上市公司董事会特征与审计费用率

本文以披露了2003年年报审计费用的上市公司为样本,借助回归分析方法,研究了审计费用率与董事会特征的相关性。本文发现,审计费用率与独立董事的规模显著负相关,与董事会的独立性、非独立董事规模显著正相关,与董事会会议次数不相关;与审计委员会的设立、独立董事的薪酬相关性不显著。客户规模、子公司个数、应收账款和存货在总资产中的比重、审计任期仍是影响审计费用率的主要因素;审计任期与审计费用率的相关性说明,审计师首次执行审计业务时不仅没有审计折价现象,反而可能存在显著的审计溢价。发现表明,独立董事相对规模较大的董事会支持高质量的审计服务,而绝对规模较大的董事会更可能改善公司内部控制环境。

Board Characteristics and Ratios of Audit Fee to Asset

Using regression method,this paper examines the correlation between board characteristics and ratios of audit fee to asset(ROF)from annual reports about the listed companies in A-share market.Our research finds that ROF is significantly positively associat- ed with board independence,size of non-independent directors,and negatively associated with the size of independent directors.The size,numbers of subsidiary,proportion of the total as- set in account receivable and inventory of audit client,and auditor tenure are still predomi- nantly determinants factors of ROF.The negative relation between ROF and tenure indicates absence of the audit price cutting in initial engagement year.The results suggest that the boards with greater relative size of independent directors demand higher-quality audit service than auditor normally provides,and the boards with greater absolute size of independent di- rectors are more likely to improve control system of company than company normally has.