Abstract: On the basis of the symbiotic interaction between institutional environment and corporate governance mechanisms,we study the combined influence of marketization and internal control upon governance mechanisms of independent auditing in the context of China's transitional economy. The empirical study shows that companies with the poor internal control are more likely to choose "non-big 10" auditors, which lead to higher audit fee, and are more likely accompanied by the qualify opinions. Moreover, the worse regional marketization process, companies with the poor internal control are prefer to choose regional small CPA firms, which lead to higher audit fee, and have higher probability of receiving qualify opinions. Overall, the findings show that the effect of audit governance requires the interaction of effective internal control and marketization.

摘要： 与以往研究不同，文章借鉴制度环境与公司治理机制之间的共生互动理论，考察在我国转轨经济的特定制度背景下，市场化进程与内部控制对独立审计治理机制的影响。研究发现：内部控制质量差的上市公司，越可能选择“非十大”所进行审计，审计费用越高，越可能获得“标准”审计意见；而且在市场化程度低的地区，更高的审计费用和 “标准”审计意见的获得，基本上都是本地小所的执业结果。研究表明，审计治理效应的充分显现，不仅需要有效的内部控制和完善的市场化水平，而且更需要两者的互动与协同。