Effect Of Audit Quality Elements On Efficiency Of Accounting Information Transmission

Information is data of value，and it must realize its value through transmission toits users.The value of accounting information depends on the efficiency of itstransmission.Based on the defining of audit quality elements，building of frameworkof accounting information transmission and using the data from China，s listingcompanies in2009，this paper focuses on the theoretical analysis and empirical test ofelements of audit quality on the efficiency of accounting informationtransmission.The results indicates that on the whole， audit quality makes acomprehensive effect on the latter.To be specific，we find that auditor size，auditopinion and audit fee affect the effectiveness of accounting rules.Auditor size andaudit timeliness affect the degree of earnings management.Audit size affects thecognitive level of users of accounting information.To sum up，the different aspect ofthe audit quality elements roles in different phase of accounting informationtransmission，so we can take more effective measures，including using audit qualitymethod， to improve the efficiency of accounting information transmission. Inpractice，we should inhance the effectiveness of both formulating and executing ofaccounting rules，restrain the earnings management of listed companies，enhance thedisclosure of accounting information，make it more scientific and reasonable forcompanies to choose accounting policy.Also，we should develop the institutioninvestors such as funds，securities，insurance，QFII，and increase the stock holdingshares of them.Lastly，we should research and draw up the suitable audit rules，andregulate the audit charging，audit opinion issuing，so as to make use of audit system toimprove the efficiency of accounting information transmission.