Study On The Impact Of Voluntary Social Responsibility Disclosure On Audit Fees

Corporate social responsibility is an ethically limited responsibility.The motivation for companies to voluntarily disclose CSR reports can be divided in two ways: firstly,to reduce information asymmetries with stakeholders and secondly,that it is corporate window dressing.Given the growing attention from all sectors of society,it has become inevitable for companies to take a proactive approach to social responsibility.Accounting firms,as independent third-party monitors,have a duty to provide an informed assessment of corporate governance.CSR reporting,as important non-financial information,will necessarily be included in the audit risk assessment and risk response.Due to the complexity of the issue of audit pricing,the question of the factors influencing audit fees has attracted considerable attention from researchers and a large number of studies have been conducted,but few researchers have discussed audit fees from the perspective of voluntary CSR disclosures.This paper takes the disclosure of CSR reports as a starting point to investigate the impact of voluntary CSR disclosure on auditor fees and examines the role of firm size and firm size in both relationships.By summarising recent national and international research on CSR disclosure and auditor fees,this thesis identifies gaps and shortcomings in the existing literature and clarifies the research direction of this paper;Secondly,by combining stakeholder theory,signalling theory and information asymmetry theory,it is proposed that voluntary CSR disclosure has a positive effect on auditors’ fees and that firm size and firm size have a moderate effect on voluntary CSR disclosure,and the study also uses several regression models to identify the variables to test the validity and reliability of the above hypotheses;finally,based on the analysis of empirical results,appropriate countermeasures and recommendations are proposed.The results show that there is a significant positive relationship between voluntary CSR disclosure and audit fees,i.e.listed companies that voluntarily disclose CSR reports pay higher audit fees.Firm size and firm size have a significant impact on the relationship between voluntary CSR disclosure and audit fees.This paper provides micro-level evidence for a comprehensive understanding of the relationship between voluntary CSR disclosures and audit fees and references a comprehensive assessment of the relationship between voluntary CSR disclosures and audit risk assessment.