Auditor Switch Characteristic And Audit Opinion-shopping

In the recent years,with more frequent occurrence of auditor switching in the security market, more and more concern is drawn on it.The reason that the auditor switching is concerned by the theory and practice in that the listed companies may have motivation of audit opinion-shopping through auditor switching.Opinion-shopping usually means the managers wanting to get low-quality audit opinion through a certain way which could lower the quality of accounting information.Managers utilize the information asymmetry to obtain the private interest at the expense of the shareholders'benefit.for the auditor switching and opinion-shopping have the close relationship,in order to avoid the bad economic consequences,we need to research on the auditor switching of the listed companies.Therefore,whether the listed companies will change auditor for opinion-shopping and whethe opinion-shopping is succeed is a urgent question to be solved.This essay is based on the former research results, tested after the enactment of new accounting standards, whether brought listed company to change the auditor in order to realize the audit opinion-shopping phenomenon. Then researched audit opinion-shopping from auditor's characteristic angle.The result discovered that when the listed company received non-standard audit opinion last year,it would be easier to change the auditor to achieve the motivation of improving audit opinion this year.But we didn't find the obvious evidence to support that the listed company realized this motivation. When carried on the analysis of auditor's change characteristic,we discoveried that the listed company chose to switch to the big and small scale accounting firm and the small scale accounting firm didn't have the characteristic of reducing the audit quality."Non-big ten" didn't mean low audit quality than "big ten"Finally,according to the result of the empirical study,we brought some proposals from 3 angles:audit demander,supplier, consummating the law of accounting and audit and improved the supervision which may improve the audit opinion information quality.