Political Connection,external Supervision And Audit Fees

In recent years,with the rapid development of China's economic market,external supervision has become increasingly strict.Since the 18 th National Congress of the Communist Party of China,the CPC Central Committee has attached great importance to the construction of a clean and honest government and the fight against corruption,and proposed to build a new type of Pro Qing government enterprise relationship.The report of the 19 th National Congress of the Communist Party of China formally wrote the ecological concept of "green water and green mountains are golden mountains and silver mountains" into the party constitution,which put forward higher requirements for the fight against pollution.Audit fees are closely related to audit practice costs and external risk factors.As an informal supervision medium,the media can effectively play the role of information dissemination and external supervision.As a formal supervision mechanism,the law can regulate market behavior and play a role of constraint and guidance.All of the above factors will bring different degrees of external risk impact to market subjects.At present,China's audit market is not mature,audit fees lack of a unified standard,there are a series of irregularities such as asking prices,soliciting customers at low prices,vicious competition,etc.According to the summary of the academic audit fees,there is no literature on the research of political connection and media supervision on audit pricing.At this stage,the research on the audit cost by supplementing the nature of enterprise property rights and external supervision system is closely related to the current situation,which is of positive significance for promoting the steady development of audit market or broadening the research field of audit cost.Based on the above comprehensive background,this paper takes 2014-2018 resource enterprises with high consumption and high pollution as the research sample,uses the methods of literature research and empirical analysis to study the impact of political relevance and external supervision variables on audit fees,and on this basis,explores whether the external supervision system including media attention and legal system can affect political relevance and audit fees The relationship between them plays a positive regulatory role.Among them,the political relevance of enterprises is collected manually through the background information table of senior executives in tonghuashun database,the negative media reports are obtained manually through the financial database of colleges and universities,the legal environment is based on the market-oriented index of the auditee's region,and other data are from guotai'an database.The empirical study found that in the resource sample enterprises,political relevance and audit pricing are significantly positively correlated;negative media reports and increasingly strict legal system have a significant positive impact on audit fees of resource enterprises;two variables of external supervision will play a positive role in regulating the relationship between political relevance and audit pricing.The research results of this paper can expand the range of influencing factors of audit fees from the theoretical level,and provide certain reference value for enterprises to strengthen their own risk management and control,accounting firms to comprehensively determine audit fees,and regulatory departments to standardize audit fees market standards.