnormal audit fee, key audit matters, and audit tenure had a significant effect on audit quality. However, the partial test showed that each of these variables individually did not have a statistically significant effect. These findings suggest that although the three variables are collectively important in influencing audit quality, none of them had a strong individual impact on audit quality in the energy sector during the observation period. This study offers important implications for regulators and companies in understanding and evaluating the broader factors that influence the quality of audit services in practice.
References
Ariadi, Jasmine, J., & Oktavia, V. (2023). Dampak Penerapan Masalah Audit Utama di Indonesia. SINOMIKA Journal: Publikasi Ilmiah Bidang Ekonomi Dan Akuntansi, 1(5), 1031–1040. https://doi.org/10.54443/sinomika.v1i5.556
Arifin Tasrif. (2024). Investasi Sektor ESDM Tembus 30 Miliar USD Pada 2023. KEMENTERIAN ENERGI DAN SUMBER DAYA MINERAL. https://www.esdm.go.id/id/media-center/arsip-berita/investasi-sektor-esdm-tembus-30-miliar-usd-pada-2023
Aritonang, & Darmawati, D. (2022). Pengaruh Rotasi Audit, Audit Capacity Stress Dan Audit Tenure Terdapat Kualitas Audit. Jurnal Ekonomi Trisakti, 2(2), 1425–1436. https://doi.org/10.25105/jet.v2i2.14898
Asthana, & Boone, J. P. (2012). Abnormal audit fee and audit quality. Auditing, 31(3), 1–22. https://doi.org/10.2308/ajpt-10294
Auliyah, Fitriyani, D., & Herawaty, N. (2022). Analisis Pengaruh Ukuran KAP, Audit Tenure, Audit Fee dan Independensi Auditor Terhadap Integritas Laporan Keuangan. Jurnal Ilmiah Universitas Batanghari Jambi, 22(1), 272. https://doi.org/10.33087/jiubj.v22i1.2012
Azis. (2024). Pengaruh Pengungkapan Key Audit Matters (KAM), Kompetensi, Independensi, dan Pengalaman Auditor Terhadap Kualitas Audit (Studi Empiris Pada Kantor Akuntan Publik Kota Pekanbaru).
Biduri, Hermawan, S., Hariyanto, W., & Ningdia, E. W. (2021). Auditor Experience as Moderator on Audit Quality in creating Qualified Financial Statements. AKRUAL: Jurnal Akuntansi, 13(1), 14–25. https://doi.org/10.26740/jaj.v13n1.p14-25
Choi, Kim, J. B., & Zang, Y. (2010). Do abnormally high audit fees impair audit quality? Auditing, 29(2), 115–140. https://doi.org/10.2308/aud.2010.29.2.115
Coram, & Wang, L. (2021). The effect of disclosing key audit matters and accounting standard precision on the audit expectation gap. International Journal of Auditing, 25(2), 270–282. https://doi.org/10.1111/ijau.12203
DeAngelo. (1981). Auditor Size and Audit Quality. In Journal of Accounting and Economics (Vol. 3). North-Holland Publishing Company.
Dewita, & NR, E. (2023). Pengaruh Audit Tenure, Rotasi Audit, dan Fee Audit terhadap Kualitas Audit. Jurnal Eksplorasi Akuntansi, 5(1), 370–384. https://doi.org/10.24036/jea.v5i1.627
Evana, & Agrianti, dan. (2020). Effects Of Moderating Variables On Audit Tenure And Audit Quality. www.ijstr.org
Fajraini Hasibuan, Ekonomi, F., & Bisnis, D. (2022). Pengaruh Pengungkapan Key Audit Matters (KAM), Kompetensi dan Independensi Auditor Terhadap Kualitas Audit.
