Research On The Impact Of Listed Companies Change Accounting Firm On The Audit Fees Stickiness

Audit fees has always been a hot economic behavior in the theoretical and practical circles of accounting.As a direct economic bond to maintain the accounting firm and audit customers,it not only embodies the input of audit resources,but also reflects the premium of the potential audit risk to a certain extent.In recent years,domestic and foreign scholars pay close attention to Audit fees stickiness on the basis of audit cost research.It refers to an asymmetric phenomenon that the audit fees are not proportional to the change by the size of the assets.According to the existing domestic research,the audit fees stickiness generally exists in the audit service market and is easy to rise and difficult to fall,and its sticky intensity is more reflected in the stable service of the accounting firm to a listed company.The stability of Audit fees stickiness often violates the principle of fair benefit and damages the vested interests of the listed companies or the accounting firms,and makes it difficult for the regulatory authorities to effectively supervise the normal operation of the capital market at once.At the same time,the change of accounting firms in China is also common.From the research of domestic and foreign scholars,it is found that the high competitiveness of the audit service market in China makes the tendency of discounted audit fees when the accounting firms change.The emergence of this phenomenon may have a positive impact on effectively easing the audit fees stickiness and maintaining the principle of fairness and efficiency.However,there are few studies on the impact of changes in accounting firms on the audit fees stickiness,especially on whether different types of changes will bring different effects.Therefore,based on the special capital market environment in China and based on the hypothesis theory of rational economy man,the theory of transaction cost and the theory of signal transmission,this paper uses two methods of normative and empirical research to explore the influence of accounting firm change on audit fees stickiness,and further explore the different types of change.This article is divided into five parts.The first part is the introduction,which introduces the significance of the research,the way of thinking and the research innovation on the basis of the current background,and reviews the research on the cost stickiness and the economic consequences of accounting firms change at home and abroad as well as the relevant literature of the two.The second part is related concepts and basic theories.First,we define the concept of audit fees stickiness and accounting firm change,and elaborate the rational economic man hypothesis theory,signal transmission theory,transaction cost theory and equity theory.The third part is the hypothesis of theoretical analysis and research.This part describes the current situation of the change of China’s accounting firms in detail,and expounds the mechanism of the effect of the change behavior of the accounting firms on audit fees stickiness and puts forward the research hypothesis on this basis.The fourth part is an empirical study.This paper selects 8520 observed figures of all A shares listed companies as research samples for 2013-2016 years,and uses the logistics regression method to test the hypothesis of the article.The fifth part is research policy and suggestion,and puts forward relevant deficiencies.The research result show:(1)the change behavior of the accounting firm will significantly weaken audit fees stickiness,which indicates that the change of the accounting firm has indeed suppressed the trend of the rise of audit fees and is more likely to appear "discounted",which has a positive effect on the fairness of the audit fees and the maintenance of the interests of the listed companies;(2)The change of non-mandatory accounting firm has also weakened the audit fees stickiness and is more significant.It shows that while maintaining the fairness of the audit fees,it also needs to prevent the phenomenon of low price soliciting,while the mandatory office change has an weaken effect on audit fees stickiness,but it is not significant,to a certain extent,it embodies the policy effect of compulsory rotation for accounting firm.