中国民营上市公司政治关联与审计收费关系

Relations Between Political Connections and Audit Fees of Chinese Private Listed Companies

摘要:

在分析中国资本市场股票发行审核制度改革基础上，以2008-2012年期间首次公开募股(简称IPO)民营公司为样本，对政治关联、审计收费及其相关的审计市场占有率三者的关系进行了实证研究.研究结果表明，在股票发行审核制度改革后，拥有发行审核委员的会计师事务所不仅对拟IPO的民营公司收取了超额审计费，而且其审计市场占有率也显著提高；但是，若拟IPO的民营公司具有政治关联，则可以降低会计师事务所的审计收费.

Abstract:

Based on the analysis of the reform in initial public offering(IPO) examination system, this paper, taking those IPO companies in 2008-2012 as samples, has used empirical methods to research on the relationship between political connections, audit fees and auditor market share. The conclusion shows that, after the reform, accounting firms with members in China securities issuance examination committee (CSIEC) have charged PreIPO companies extra audit fees. Their market share has increased as well. On the other hand, political connections can help PreIPO companies to reduce their audit expenditure.