Ilias G. Basioudis

Ilias G. Basioudis
Aston University · Finance and Accounting Group

PhD of Auditing from Warwick University

About

41
Publications
11,455
Reads
How we measure 'reads'
A 'read' is counted each time someone views a publication summary (such as the title, abstract, and list of authors), clicks on a figure, or views or downloads the full-text. Learn more
546
Citations
Introduction
Skills and Expertise

Publications

Publications (41)
Article
The pricing of Big 4 industry leadership is examined for a sample of U.K. publicly-listed companies, and adds to the evidence from the Australian and U.S. audit markets that city-specific industry leadership commands a fee premium. There is a significant fee premium for city-specific industry leaders relative to other Big 4 auditors, but no evidenc...
Article
The accounting profession has come under increased scrutiny over recent years about the growing number of non-audit fees received from audit clients and the possible negative impact of such fees on auditor independence. The argument advanced is that providing substantial amounts of non-audit services to clients may make it more likely that auditors...
Article
The issue of auditors impairing their independence when providing non-audit services (NAS) to audit clients continues to be subject of global regulatory concern. However, the profession has long argued that knowledge gained from providing NAS can spill over to other areas and can serve to improve audit quality. Accordingly, we revisit the effect th...
Article
Full-text available
In this study, we examine for the first time in the UK, the effects of the Big 4 audit firms’ national (firm-level) and city-office (office-level) industry specialization on audit quality. Based on public firms listed on the London Stock Exchange (LSE), we find that clients of the Big 4 joint national and city-level auditor industry specialists hav...
Article
This study investigates the effects of audit partner industry specialization on audit pricing in the UK market. The mandatory disclosure of the name of the engagement partner in the auditor reports of UK public listed companies took effect from April 2008. Given that the identity of the audit partner is now observable to users of financial statemen...
Article
Cultural diversity within accounting university classrooms creates a number of educational challenges that have been little investigated. This study draws on the theoretical framework of cultural intelligence (CQ), which is new to accounting research, to enhance understanding of the intercultural capabilities of accounting academics. CQ is comprise...
Article
The global financial crisis (GFC) had little effect on audit practices in Australia, as the country was largely sheltered from the GFC. The UK and Europe, which had experienced significant reforms to audit, were not sheltered from the GFC and regulators and law makers were pressured to take further action. The key UK and European audit reforms incl...
Article
Full-text available
This study investigates the relationship between Big 4 auditor industry specialization and audit pricing in the UK in a period of many changes having taken place in the market for audit services. Using a large dataset between 2004 and 2011, our empirical results show a significantly higher fee premium for the Big 4 firms who are national industry l...
Technical Report
Full-text available
Available here: https://www.icas.com/__data/assets/pdf_file/0010/239455/Skills-competencies-and-the-Sustainability-of-modern-audit.pdf In 2013 ICAS and the UK Financial Reporting Council (FRC) commissioned two international teams of researchers to undertake studies to investigate what mix of attributes, competencies, professional skills and qualit...
Article
Full-text available
The International Accounting Education Standards Board (IAESB) places a strong emphasis on individual professionals taking responsibility for their Continuing Professional Development (CPD). On the other hand, the roles performed by professional accountants have evolved out of practical necessity to ‘best’ suit the diverse needs of business in a gl...
Article
Full-text available
Purpose The purpose of this study is to investigate student perceptions of the design features included in an “off the shelf” Learning Management System (LMS) in teaching undergraduate accounting students. Design/methodology/approach Questionnaire responses from 846 accounting students studying in the UK, Australia and New Zealand provide internat...
Article
We examine whether high non-audit fees and auditor tenure jointly affect auditors’ propensity to issue going concern (GC) modified audit opinions, after controlling for auditor tenure. Using U.S. data from 2000 to 2009, we find that the relationship between non-audit fees and auditors’ propensity to issue GC modified audit opinions is negative and...
Article
The impact and use of information and communication technology on learning outcomes for accounting students is not well understood. This study investigates the impact of design features of Blackboard1 used as a Web-based Learning Environment (WBLE) in teaching undergraduate accounting students. Specifically, this investigation reports on a number o...
Article
This study explores the effect of the association of audit firm alumni with their "alma mater" on audit prices. The tests indicate that there is a moderate reduction of up to 21% in the level of audit fee when alumni (i.e., former employees) of the incumbent audit firm sit on the client board of directors which is consistent with the engagement ris...
Article
Manipulating, or “managing,” reported earnings is a temptation faced by every accountant and corporation around the world. This study investigates whether national culture influences perceptions of the acceptability of earnings management. Participants from eight countries evaluated 13 vignettes describing various earnings management practices (Mer...
Article
The NHS audit market is regulated by the Audit Commission (AC) and has unique features. We develop a model for audit fees that includes rigorous analysis of the type of auditor. Poor financial standing does not give rise to higher audit fees. Despite regulation the study supports the existence of a Big Five price premium on the audit fee, but only...
Article
In the National Health Service (NHS) in England and Wales an oversight body, the Audit Commission (AC), defines the scope of the external auditors’ work, appoints the auditors and has oversight of their fees and audit quality. This heavily regulated audit regime mitigates some of the deficiencies observed in high profile corporate failures.Independ...
Article
This paper reports the results of a study which investigates the market for professional services in Indonesia, a country which has not been investigated in the by audit fee literature prior. A well-developed research model used in the prior literature has also been applied in this study, and the empirical findings suggest broad similarities in the...
Article
Full-text available
Pope, Aasmund Eilifsen, and three anonymous reviewers are also acknowledged.

Network

Cited By

Projects

Project (1)
Project
The projects investigates what mix of attributes, competencies, professional skills and qualities need to be combined in an audit team in order for it to perform a high quality public interest audit in a modern and complex global business environment.