Author(s)

Gao Ya ¹, Li Chaoying ²

Affiliation(s)

¹ China Center for Information Industry Development, Haidian, Beijing, 100048, China
² Liaoning Police College, Dalian, Liaoning, 116036, China

Corresponding Author

Li Chaoying

ABSTRACT

In order to introduce private capital and promote the development of state-owned enterprises, the Third Plenum of the Eighteenth Party Congress proposed the active development of a mixed ownership economy in 2013, accelerating the process of mixed ownership reform in state-owned enterprises. From the perspective of audit cost and audit risk, the introduction of non-state shareholders reduces the company's audit cost and risk, thus reducing the audit fees of listed companies. This paper analyzes the impact of the proportion of non-state shareholders' equity on audit fees from the perspective of equity structure, using information disclosed by listed companies on the nature and shareholding ratio of the top ten shareholders. The study found that the proportion of non-state shareholders' equity can significantly reduce audit fees.

KEYWORDS

Non-state shareholders, audit fees, mixed ownership reform, audit risk

CITE THIS PAPER

Gao Ya, Li Chaoying, Non-state shareholders' equity and audit fees. Accounting and Corporate Management (2023) Vol. 5: 73-79. DOI: http://dx.doi.org/10.23977/acccm.2023.051212.

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