Research On Enterprise ESG Performance And Audit Investment

In the principle of accounting information quality,the first mentioned is timeliness principle,it can be faster and more accurate to audit investment reasonable allocation,and can provide timely audit report,it has a great influence on the value of the company,and the length of the audit delay is also a key factor,it will have a great influence on the value of the company.Both in theory and in practice,it can be seen that the timely release of audit reports plays a special role in reducing the cost of information search and maintaining the fairness of the capital market.Enterprise ESG performance is the company in the environment,social,governance and other levels of external response,it is an important financial information,can through its behavior,to the market and investors convey the company in the "binary" new development pattern and "double carbon" national strategy,actively practice "innovation,coordination,green,open,sharing" the concept of new development signal.Enterprise ESG performance is not only an important reference index for auditors to measure enterprise audit risks,but also an important reference index to measure their internal governance system.The better the performance of corporate ESG,the better the internal governance system,the shorter the time delay of financial report disclosure will be,and the auditors can issue audit reports more quickly and accurately,thus reducing the audit investment.This conclusion can provide an effective basis for the improvement of corporate governance level,thus reducing the audit investment.Based on this,this paper to enterprise ESG research perspective,from the audit risk oriented theory,signal transmission theory and three perspective theory of information asymmetry,and empirical test,in 2009-2021 China capital market a-share listed companies as the research sample,system examines how enterprise ESG performance affect the audit investment and its corresponding situation characteristics and influence mechanism.The research focus of this paper is to investigate how ESG performance affects the audit input and the corresponding situation characteristics;to analyze the relationship between ESG performance and audit input and the mechanism by which ESG performance affects the audit input;and to test the effect of ESG performance on audit input to provide theoretical support for improving the sustainable development of enterprises.The study found that:(1)enterprises with good ESG performance can significantly encourage auditors to reduce audit investment.(2)Enterprises with good ESG performance can reduce audit investment by reducing operational risks and major misstatement risks.(3)Under the situation of analysts’ low attention,poor internal control quality,and non-state-owned enterprises and accounting firms as the "Big Four",the main effect is stronger.The research conclusion enriches the economic consequences of enterprise ESG performance,clarifies the mechanism of enterprise ESG performance affecting audit input,and provides micro-level empirical evidence for audit institutions to correctly treat the performance of enterprise ESG.