The Research On The Evaluation System Construction Of Independent Audit Quality

Audit quality is the life of the audit occupation, and it's important to make a scientific appraising of the audit quality to control it. This paper focuses on the evaluation of the audit quality to set up an appraising system and offer a reference to control the audit quality.Firstly, we analyze the influence factors of audit quality from three aspects, auditors, clients and auditing market. About auditors, their competence and independence are important factors. As for clients, the influence factors are their integrity, risk and inner control management. The aspect of auditing market includes the influence of supply and demand, and supervision. Independence is the key point of audit quality; however, it's decided on audit market and income, organizing form of accounting firm and supervision, so the three aspects are not function independently. Our audit market competition is so intense that the independence of accounting firm is not strong. As for audit supervision, the factor of law and administration is an important aspect to affect the independence.Based on this, the paper designs several proxies to evaluate the audit quality, and confirms the weight of these indexes by use of multivariate analysis of regression to establish the appraising system. After the regression, we draw a conclusion that audit quality is positively related with the scale, reputation, personnel's character of the accounting firm, but has the negative relativity with the punishment.