Study On Influence Factors Of Audit Fee Of Cross-listing Corporations

To a certain extent, because the audit fee can improve accounting firms’audit quality, ensure the effectiveness of the audit market operations and play a very important role to ensure the effectiveness of the financial statements information, therefore, research on audit costs has always been a core area in the auditing reserch field. Since Simunic proposed audit fee pricing model in 1980, researches on audit costs emerge very frequently. However, most of the researches are limited to a single listed company and auditing market. Especially in China, researches on audit fee mainly stand A-share listed company’s perspective, while the cross-company audit fee of listed issues study is also rare.In 2010, the mainland audit firms were allowed to work in the H shares in our country, to the oligopolistic H shares international "big four" audit market, is undoubtedly a major shock. In under the influence of the policy system of today, we study the cross-listing companies audit fees, on the one hand, can be clear after the introduction of the policy of our country under the influence of A+H office of audit market structure changes, on the other hand, can also provide current audit charge more perfect theoretical guidance, also can to some extent for the securities regulators provide empirical evidence for the relevant regulatory measures. In reference on the basis of predecessors’research results, this paper adopts A+H share cross-listings special samples, from the international "big four" hired, the same group and the analysis of the equity structure of the three angles of cross-listing in the special market under the audit fees of listed companies. In the aspect of control variables, this article selects the scale, the management of a company’s financial risk from the company, firm changes, firm issued audit opinion type selection variable factors on the model for empirical research.This article selects the AH cross audit fees of listed companies during 2010-2010 data, using the least square method to international "big four" the inspection of the audit fee and regression analysis, mainly draws the following conclusions:(1) in the same group office under the audit of lower cross the audit fees of listed companies, that exist in the cross-listing audit market economies of scope, can save the audit cost to a certain extent, reduce the waste of audit resources; (2) and at the same time, the appointment of the "big four" accounting firms cross higher audit fees of listed companies, in international "big four" cross-listings audit market is still there on the scale and reputation of advantages, the local firm to become bigger and stronger to provide a more clear direction; (3) equity concentration, the higher the cross the audit fees of listed companies is higher. This is from A+H company state-owned properties. The research conclusion is also A+H audit market in China to further promote the reform of equity division provides certain reference and reference. In this paper, the research results to some extent, can enrich the content of research on cross-listings audit fees, and at the same time for both optimal allocation of audit market audit resources, improving the efficiency of the market to provide certain reference function.