Analysis Of Audit Opinion Of Listed Company

Audit opinions are the core of listed company's financial information that the CPA transfer to the investors and the information users, the investors attach great importance to the audit opinions, audit opinions are also the important means for the investors to understand the information of listed companies, and they have important impact on investors' decision-making activities. On February 15th,2006, the Treasury has issued the new Auditing Standards and Accounting Standards, and they operate on listed companies Since January 1st,2007. Auditing risk standards is the core standards of the new auditing standard system, it sets higher and stricter requirements to the quality of CPA's auditing work; and the new accounting standards have a direct impact on listed company's accounting policies and accounting performance, the change of the listed company's performance also have important impact on audit opinions provided by CPA. So, analysis of audit opinions changes of listed company after operating the new standards has great significance in the regulatory authorities, investors, accountings and information users.The author analyzes the listed company's audit opinions in Shenzhen and Shanghai stock market by the descriptive statistics method for 2004-2009, the conclusions are that: after operating the standards, non-standard audit opinions has declined, but the percentage of the unqualified audit opinions with explanatory notes has a more increase, while the percentage of the qualified opinions has a reduction, this can show that the CPA have the probability to use the unqualified audit opinions with explanatory notes instead of the qualified opinions, the regulatory authorities should strengthen the supervision and management. At the same time, the author analyzes the relevance of the scale of the accounting office with the audit opinions, the company that is ST audit opinions distribution, non-standard opinions about industry distribution, the relevance of the non-standard opinions with accountant office alteration, the relevance of the non-standard opinions with time to disclose the annual reports. At last, the author proposes some policy proposals like strengthen the supervision of listed companies which were issued the unqualified audit opinions with explanatory notes, specific the behavior about accountant office alteration, improve the professional quality of CPA and improve the quality of the investors and so on.