An Empirical Study On The Effect Of Audit Committee Independence On Audit Fees Of Listed Companies

As an important part of the corporate governance structure, the audit committee has also been much more attention. As the "representative" of the shareholders in listed company, the audit committee has responsibility and authority to take charge of the company's financial management. And the audit committee also has choice to recommend and evaluate of external audit institutions. The audit committee should be responsible for the listed company's financial information quality and disclosure quality.Domestic and foreign scholars are paid close attention to the audit committee the important role in corporate governance. The audit committee of the establishment and management efficiency improving the quality of the financial information, and the audit committee of many of the features on the corporate governance and financial performance, the quality of the influence of audit quality, scholars had a great deal of research accumulation. This paper based on previous studies and hope makes more accurate description of this relationship, which the audit committee of the influence of independent audit charges, this is a specific details. Thesis mainly divided into the following several parts:The first part, Reviewed scholars to the audit committee and audit charge research conclusion. Previous scholars of abundant research achievements; this is the basis of study and support. Literature reviews scholars from different angles on the audit committee and audit charge analysis, also include the audit committee and audit charge mutual influence relations.The second part, through theoretical analysis and put forward hypothesis. This paper mainly is the theoretical basis of corporate governance theory and system participants'theory. In corporate governance theory, audit committee is a supplementary contract to solve the principal-agent contradictions. It exists as the "representative" of the shareholders within the listed company, supervises the managers and the financial information, and improves the corporate governance efficiency and financial information quality. While, the audit committee will have higher requirements for external audit quality and correspondingly improve audit charge in order to better fulfill shareholders.It also has the right to selection, recommend and hire the external audit institutions. The audit committee has a variety of ways to control the independent auditors, such as litigation and change audit charge and so on. They can ensure the auditing quality to meet the requirements of the shareholders and investors. The independent auditors will through improving audit fee and audit quality in response to the audit committee demands.The third part is the conclusion. Through the SPSS empirically analyzed for data, the final results show that the independence of audit committee in a certain extent improves audit fee and audit quality. Among them, the listed company board independence characteristics, the audit committee of the independent directors proportion and the independent directors convener identity to audit committee independence of a positive correlation; The audit committee of the independent director's average tenure and the average allowance could harm its independence, high on audit fee had a negative effect on relationships.