Study On The Influencing Factors Of Audit Fees Of Internal Control Of China Listing Corporation

Our country has already require listing Corporation to carry out the audit of internalcontrol, but for the internal control audit fees have been liberalized prices, accountingfirms should be in accordance with the provisions of relevant laws and regulations, so asto guarantee the internal control audit quality, reasonable price, so that the internalcontrol audit charge market play a decisive role. This paper has carried on the analysisand verification of the factors influencing audit fees of internal control of China’s listingCorporation, and provides a theoretical basis for China’s internal control audit chargemarket supervision and management of the internal control and accounting firms auditfees.The audit fees of the factors that affect the internal control of a series of analysis,combined with the principal-agent theory, game theory, cost compensation theory andmarket theory of supply and demand, and summarized our internal control audit feesituation is described, finally the empirical part selected in2012and2013Shanghai andShenzhen and Shenzhen Main Board listed companies separately disclose the internalcontrol audit fees of the company as the research sample, on the corporate governancestructure, the audit business complexity and reputation of the accounting firm, listedcompanies where the area and the nature of equity etc. factors of descriptive statistics andmultivariate regression analysis. The results show that the reputation of the accountingfirm, the better, the higher brand value, listed companies where the per capita GDP,internal control audit fees are higher; internal control audit fees and audit businesscomplexity has become positive correlation, but the effect is not particularly large,probably because of the selection of inventory and accounts receivable accounts for totalassets proportion as the alternative variables cannot completely represent the complexityof the auditing of the company, but certain influence, this should also consider theamount of subsidiary company, the scope of business and other factors; Independentdirectors on behalf of the company governance structure, the greater the proportion ofinternal control, audit fees are higher, which is contrary to the assumption, the possiblereason is that the independent director proportion is high and can not explain thecompany’s board of directors governance better, the independent directors can play its role of supervision, but also depends on the balance of the independent directorsindependence and diligence; and the actual control of state-owned company, the internalcontrol audit fees will be relatively low, because the general situation of the certifiedpublic accountant state-owned listing Corporation internal control audit risk is low, so thelow audit fees will be charged to the. Through the above study on the influencing factorsof audit fees of internal control, this paper finally puts forward a series of policysuggestions and the future research aspects are discussed.