Farid, M. N. F., & Baradja, L. (2022). Pengaruh Fee Audit, Audit Tenure, Audit Rotasi, Ukuran Perusahaan Klien Pada Kualitas Audit. Jurnal Ekonomi Trisakti, 2(2), 1063–1078. https://doi.org/10.25105/jet.v2i2.14750
Fauziyyah, & Praptiningsih, P. (2020). Pengaruh Audit Fee,Audit Tenure,Dan Rotasi Audit Terhadap Kualitas Audit. Monex Journal Research Accounting Politeknik Tegal, 9(1), 1–17. https://doi.org/10.30591/monex.v9i1.1232
Fitriany, Veronica, S., & Anggraita, V. (2016). Impact of Abnormal Audit Fee to Audit Quality: Indonesian Case Study. American Journal of Economics, 6(1), 72–78. https://doi.org/10.5923/j.economics.20160601.09
Francis, & Wang, D. (2008). The joint effect of investor protection and big 4 audits on earnings quality around the world. Contemporary Accounting Research, 25(1), 157–191. https://doi.org/10.1506/car.25.1.6
Fretty, Silaban, Suryani, & Si, M. (2020). Pengaruh Audit Capacity Stress, Spesialisasi Industri Auditor Dan komite Audit Terhadap Kualitas Audit (Studi Empiris pada Perusahaan Subsektor Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia The Influence of Audit Capacity Stress, Industry Specialization Auditor and Audit Committee on Audit Quality (Empirical Study: Food and Beverage Sub-Sector Manufacturing Companies Listed on the Indonesia Stock Exchange for 2014-2018).
Haalisa, & Inayati, N. I. (2021). Pengaruh Ukuran Perusahaan, Audit Tenure, Kualitas Audit, Dan Audit Report Lag Terhadap Opini Audit Going Concern. Review of Applied Accounting Research, 1(1), 25–36. http://jurnalnasional.ump.ac.id/index.php/RAAR/
Han, & Wang, S.-W. (1998). Political Costs and Earnings Management of Oil Companies during the 1990 Persian Gulf Political Costs and Earnings Management of Oi l Companies Persian Gulf Crisis. In Source: The Accounting Review (Vol. 73, Issue 1).
Hartono, & Laksito, H. (2022). Pengaruh Audit Tenure, Fee Audit, Ukuran Kantor Akuntan Publik, Spesialisasi Auditor, Komite Audit Terhadap Kualitas Audit. Diponegoro Journal Of Accounting, 11(1981), 1–12.
Humas EBTKE. (2023). Tren Energi Global Menuju Energi Bersih dan Berkelanjutan. Kementerian ESDM Indonesia. Kementrian ESDM Indonesia. https://ebtke.esdm.go.id/post/2023/03/30/3456/dirjen.ebtke.tren.energi.global .menuju.energi.bersih.dan.berkelanjutan
Institut Akuntan Publik Indonesia. (2023). Penerapan Tahun Pertama SA 701 Tentang Pengomunikasian Hal Audit Utama (HAU) di Indonesia. www.iapi.or.id
Jabir, Rusni, & Tafsir, M. (2022). Pengaruh Profitabilitas, Likuiditas Dan SolvabilitasTerhadap Nilai Perusahaan pada Sektor Energi Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Magister Research, 1(1), 44–59.
Jung, Kim, B. J., & Chung, J. R. (2016). The association between abnormal audit fees and audit quality after IFRS adoption Evidence from Korea. International Journal of Accounting and Information Management, 24(3), 252–271. https://doi.org/10.1108/IJAIM-07-2015-0044
Kalita, & Tiwari, R. K. (2023). Audit Quality Review: An Analysis Projecting the Past, Present, and Future. In Scientific Annals of Economics and Business (Vol. 70, Issue 3, pp. 353–377). Alexandru Ioan Cuza University of Iasi. https://doi.org/10.47743/saeb-2023-0032
Kane, & Velury, U. (2005). The Impact of Managerial Ownership on the Likelihood of Provision of High Quality Auditing Services. Review of Accounting and Finance, 4(2), 86–106. https://doi.org/10.1108/eb043424
Kitiwong, & Sarapaivanich, N. (2020). Consequences of the implementation of expanded audit reports with key audit matters (KAMs) on audit quality. Managerial Auditing Journal, 35(8), 1095–1119. https://doi.org/10.1108/MAJ-09-2019-2410
Knechel, & Vanstraelen, A. (2007). The relationship between auditor tenure and audit quality implied by going concern opinions. Auditing, 26(1), 113–131. https://doi.org/10.2308/aud.2007.26.1.113
Latifhah, Magnaz Lestira Oktaroza, & Edi Sukarmanto. (2019). Pengaruh Fee Audit dan Audit Tenur Terhadap Kualitas Audit (Studi Kasus Pada Kantor Akuntan Publik Di Kota Bandung). Prosiding Akuntansi, 62–67.
