Research On The Influnce On Audit Quality By The New Auditing Standard

Under the context of development trend of economic globalization,establishing a high-quality criteria convergence with international auditingstandards to improve audit quality and enhance the reliability of accountinginformation plays an important role to reduce the risk of investor's decisionmaking,achieve efficient allocation of resources, and promote economicdevelopment and maintain financial stability. Audit quality is affected by manyfactors, we have reason to believe that higher quality auditing standards shouldbring a higher quality of auditing. Auditing standards affects audit quality throughthe selection, implementation of audit process by certified public accountants,ultimately reflected in the views of the audit report. Whether the type of auditopinion is appropriate affects the level of audit quality. exploring the variouspossible factors of types of report views issued by CPA will help us to objectivelyevaluate the current overall quality of CPA, thereby enabling CPA audit opinionsindeed play an active guiding role for public companies and vast investment incapital markets.In recent years, theorists and practitioners carried on many valuable studies onthe factors affecting the audit opinion, formatting consensus in some aspects, butstudies on the issue whether the implementation of the new auditing standards willdemonstrably impact on audit quality are rare. This paper takes the data two yearsbefore and after the implementation of auditing standards as the basic experienceresearch data, based on the data of audit reports views types of China's SSE Asharelisted company from 2005 to 2008,directly examine the various possiblefactors determines the non-standard audit opinions issued by CPA, to study whetherthe implementation of new auditing standards will have significant effect on auditquality.This paper respectively make panel data regression of the year 2005, 2006and the year 2007, 2008, and contrast R-square and other parameters drawn throughthe two regressions, to analyze whether the implementation of new auditingstandards has demonstrable impact on audit quality.