~*ST Danbang Twice Changed The Accounting Firm Motivation And Impact Research

On March 1,2020,China promulgated a new version of the Securities Law of the People’s Republic of China,among which the most important change was the cancellation of the qualification requirements for securities and futures.This change has not only had a profound impact on China’s securities service market,but also promoted the reform of China’s securities market to a certain extent.This huge change has made the listed companies have more accounting firms to choose from in the annual report audit.Under the background of the new securities law system,in addition to large accounting firms,small and medium-sized accounting firms are also a new force in auditing the annual report business of listed companies.After the promulgation and implementation of the new securities law,the first companies that changed to change the annual report audit institutions for small and medium-sized accounting firms are mostly some ST listed companies facing delisting.After the implementation of the new securities law,the company of this type of listed company quickly changed its annual report audit institution to small and medium-sized accounting firm.The real motivation behind this behavior is worth studying.In this paper,the ST listed companies facing delisting risk are taken as the research object.The main content of this paper is the real motivation behind the ST companies facing delisting risk after repeatedly changing the annual audit institutions for small and medium-sized accounting firms,as well as the impact after the change of accounting affairs.Through the analysis of this paper,investors can better understand the capital market,fully understand the real motivation behind the "exchange" of listed companies,and make correct investment decisions on the basis of fully understanding the relevant information.After the promulgation and implementation of the new Securities Law focused on this paper,* ST Danbang has changed the accounting firm for many times in a short period of time,and this event has certain particularity.This paper adopts literature research method,case study method and comparative analysis method to analyze the real motivation and influence behind * ST Dan Bang’s frequent change of accounting firms.This paper focuses on the analysis of * ST Danbang each change accounting firm economic background and the details of the company’s financial situation when changing the accounting firm,concluded that the real cause of * ST Danbang change accounting firm is to cover up the financial crisis,use the characteristics of small firms to deliver market signals,purchase audit opinions.According to the results of the case company changed the accounting firm and the current relevant background analysis ~*ST Danbang changed the impact of the accounting firm,from the listed company,the securities market and the impact of the accounting firm.Finally,through the summary of the full text,the suggestions for the relevant subjects of China’s securities market,hoping to provide some reference for other listed companies and accounting firms.