Study On Listed Company Governance Structure And Its Influence On Audit Quality

Corporate governance is shareholder, creditor, worker, operators, etc between stakeholders on organization arrangement, the control mechanism, the distribution of interests of all laws and institutions, culture, institutional arrangements of the contract. Its basic objective is, by a system to ensure that the modern company arranged for two separate from the right and the normal development of the principal-agent relationship, make the company itself freedom and security company in the interests of the harmonious development between the parties and parties. Audit work as a company and external supervision system is the important component of audit quality directly relationship with the credibility of the financial report and reliability, which directly affect the capital market investors benefit protection degree. In reality, the governance structure of the listed companies in China is short of the corresponding measures to check, make the company senior management can easily by earnings management, and furthermore influence the certified public accountant is the audit work. In this case, the audit quality are likely to be tempted by the influence of the corporate governance structure, so the listed company management structure has an important influence on audit quality, this article attempts to the listed company governance structure and audit quality relationship through the standard and empirical research.The structure of company treatment including internal management mechanism and external governance mechanism, they all have an important impact on the quality of audit, this paper mainly concern with equity structure, the board of directors and the board of supervisors for content characteristic features of the internal management mechanism, because the internal management mechanism of external management mechanism to audit than a more obvious effect quality, also we improve corporate governance structure to the main point, so this paper mainly from the ownership structure, the board of directors and the board of supervisors features to consider characteristics of the influence on the quality of audit.Since audit quality is not observational, the measure index at home and abroad and have not accepted standards, main representative indicators are:firm scale, the audit fee, the audit opinion and earnings management, and so on, this paper used the surplus management as the audit quality, instead of the index, the main reason is that other index is mainly from external namely firm aspects to measure, earnings management mainly from the listed company itself to measure, if a public company governance, the company operating management will be affected by other shareholders and directors of supervision and restriction, which can control will be very few accrued items, the credibility of the financial statements are higher, the audit quality and the corresponding can be high, so in this article, the surplus management alternative audit quality.This paper with the alternative of earnings management audit quality and earnings management section of the modified model with Jones, we can draw the controllable accrued items calculated to earnings management, and select 2008-2010 a-share listed companies as A sample, the sample to screening and treatment, by building Logistic regression, to the listed company governance structure and audit quality relationship empirical research. Get the following main research conclusion:in equity structure, the first big shareholders’ equity percentage and HF 10 to the influence of the audit quality index significantly;In the board of directors of the features, the independent directors and executive pay more significant influence on audit quality; In the board of supervisors in the characteristics, the board of supervisors scale relatively worker supervisors of proportion of and meetings of the board of supervisors of a number of audit quality more apparent effect. Finally it presents the perfect the corporate governance structure and improve the auditing quality policy Suggestions and the study of remaining deficiencies.