The purpose of this paper is to examine the association between female audit committee representation and audit fees, taking into account their demographic attributes.,Research hypotheses have been tested by performing both univariate and multivariate analyses based on a sample of 790 firm-year observations from Swedish listed firms, spanning the period 2013-2017.,Initial finding derived from the empirical analyses provides consistent evidence of a positive association between female audit committee representation and audit fees. Controlling for self-selection bias, this finding holds unchanged. Therefore, female directors are voluntarily appointed to the companies audit committees. Including demographic attributes of women directors sitting in audit committees in the audit fees, models show that increased audit fees is driven by the level of female directors’ professional experience rather than their mere representation. Results from supplementary analysis document that the positive relationship between female audit committee representation and audit fees is more pronounced when the partner in charge of the audit engagement is a female, indicating that women presence on both the demand and supply-side of audit pricing enhance audit quality more importantly than when women are present on only the demand-side position of audit fees.,This study extends beyond recently published literature on the relation between audit committee gender-diversity and audit fees by offering a novel insight on demographic attributes of female directors enabling them to demand higher quality audits, as reflected by increased audit fees.

中文翻译：

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女审计委员会董事职务和审计费用

本文旨在研究女性审计委员会代表与审计费用之间的关联，并考虑其人口统计学特征。研究假设已通过基于790个公司-年观察值的样本进行单变量和多变量分析而得到检验。瑞典上市公司的时间跨度为2013年至2017年。从实证分析得出的初步发现为女性审计委员会代表与审计费用之间的正相关性提供了一致的证据。控制自我选择偏见，这一发现保持不变。因此，女性董事是自愿任命为公司审计委员会成员的。在审核费用中包括坐在审核委员会中的女董事的人口统计特征，模型显示，增加的审计费用是由女性董事的专业经验水平驱动的，而不是女性代表的水平。补充分析文件的结果表明，当负责审计工作的合伙人是女性时，女性审计委员会代表与审计费用之间的正相关关系就更加明显，这表明在审计定价的需求方和供给方中女性的存在增强了审计相比于仅在审计费用的需求方职位上存在女性而言，质量更为重要。这项研究超越了最近发表的有关审计委员会性别多样性与审计费用之间关系的文献，它提供了关于女性董事的人口属性的新颖见解。使他们能够要求更高质量的审计，这体现在审计费用的增加上。