Liquidity Risk、Audit Risk And Audit Pricing

It is no doubt that the governance and control of liquidity risk become more andmore important during the revolution of commercial bank supervision after thefinancial crisis. China Banking Regulatory Commission (CBRC) issued “Theguidelines of Commercial bank liquidity risk management” on29th September2009.CBRC published “The guidance of China’s banking sector to implement newregulatory standards” on3rd May2011. CBRC decreed “The approaches ofCommercial bank liquidity risk management”. Issuing a series of documents on aspectof commercial banks’ supervision represents that the management on commercialbank liquidity risk has stepped into a serious and detailed stage. Since theimplementation of now and future’s different governance standards dominates bankauditing, changes on the standards of liquidity risk governance will influence bankauditing on every aspect. Auditing pricing, as an important connection betweencustomers and accounting companies, could reflect these changes. It could beobserved whether accountants have been focused on standards of risk governancethrough doing research on the examination of relationship between liquidity risk andauditing pricing. This is meaningful to bank auditing.This paper analyzes the pricing strategy management audit risk-based auditmode, liquidity risk regulatory standards proposed changes lead to changes in auditpricing and regulatory indicators deposit ratio, liquidity ratio of commercial bankslisted three specific liquidity risk under and the impact of the liquidity coverage ratioof audit pricing conduct a detailed analysis and proposed hypothesis. In order toverify the validity of these assumptions, the paper chooses annual data2008-201316listed commercial banks as a sample, by drawing2006CBRC promulgated the"Commercial bank risk supervision core indicators (Trial)" peculiar risk ofcommercial banks control, the regression model was constructed in this paper, as aresult of regulatory indicators between different categories of mutual overlap, by thearguments of the correlation test to determine there is no serious multicollinearitybetween the independent variables after linear, for goodness of fit of the model isanalyzed, obtained between the variables and independent variables because there is agood linear relationship between the use of two-stage least squares regression tomodel and analyze and draw conclusions do empirical analysis the robustness test. The research shows that the RMB deposit ratio and liquidity coverage with auditthere is a significant correlation between the price that the RMB deposit ratio, thelower liquidity for commercial banks in terms of coverage, the higher audit fees, theforeign currency deposit ratio, liquidity ratio of RMB and foreign currency liquidityratio of audit fees for influence does not exist, suggesting that the focus of the CPAaudit areas for commercial banks put emphasis on the direction of the regulatoryagencies, and put more audit resources. According to the above conclusion, webelieve that, first, to strengthen the CPA’s legal responsibility to effectively achievehigh standards of audit quality, maintaining the order of the audit market; second,improve the regulatory system is to achieve commercial bank liquidity riskmanagement of construction of legal protection; third, and effectively improvecommercial banks’ liquidity risk management is fundamental to achieve the bank’srisk management.