Research On CPA Audit Quality Of Listed Companies In China

The Certified Public Accounts audit quality is the most important for the accounting company to survive. Along with the deepening process of China's market-oriented economy reform, it plays an utterly important role in the stabilization and improvement of the capital market. The main role of the Certified Public Accounts reflect on the audit of financial statements, in order to determine and enhance the credibility, authenticity, legality and regulatory compliance of the accounting information of the listed companies Therefore the quality of certified pubic accounts report is important to the investor information. However, with the company's audit defeat cases, such as"Enron Corp"World Communication"Kelon"and so on, the social credibility of Certified Public Accountants has been a serious challenge, we can draw a conclusion that the Certified Public Accounts audit quality also has problems, and can not meet related benefits need. How to re-collect public confidence and perfect the audit quality is accountants'utmost urgency at present.In this paper, from the factors that affect audit quality, use the method of descriptive statistics, by collecting the data of audit opinion of our capital markets, accounting firms and the SFC penalty notice from 2004 to 2007, revealed that China's certified public accountant audit the quality of the current situation and problems and make proposals for improvement.In the research, from 2004 to 2007, we found that when the audit opinions issued by the CPA, slightly more inclined to express the nature of explanations with an unqualified opinion paragraph, and deny opinion almost not existed. This is the phenomenon of the easy way. There is a certain degree of correlation between the changed accounting firms of the listed companies and the audit opinions. Noticing the penalty in the securities and futures situation, mainly to warn, fine-oriented and less discipline. Therefore, improving the quality of the CPA and the accounting firm's audit appointment systems, strengthening laws and regulations will be a great significance in enhancing the information investors and enriching and perfecting the theory of capital market supervision.