Auditors Of Listed Companies In China To Change

In the west, research on auditor changes has a history of over 40 years and has achieved comprehensive achievements while in China, the auditing of the security market starts much later and the study of the auditor changes begins only in recent three or four years. This thesis tries to make a research on the main influence factors of the initiative changes of Chinese listed companies in the year of 2002 and 2003.After reviewing the relevant literature, the author goes to the reasons of auditor changes published in the annual report of Chinese listed companies and chooses some elements that will probably result in auditor changes. By using the descriptive statistical analysis and the Logistic regression analysis, the author compiles the samples of the initiative changes in 2002 and 2003 and analyses comparatively his new findings and the present research conclusions and finds that:I .The disclosure of the reasons of auditor changes is not so good as expected and the information is of low validity;II .The un-standard auditing opinions, the alteration of Number One major stock holder and the auditor's regional characters are the major influence factors of auditor changes;III.A stage feature can be found in the influence factors of auditor changes. Different factors appear in different stages and they exert distinctive influences with the changes of the stages, which relates to the constant promulgation of the supervision policies in China.The result of the empirical study and the changes of the influence factors demonstrate that the listed company's being shown un-standard opinions is the direct reason resulting in auditor changes. The author compares the audit opinions differences before and after auditor changes and further analyses the relationship between un-standard auditing opinions and auditor changes and find that the listed companies being shown un-standard opinions could get its objective of sugaring up auditing opinions by changing auditor .It means that the independence of auditors has been affected.Finally, the author proposes some constructive supervision suggestions, aiming at the disclosure system of the reasons of auditor changes and the supervision of the un-standard auditing opinions.