Impact Of Audit Committee Characteristics On Audit Fees

In early nineteenth Century,the United States SEC first explains the concept of the audit committee,and the establishment of the audit committee of the Chinese time relatively late.2002 years,China’s Securities Regulatory Commission formally promulgated the "corporate governance guidelines",which strictly required to comply with the conditions of the listed company,its subsidiary board must set up a special committee and the audit committee to promote enterprises the special committees of the audit management level,strict audit and supervision is an important part of enterprise activities,their status is self-evident.USA from Enron,WorldCom scandal to the collapse of Arthur Andersen,can see the related accounting activities of the misstatements act to cause fatal impact on listed companies,and the establishment of the Audit Committee on the one hand reflects the whole society to pay close attention to the financial situation of enterprises,on the other hand,as a special committee established by the company his financial activities,more conducive to the establishment of corporate directors and give full play to their respective functions,safeguard the interests of shareholders,to maximize the interests of the company.From the outside,the accounting firm as the most closely associated with the enterprise organization,in the financial audit,financial reporting and supervision management plays an important role.And the audit fee is the financial foundation to build a cooperative relationship between CPA and enterprises,whether the enterprises can give full play to the functions of the audit committee,and audit pricing standard Not reasonable,the external auditor audit inspection,supervision ability meets the client need to closely related.At present,although the majority of enterprises in China have set up the audit committee,but the audit committee can give full play to improve the quality of financial reporting of the functions of the audit committee members will affect the audit fees the conclusion still have different argument.The introduction of this article from the research background and research significance,through the establishment of the overall framework of the research,the article summarized the main ideas of the system context,and the proposed analysis method;at the same time,this paper also through the form of literature review respectively analyzes the domestic and foreign audit committee,the current situation of the development of the research on audit fees,comparing the domestic and foreign research the similarities and differences found in the audit committee of the scholars at home and abroad are analyzed in the literature,the conclusion is not consistent,but the existing literature less from the members of the audit committee of the age,the relationship between educational background and carry out the audit pricing analysis;in addition,the research on the principal agent theory,corporate governance theory,information asymmetry theory,incomplete contract theory and game theory as the theoretical basis,analysis of the trial system The inner meaning of Statistics Committee and audit fees;in addition,this paper chooses the 2013-2015 as samples during the study period,using multiple regression analysis method to establish the model,with the audit fees on numerical explanatory variables,the number of members of the Committee and the characteristics of enterprises to establish a linear relationship between the misstatements as explanatory variables.The empirical results show that the audit committee members age,educational background and audit pricing showed a positive correlation between the audit committee financial background and audit pricing showed the reverse changes,and the audit committee and audit fees is the male members of the same direction change relation.According to the empirical results,the author analyzes the mutual influence of the audit committee of listed companies the characteristics and audit pricing,and puts forward the corresponding countermeasures and suggestions according to the conclusion.