Using hand-collected data of venture capital share ownership and attribute characteristics, this paper systematically analyzes the relationship between venture capital, internal control and audit pricing based on analytical logic of audit risks. It arrives at the conclusions as follows:firstly, compared with companies without venture capital, audit pricing of companies with venture capital is significantly lower; secondly, from the perspective of attribute characteristics, the control attribute of venture capital significantly reduces audit pricing, and the united attribute significantly increases audit pricing; finally, there is a significant substitution relation between venture capital ownership and internal control quality for inhibiting audit risks and reducing audit pricing. It shows that, venture capital has played a significant governance role in audit market, so to strengthen the venture capital firms' value added services and monitoring functions is of great reality value to the improvement of operational efficiency of listed corporations.