Surp lusmanagement degreesmake listed companies pay different audit fees. Namely, the listed companieswith high surp lus management degree will pay high audit fees to buy chartered accountants and chartered accountants will be bought, while the listed companies with low surp lusmanagement degree consider it unnecessary to pay high fees to buy chartered accountants. In order to lower the risk of surp lus management, chartered accountants increase audit cost and consequently raise audit fees. Meanwhile, chartered accountants pay more attention to the listed companieswith high surp lusmanagement degree.