The Correlation Research Between Safety Information Disclosure And Audit Fees Based On High-risk Industry

Safety is the most basic needs for human production and living, in the 21 st century, the quality of people’s life has been improved significantly, more and more people have paid much attention to work safety. But now the security degree of enterprise employees is not enough in the production process, the number of safety accident of high-risk industry in our country still remains high. The government is concerned about the production safety, because once the accident happens, not only endanger the personal safety of working staff, but also it will cause very bad social influence. In response to security incidents, in recent years our country has issued many regulations, to make the enterprise security information disclosure norms. Perfect security accounting information disclosure system is helpful for the stakeholders to supervise the enterprise safety production, it can improve the enterprise production safety situation and protect the personal safety of working staff, and then major property damage can be avoided. The factors affecting audit fees has been the research question for a long time. Audit fees of high-risk industry has its particularity, because it involves the safe production problems, so the auditors should spend more energy to focus on its security problems, therefore the high risk industry safety information disclosure level has a great influence on audit fees.Firstly, the relevant literatures about security information disclosure and audit fees are summarized and reviewed; Secondly, many relevant theories are cited, such as the theory of information disclosure and audit fees; Thirdly, the current situation of security information disclosure in the high-risk industry is analyzed. On the basis of it, according to the three years data from 2012-2014 of China’s Shanghai and Shenzhen listed companies in high-risk industry, the current situation of security information disclosure is analyzed. The natural logarithm of audit fees is taken as explained variables, and the safety accounting information disclosure level is taken as explanatory variables, the impact of safety accounting information disclosure level on audit fees is researched by using classical audit fee model. According to the descriptive statistics, the development trend of safety information disclosure is analyzed. The influence of the information disclosure on audit fees is explored, and the suggestions to improve the quality of information disclosure are raised. Finally, the limitations of the research and the prospect for further research are pointed out.