The Relevance Of Empirical Study On The Determinants Of Audit Fee In Our Listed Companies

In 1980s, American scholars began to pay attention to questions about audit fees in securities market. Their studies included normative research and empirical research, their conclusions have enriched Audit Theory and offered empirical evidence for the supervision department to make supervision measures. In 2001,Chinese listed companies were required to disclose their audit fees in annual reports for the first time. In Dec.2001, China Securities Regulatory Commission Released <Question airy NO. 6 on information disclosure of CPA firms> and <Principal N0.2 on contents and styles of information disclosure in companies issue securities publicly-contents and styles of annual reports>have provided us the policy support to obtains the public audit fee, also provided the good opportunity to do effective research about the audit fee.This text is on the basis of drawing the western literature, Uses annual report audit fee data which publicly disclosed, makes an Empirical Study of the determinants of audit fees in the Shanghai A Stock market. And puts forward certain proposals. After collecting the audit fees data of 1351 sample companies from 2009 annual reports, through revision the western audit fee model, we set up the multiple linear regression model of audit fees suitable for our country and relevant influence factor, We have a descriptive statistics and a multiple linear regression about the audit fees in 2009. The result is follows: (1) The scale of the listed company's assets is the first big factor affect the audit fee, Regardless of all the industries,manufacturing,the real estate,IT and wholesale and retail trade, it is to be remarkable with the audit fee;(2)The number of subsidiary is the second big factor affect the audit fee.The more?subsidiary merged into the scope of its listed companies, the more its audit fees will be higher.