Research On The Impact Of The Abnormal Audit Fees On CPA Audit Quality

In the economic market,based on the principal-agent theory,the role of the CPA's third-party audit system can not be ignored.The audit system is aimed at strengthening the authenticity of the financial information of the audited entity,improving the information disclosure system,ensuring the fairness and fairness of the market economy,Promote the healthy development of the market economy has a very critical role in promoting.However,with the failure of China's emerging audit failure reflects the quality of China's CPA audit there is a big flaw.In the influential factors of audit quality,"abnormal audit fees" gradually attracted the attention of scholars,in recent years,the relevant literature has become a research hotspot.In order to monitor the business of the enterprise to protect the interests of stakeholders,and in order to encourage certified public accountants to provide effective supervision services,audit fees to develop the rationality of the problem.Abnormal audit fees are highlighted in the relevant research areas mainly due to the following reasons: On the one hand,in the audit system,corporate decision-makers in the audit report is not conducive to meet their own interests when the high purchase of audit opinions for financial fraud,resulting in audit failure;On the other hand,in the face of increasingly fierce competition in the industry,low audit fees is a general trend,in order to make up for the loss of low audit fees,certified public accountants and accounting firms to reduce the proper audit procedures to save the audit Time and labor costs,affecting the quality of the audit.Therefore,the focus of this paper is the impact of abnormal audit fees on the audit quality of listed companies in China.Based on the principal-agent theory,the theory of economic man supposition and cost-benefit theory as the foundation of analysis,put forward three hypotheses,in 2013-2015 a-share listed companies as samples to carry on the systematic empirical analysis of financial data.In this paper,the empirical part mainly has two points,one is using the method of multiple regression model,analyzed the influence of the abnormal audit fees on audit quality,which makes an empirical analysis on the abnormal audit fees for both the overall,and also analyzes its sample respectively;Second,the proposal of regulating audit fees is put forward based on the empirical conclusion.The results show that there is a negative correlation between the abnormal audit fees and the audit quality for all the financial sample data(the absolute value of the data is taken).However,in the case of considering the direction of the abnormal audit fees,the abnormal audit fees and the audit quality Negative correlation and significant relationship,and negative abnormal audit fees on the audit quality does not have a significant impact,indicating that it does not damage the quality of the audit.Therefore,this paper points out that the accounting firm should use the audit pricing model to standardize the audit pricing standard,effectively curb the formation of positive abnormal audit fees and reasonably maintain the degree of attention to negative abnormal audit fees,To achieve the purpose of standardizing the audit fees of the accounting firms and improving the audit quality of the audited units.