An Empirical Study On Correcting Public Noties Of Annual Report And Audit Fee From Listed Company

The information can reflect the operationg of listed companies, which was disclosed by listed companies. And the informaotion is a basis for investor making decisions. When the companier repaoted the correcting public notes of annulai report, the means the annual report is deficient. More importantly,it’s may the intentional acts of the managers of listed companies. But in both cases, the report reduced the quality of accounting information diclosure. Certified pub;ic accountants as sn external audit, can improve timeliness and adequacy of disclosure accounting information, and it play a positive role in enhance the efficiency of the governance of listed companies. Certified public accountant taken measures and methods to reduce the risk which from correcting public notes of annual report, will eventually be reflected in the audit fees.The article is analysis the annual correcting notice from2007-2009. Not only analyzed the report’s reasons, but also the relationship between correcting report and audit fees. And division of the correcting report for "previous","current’’"after" three time points. Audit fees’natual as explained variable. Restatel and Restate2as the explaining variable. The natural logarithm of assets, asset-liability ratio, current tatio. accounts receivable/total assets, the audit opinion type, hether change the accounting firm as the control variable.This article is divided into six parts. The first part of the introduction the research background and literature review. The second and third part is the theoretical part, introduce the correcting notice and overview of the audit fees. Part foue and five the emprical research in this article, the sample selection, assuming that the proposed modle and empirical results. Part six for the results of the corresponding recommendations.The main contribution of this paper is to:①For futher annalysis and summary of relevant literature and theory, to provide a richer theoretical foundation for relating research.②Through the empirical analysis to investigate the correcting notices of audit fees, and to promote the study of the influence factors of audit fees.The inadequacies of this article:①The occurrence of the correcting notice of audit fees only carried out a longitudinal comparison, there is no horizontal comparison.②There might be some impact for the conclusion, because some company information disclosure is not complete, needing some subjective judgment.③Cost,inflation and other market factor not considered in the analysis of audit fees.