Leovany, & Feliana, Y. K. (2016). Pengaruh Corporate Governance Terhadap Earnings Management Sebelum dan Setelah IFRS. Calyptra, 5(1), 1–12. http://journal.ubaya.ac.id/index.php/jimus/article/view/2562%0Ahttps://journal.ubaya.ac.id/index.php/jimus/article/download/2562/2022
Lestari, & Ramadhan, M. Z. (2024). Does Green Accounting , Intellectual Capital , and Dividend Policy Affect Corporate Value ? (Issue Scbtii). Atlantis Press International BV. https://doi.org/10.2991/978-94-6463-558-4
Mariani & Latrini. (2016). Komite Audit Sebagai Pemoderasi Pengaruh Reputasi Auditor dan Tenure Audit Terhadap Audit Report Lag. E-Jurnal Akuntansi, 16, 2122–2148.
McCLOSKEY. (1952). Public health aspects of poliomyelitis in Victoria. The Medical Journal of Australia, 2(1), 8–10. https://doi.org/10.5694/j.1326-5377.1952.tb109167.x
Mwintome, Agana, J. A., & Zamore, S. (2024). Audit partner attributes and key audit matters readability. Journal of Applied Accounting Research, 25(3), 623–649. https://doi.org/10.1108/JAAR-01-2023-0009
Myers, Myers, L. A., & Omer, T. C. (2003). Exploring the term of the auditor-client relationship and the quality of earn ... The Accounting Review, 78(3), 779–799.
Novrilia, Indra Arza, F., & Fitria Sari, V. (2019). Pengaruh Fee Audit, Audit Tenure, dan Reputasi KAP Terhadap Kualitas Audit. Jurnal Eksplorasi Akuntansi, 1(1), 256–276. http://jea.ppj.unp.ac.id/index.php/jea/issue/view/2
Nugroho. (2024). China dendan PWC Rp956 miliar akibat terlibat penipuan audit Evergrande. Bisnis.Com. https://ekonomi.bisnis.com/read/20240914/620/1799657/china-denda-pwc-rp956-miliar-akibat-terlibat-penipuan-audit-evergrande
Purnamasari, & Umiyati, I. (2024). Greenwashing and financial performance of firms: the moderating role of internal audit quality and digital technologies. Cogent Business and Management, 11(1). https://doi.org/10.1080/23311975.2024.2404236
Rachma Dwiandari, & Widodo Mardijuwono, A. (2020). Abnormal Audit Fee, Audit Tenure, and Audit Quality. In International Journal of Innovation, Creativity and Change. www.ijicc.net (Vol. 13). www.ijicc.net
Rahmina, & Agoes, S. (2014). Influence of Auditor Independence, Audit Tenure, and Audit Fee on Audit Quality of Members of Capital Market Accountant Forum in Indonesia. Procedia - Social and Behavioral Sciences, 164, 324–331. https://doi.org/10.1016/j.sbspro.2014.11.083
Rizkiani & Nurbaiti. (2019). Pengaruh Audit Tenure, Ukuran Perusahaan, Spesialisasi Auditor Dan Leverage Terhadap Kualitas Audit (Studi Pada Perusahaan Infrastuktur, Utilitas Dan Transportasi Yang Terdaftar Di BURSA EFEK INDONESIA Tahun 2013-2017. Jurnal Akuntansi, 53(9), 1689–1699.
Setiawan. (2022). Tinjauan Kualitas Audit Selama Masa Pandemi Covid-19. Jurnal Akuntansi, 2(6), 115–126.
Setiawan. (2024). Kasus Timah Bikin RI Boncos Rp 271 Triliun? Ini Penjelasan ESDM. CNBC Indonesia.
