政治关系对于会计师事务所价值的影响——来自中国ipo审计的证据

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1、会计师事务所在获得政治关系之后更倾向于利用自己对于规则的熟悉帮助自己的客户来粉饰IPO申请材料，而不是利用自身的资源来切实地提高客户财务报表的质量，因此降低了资源配置的效率。这也同游说说相符合，因为根据游说说，通过游说可以使得相对资质较差的客户通过IPO的筛选程序。关键词：政治关系IPO审计IPO收费IPO市场份额IIAbstractWhenthemembersareappointedtotheregulatorycommitteethatexaminesprospectiveinitialpublicoffering（IPO）companies,accountingfirmsbecom

2、epoliticallyrelation.ThisrelationcouldenableaccountingfirmstounderstandtheregulatoryprocesswhichcanhelptheirclientsprepareIPOapplicationsbetter,andlobbyfordecisionsthatbenefitthemself.ManyresearchersthinkthatrelationwithregulatorswillhelpaccountingfirmsreduceIPOrejectionriskfortheirclients,thusal

3、lowthemtochargemoreIPOauditfeesandincreasetheirIPOmarketshare.Politicalrelatoncouldbenefitnon-topaccountingfirmsmorethantheydototopaccountingfirms.That’sbecausethebigaccountingfirmsconcerntheirreputationmoreinordertohelptheirclientsraisethelikelihoodofpassingtheIPOscreeningprocess,theywillraiseth

4、eirauditqualityinsteadofcheating.BasedontheIPOcasesapprovedbyChinasecuritiesregulatorycommissionfromJanuary1,2002toApril30,2010,thisarticlemainlystudiestheeffectofpoliticalrelationonaccountingfirms'IPOauditfeeandIPOmarketshare.First,thisartcleanalysesaboutwhypoliticalrelationswillaffecttheaccount

5、ingfirmvalue,andthroughwhatwaytoinfluencetheaccountingfirmvaluecombinedwiththedomesticandforeignliterature.AfterintroducingtheprocessforChina'sIPOexaminationandIPOauditmarketcharacteristics,theresearchhypothesesofthisarticleisproposed.Intheempiricalpart,thispaperexaminestheeffectofpoliticalrelati

6、onsonaccountingfirms'IPOauditfeeandIPOmarketshareandwhetherpoliticalrelationreducesIPOapplicationrejectedrisk.Politicalrelationshipinthispaperisdividedintotwostages,namelytheformerpoliticalrelationsandpoliticalrelationsandpoliticalrelationsaredividedintostagesofcurrentpoliticalrelationsandpostpol

7、iticalrelations.TheempiricalresultsshowthataftermembersgetFaWeiHuiappointed,thesmallaccountingfirm'sIPOauditfeeandIPOmarketsharewillincreasegreatly,andtheriskthatcustomer'sIPOapplicationisrefusedissignificantlyreduced,