"四大"在中国A股证券审计市场的行为研究

"四大"在全球资本市场中扮演着重要的角色,很多学者直接将"四大"作为高质量审计的代名词。本文对"四大"于2003至2006年期间在中国A股证券审计市场的行为进行了研究,研究发现:"四大"的市场占有率逐年提高,同时各成员所之间也存在着激烈的竞争,较之"非四大",其选择的客户的规模大、财务质量高、ST(或*ST)客户比例低,另外,"四大"的独立性强,在相关行业已培育了显著的行业专长,能够提供高质量的审计服务,同时收取较低比率的审计费用。

Research on the Big 4 Auditors' Behaviors in China's A-share Auditing Market

The big 4 auditors play an important role in global capital market,many researchers use the big 4 auditors as the surrogate of high level audit quality directly.The paper explores the behaviors of the big 4 auditors in China's A-share auditing market from 2003 to 2006.It finds that,compared with domestic auditors,the big 4 auditors' market share increases year by year,and at the same time,they compete with each other fiercely.Their clients are bigger,healthier,and the rate of ST(or*ST) clients is lower.The big 4 auditors are more independent,have specialization in several industries,supply high quality audit service,and charge a lower rate of audit fees.