Environmental Regulation,Green Innovation And Audit Fees

Since the focus of my country’s economic development has been the pursuit of economic benefits for a long time,energy and environmental issues have been neglected to a certain extent,and extensive management has restricted my country’s sustainable development.Since the beginning of the new century,our country has begun to attach importance to environmental issues,and through various legal and administrative means to formulate and implement various environmental standards and policies to make enterprises’ pollution discharge behaviors comply with the norms,thereby improving the quality of the environment.At the same time,the government also encourages companies to actively raise emission standards and improve environmental quality through market measures such as environmental taxes and pilot emissions trading.With economic development and popularization of education,people are increasingly concerned about environmental issues,and the concept of environmental protection has gradually become popular among the people.The application of the Internet and new media also provides efficient and convenient new methods for the dissemination of environmental protection information.The public attention of listed companies is due to their identity as the main body of value creation in the capital market.For the reasons of normative isomorphism and imitation isomorphism,their green innovation input and output have a demonstration effect on the entire industry.Auditors need to pay full attention to environmental matters when conducting audit and assurance business,so as to fulfill their obligations as important information transmitters for enterprises and external stakeholders,and to dig out matters that may have an impact on the company’s financial information so as to better Make professional judgments and issue reasonable guarantees,thereby reducing the moral hazard and adverse selection problems caused by information asymmetry in the capital market.Auditing Standard No.1631 clearly stipulates that auditors should implement the necessary risk assessment procedures,pay attention to the environmental issues of the enterprise,and reasonably assess their impact on audit risk.On the one hand,auditors’ attention to corporate environmental information will increase the audit workload,and on the other hand,due to the R&D risk of green innovation,it will increase the risk premium and thus increase the audit fee.Therefore,this thesis uses empirical analysis methods to study the impact of corporate green innovation output and effectiveness on auditors’ annual report audit fees,and finds that green innovation output and effectiveness will reduce auditors’ audit fees;and explores the mechanism of action and discovers environmental information disclosure The level assumes an intermediary role in the two,and the intermediary role is mainly transmitted through quantitatively disclosed hard information,and qualitatively disclosed soft information has no significant relationship with the two.At the same time,a heterogeneous analysis was carried out to explore whether the three different environmental regulations would affect the relationship between the two.The results showed that the command-and-control environmental regulations weakened the negative relationship between the effectiveness of green innovation and audit fees.Relationship,market incentive environmental regulations and public participation environmental regulations both strengthen the negative relationship between the effectiveness of green innovation and audit fees.Finally,this article uses a variety of methods to conduct robustness tests,all of which pass,which proves that the results of this article are robust.This paper takes the impact and mechanism of corporate green innovation output on audit fees as the research object,and to a certain extent expands the related research on the impact of non-financial information on auditors’ pricing decisions.By studying the moderating effects of different types of environmental regulations,we explore the changes in audit fees when the green innovation level of enterprises faces different environmental regulations,and expand related research to explore how the macro environment affects audit fees.This paper explores the mediating effect of environmental information disclosure,divides environmental information disclosure into qualitative and quantitative,and analyzes the heterogeneous impact of different information disclosure forms on audit fees.