审计收费信息强制披露的经济后果性研究——来自中国审计市场的证据

The Economic Consequences of the Regulation on Audit Fee Disclosure - Evidence from China＇s Audit Market

2001年开始实施的上市公司审计收费信息强制披露制度，其目的在于缓解投资者的信息不对称程度，从而改善中国审计环境。其实施效果如何，本文对此进行了初步的考察和检验。结果发现，在审计收费信息强制披露之后，中国审计市场审计收费差异显著缩小。同时，进一步研究发现过低的审计收费一定程度上损害了审计质量。总体上，本文支持审计收费强制披露改善审计环境的结论。

The regulation on audit fee disclosure that became effective for public companies in 2001 was designed to reduce the information asymmetry between companies and investors and consequently to improve China＇s audit environment. This paper tests the effectiveness of this regulation. The results show that the difference in audit fees between companies decreased after the policy was implemented, and that an unreasonably low audit fee damages audit quality. Therefore, in general the disclosure of audit fees has improved the audit environment in China.