The Research On Determinants Of Audit Pricing For Chinese Listed Companies

Audit pricing or audit fee is a very important topic in the audit research. Accounting firm provides audit service and listed company purchase it, which is completed by the sufficient mutual choice of two sides (the buyer and the seller) on the base of market system. At present, our country's audit market is imperfect and independent need for high-quality audit service is insufficient, which is mainly caused by supervision of related government control organization, what's more, Audit pricing is not market-oriented pricing system, the problem, such as low price competition and high piece for intended audit opinion makes directly adverse influence on audit quality. Thus, the research on influential factor of auditing pricing plays a very important role in the regulation of audit market of our country.From 1980s in the 20th century, when SEC required audit fee exposed, western scholars have made many research on the topics related to the audit market and audit fee. In 2001, listed company is required expose audit fee for the first time. The secrecy of CPA's reward is turned to be open. This essay is designed to make an overall positive research into the influential factors of audit pricing by experimental data of listed company, and also combined by law environment and market development degree as the variables, Based on the review of related document and theory analysis of influential factors of auditing pricing. The results show that there is close positive correlation between audit pricing and the size of listed company, complexity, accounting firm, audit risk, law environment.; but audit opinion about financial report and change of CPAs have insignificant influence on audit pricing. Then, these two variables are discussed furthermore in this essay, but the possible result that change of CPAs may lead to low price competition of new ones doesn't happen. The listed company has significant purchase intention of wanted audit opinion and may have some influence on the act of increase audit fee. After research, we put forward the relative policy advice.