The Correlation Studies Of Chinese Listed Companies Audit Fee And Audit Quality

In the present market situation,the main stakeholders of listed company's financial statements issued by the company to understand the company's financial situation and business performance.Due to the direct relationship to the stakeholders can make the right choice,reliable,timely and accurate financial reports is essential.But in recent years,even in the company law stipulates clearly the company's financial statements shall be certified by certified public accountants audit under the premise of the listed company's fraud case still happen.This phenomenon indicates that the accounting information of listed companies may be the risk of material misstatement,then information users in the use of information when there is a big potential risk,long-term in the past,will lead to the related users question the financial data of listed company public.Therefore,to explore the correlation of audit fee and audit quality of listed companies is of great significance.As the key point to explore the answer of the listed company what correlation between audit fee and audit quality,this article first introduces the research background and practical significance of the two,reviews the existing research results,including the principal-agent theory,asymmetric information theory,audit pricing theory of the three theory,under the support of audit quality as the dependent variable,build regression model,the domestic listed companies audit fee and audit quality correlation empirical test.Final paper according to the results of theoretical and empirical analysis,put forward the improvement of the targeted Suggestions.Article selected 621 financial restatement announcement of listed companies as samples,to explore the correlation between audit fee and audit quality.Through theoretical research and empirical test,finally get the results of the study: 1,the reasonable area,normal audit fee to ascend,improve audit quality.If the higher normal audit fee in the reasonable scope,make up for the cost of certified public accountants,have more money to complete the audit job more detailed,can spend the audit time,fully implement the audit procedures necessary to objectively to ensure the audit quality.2,abnormal audit fees,the abnormal audit fees,audit quality is poor.Audit fee is audit unit of the main business income.Abnormal audit fees directly affect the independence of audit and the audit process is fully implemented.If abnormal audit fees on the high side,is likely to be formed the audit opinion to buy.If abnormal low audit fees,could force to reduce audit process,audit time compression.In both cases can cause audit quality is difficult to guarantee.Therefore,in view of thenormal audit fee,positive abnormal negative abnormal audit fees,audit fees,respectively,puts forward the setting of the third party audit charge regulator,cultivating brand audit unit,reform the audit fee model,in violation of the auditor,guide the differential operation,enhancing audit units,competitiveness of the rationalization proposal.