Study On The Association Between Corporate Governance Structures And Audit Opinions

This paper uses both the Normative method and Empirical method to research the relevance of the corporate governance structures and the audit opinions. At first, elaborate the audit opinion's concept and relevant theory, review and comment the literature of the influence factors of the audit opinions; then, review the corporate governance's relevant theory and analyze the relevance of the corporate governance structures and corporate operating achievements; then link up with the aforementioned literature reviews and relevant theory analysis, analyze the relevance of the corporate governance structures and the audit opinions and then proposes the empirical supposition; the fifth chapter uses Empirical method, to pair a group of non-modified opinion corporate to the 2006's modified opinion corporate, uses the Logistic regression analysis method, form both the ownership structure and the characteristics of the board to positive test the relevance of the corporate governance structures and the audit opinions; the positive test's results express that: the probability to receive the modified audit opinions of the state-controlled is bigger than non-state-controlled companies, the first shareholder's stake is irrelevant with the audit opinions, the total stake form the second shareholder to the fourth shareholder which represents the check balance of the shareholders is irrelevant with the audit opinions too, the higher the proportion of shares in circulation the lower the proportion of receiving modified opinions. Through the positive test of the relevance of the characteristics of the board and the audit opinions, found that the characteristics of the board and the type of the audit opinions don't have notable relevance.