The Study On The Initiative Auditor Changes Of Chinese Listed Companies

As a special case in auditor choice, auditor changes have increased year by year. In the west, research on auditor changes has a history of over 40 years and has achieved comprehensive achievements. While in china, the auditing of the security market starts much later and the study of the auditor changes has begun since 2000.Relevant data indicates that there are an increasing number of listed companies that change their auditors in recent years. It includes not only normal change but also abnormal change for good audit opinions and tries to prettify their financial statements. At the same time, a lot of problems of the listed company are hidden down too. It is possible that the quality of audit should be knocked-down and the independence of auditors should be affected. Therefore, the result of study contributes to analysis of the characteristics of the auditing market and to provide foundations for the securities market's participants' decision-making. It is helpful for the securities supervise department to take effective measures to administrate the auditor changes which may affect the auditor independence.This paper tries to research on the information announcing and the main influence factors of the initiative changes of Chinese listed companies in the year of 2002-2004. The conclusions base on theories and empirical analysis. The first part expounds the background and the method of this paper; The second part is the...