Chinese A-shares Listed Company Audit Pricing Research

Audit pricing playes an important role in the audit research area.Under the market economy system, The trade is controlled by the system and the is completed by mutually choice between the the buyer and the seller. According to the the supply and demand law in the market economy,pricing depends on supply and demand.But at present, on the one hand our country's marketization is not enough,and the audit service market is imperfect,lacking of the voluntary demand. On the other hand,Most of the companies do audit because of the government's supervision, what's more,now, in china, audit pricing system do not follow the market-oriented pricing system completely, the deeds appearing from the audit process, such as low price competition and high-price buy of audit opinion make adverse influence on audit quality, audit fairness and the public interests directly.Thus,the reasonable audit price is helpful for regulating the audit pricing in the stock market.The research of auditing pricing plays an important role for the regulation of audit market of China.From 1980s in the 20^th century, Many experts has begun the audit research when SEC required audit fee exposed,the exposure of audit offers the premise of empirical research. From then on,many western and eastern scholars made many researches on topics related to audit market and audit fee. Listed company is required to expose audit fee for the first time in china in 2001. From that time on the secrecy of CPA's rewards is exposed to be public.Scholars in china start their empiricial research on china's audit price.Through reviewing the literature audit pricing related,considering the law environment and the audit market, I have done many rearches on the influences of audit pricng, finally select the audit pricing influences and set the audit pirce model.This essay is designed to make an overall positive research of the influential factors of audit pricing by using the experimental data of listed company, The results show the relationship between audit pricing and the size of listed company, complexity, the scale of accounting firm, audit risk and law environment is significant.While the relationships between audit pricing and audit opinions and changes of CPAs are not significiant. So,I make furthermore researches on the two variables. The result shows that the changing of accounting firm doesn't lead to low price competition. Though analysing to the data and the pricing modle no evidence proves the listed company has significant purchase intention of wanted audit opinion.I use the normative method and positive method together to study. Anatomise the essential of our audit market from angles of the following 3 theories: Trust- agency theory, supply-demond method, market- competition theory. Probe into the relationship of audit quality and audit cost and analyze the questions of audit pricing at present.During the analyze of positive analyse, by analyze the selecting available samples of the year 2005,2006 and 2007 to set up the audit pricing modle and do the linear return by using the Markway. On the basis of modifying the Siminic modle and by using the 2005-2007 linear return model, I put forward to my new audit pricing model: LnFee =-3.859441 +0.3640×LnAssets +0.0010×Deratio +0.1878×Big4. The model is reasonable and made by using the acurate data and can be used to price the audit. Through research, we put forward the relative policy advice.