Shafira, & Keristin, U. (2022). Pengaruh Ukuran Perusahaan, Abnormal Audit Fee, Dan Audit Tenure Terhadap Kualitas Audit (Studi Pada Perusahaan Property dan Real Estate yang Terdaftar Di Bursa Efek Indonesia (BEI) Tahun 2018-2020). Publikasi Riset Mahasiswa Akuntansi, 3(2), 101–110. https://doi.org/10.35957/prima.v3i2.2489
Shamsuddin. (2020). Impact Of Key Audit Matters (Kams) Disclosure On Audit Quality: Malaysian Perspective. 67–72. https://doi.org/10.15405/epsbs.2020.12.05.8
Sidhi, B. A. D. M. , & Wirakusuma, M. G. (2015). Pengaruh Ukuran Perusahaan, Tingkat Penjualan Perusahaan, Dan Reputasi Kap Pada Pergantian Kap. E-Jurnal Akuntansi, 13(3), 723–736.
Sierra-García, Gambetta, N., García-Benau, M. A., & Orta-Pérez, M. (2019). Understanding the determinants of the magnitude of entity-level risk and account-level risk key audit matters: The case of the United Kingdom. British Accounting Review, 51(3), 227–240. https://doi.org/10.1016/j.bar.2019.02.004
Sirois, Bédard, J., & Bera, P. (2018). The informational value of key audit matters in the auditor’s report: Evidence from an eye-tracking study. Accounting Horizons, 32(2), 141–162. https://doi.org/10.2308/acch-52047
Sofia, Nelly, R., Apandi, N., & Kunci, K. (2018). Analysis of Public Accounting Firm Services and Audit Quality with Structure Conduct Performance Approach in Indonesia Capital Market. Jurnal Riset Akuntansi Dan Keuangan. Program Studi Akuntansi. Fakultas Pendidikan Ekonomi Dan Bisnis Universitas Pendidikan Indonesia, 6(1), 147–154. https://doi.org/10.17509/jrak.v6i1.13697
Stanley, Brandon, D. M., & McMillan, J. J. (2015). Does lowballing impair audit quality? Evidence from client accruals surrounding analyst forecasts. Journal of Accounting and Public Policy, 34(6), 625–645. https://doi.org/10.1016/j.jaccpubpol.2015.05.007
Suryani, Winarningsih, S., Avianti, I., Sofia, P., & Dewi, N. (2023a). Does Audit Firm Size and Audit Tenure Influence Fraudulent Financial Statements? Australasian Accounting, Business and Finance Journal, 17(2), 26–37. https://doi.org/10.14453/aabfj.v17i2.03
Suryani, Winarningsih, S., Avianti, I., Sofia, P., & Dewi, N. (2023b). Does Audit Firm Size and Audit Tenure Influence Fraudulent Financial Statements? Australasian Accounting, Business and Finance Journal, 17(2), 26–37. https://doi.org/10.14453/aabfj.v17i2.03
Suttipun. (2021). Impact of key audit matters (KAMs) reporting on audit quality: evidence from Thailand. Journal of Applied Accounting Research, 22(5), 869–882. https://doi.org/10.1108/JAAR-10-2020-0210
Van Johnson, Khurana, I. K., & Reynolds, J. K. (2002). Audit-Firm Tenure and the Quality of Financial Reports. Contemporary Accounting Research, 19(4), 637–660. https://doi.org/10.1506/LLTH-JXQV-8CEW-8MXD
Wicaksono, & Purwanto, A. (2021). Pengauh Audit Tenure. Rotasi KAP, Ukuran KAP, dan Spesialisasi Industri Auditor Terhadap Kualitas Audit. Diponegoro Journal of Accounting, 10(2), 1–15.
Yoga, & Dinarjito, A. (2021). The Impact Of Key Audit Matters Disclosure On Communicative Value Of The Auditor’s Report: A Systematic Literature Review. Jurnal Akuntansi Dan Keuangan Indonesia, 18(1), 15–32. https://doi.org/10.21002/jaki.2021.02
Downloads
Published
How to Cite
Issue
Section
Citation Check
License
Copyright (c) 2025 Elly Suryani, Dimas Hafizh Gunawan
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. In line with the license, authors are allowed to share and adapt the material. In addition, the material must be given appropriate credit, provided with a link to the license, and indicated if changes were made. If authors remix, transform or build upon the material, authors must distribute their contributions under the same license as the original.
