A Research On The Influence Of Internal Control Quality On Internal Control Audit Fees Of Listed Companies

Since 2010.listed companies have been forced to carry out internal control audits.Therefore,any unit that entrusts an accounting firm to carry out internal control audits will inevitably incur costs related to the internal control audit process of the audited unit and the certified public accountant.This cost is actually a link of interests between the two.Reasonable internal control audit fees can not only reduce the operating costs of the audited unit,but also ensure the reasonable income of the accounting firm so as to achieve a win-win situation.Not only that.the pricing side of the fee can also show the relationship between supply and demand in the market,and its level can also show the general level of development in China's audit market and the deficiencies that can be improved and repaired.However,there are many factors that affect the internal control audit fees,including the internal control quality of listed companies.High-quality internal control quality can reduce internal control defects,audit risks and audit fees.However,in order to explore and perfect the pricing of internal control audit fees,it is necessary to put them in different existing environments in order to give them full practical value.Therefore,this paper takes A-share main board listed companies from 2012 to 2017 as the research objectempirically studies the impact of internal control quality on internal control audit fees,and on this basis,respectively discusses the differences between different internal and external environments,i.e.the internal property right system and the degree of product competition in the external market.This paper reviews the related research on internal control quality,internal control audit and internal control audit fees,theoretically analyzes the influence of internal control quality on internal control audit fees,and puts forward assumptions based on this.In this paper,supply and demand theory,information transmission theory and competition theory are taken as the basis of this stud.Through data collation and calculation,it is found that:(1)under the same other conditions,the higher the quality of internal control,the lower the audit fees of internal control.After introducing the nature of property rights and the degree of competition in the product market,it is found that:(2)when other control conditions remain unchanged,the state-owned listed enterprises will weaken the negative correlation between the quality of internal control and the audit fees of internal control:(3)the market environment of products with higher degree of competition will weaken the negative correlation between the quality of internal control and the audit cost of internal controlTThrough studying the above relationship,I hope it can also awaken listed companies to attach impotance to the construction of internal control and reduce the company's speculation.On the other hand,it is conducive to the relevant departments to issue reasonable internal control audit pricing standards and better maintain the normal order of the market.