Research On Audit Fees: Empirical Evidence From Open-ended Funds

The audit charge of the independent audit mechanism in the concrete movement process is important link, is the accounting firm income origin and the auditor reward foundation. It has the close relation with the accounting firm market competition behavior and the audit disciple of a master behavior. The thorough research and the standard audit charge behavior will lead the enterprise regarding the audit quality enhancement with the development of our country to have the significant theory and the practice significance.Abroad the research on the audit fees, it has been more than 20 years of history, and achieved fruitful results. Simunic(1980) audit fees from the start, through the establishment of empirical model investigated eight accounting firms than other firms charge higher audit costs. 2001 Chinese scholars in the previous audit fees and audit quality, the independence of the most normative research stage. December 24, 2001 the China Securities Authority will be issuing a "public offering of securities of companies standardize information disclosure quiz 6 "require listed companies from the beginning of the 2001 annual report of the disclosure of payments to the accounting firm paid. At this point, our audit fees on empirical research have been gradually increasing. But the research of factors of audit fee focus on public company,the paper will carry on research on the data of open-ended fund.The aim of research of audit fee is for researching audit quality.Therefore, we first analyzed in the boyi relationship of audit fee and audit quality to improve audit quality and important roles.Aggregate subsequent comments of audit fee, based on our current audit market characteristics, screening out a number of possible decisions and the impact of China's audit fees, Construction and its audit fees with the multiple linear regression model, in 2006 in open-ended studied, the audit fees for in-depth study. We find the scale of fund and the ratio of stock to net value and bonds to net value have significant impaction on audit fee.