Empirical Investigation About Influence Of Auditing Risk In Modern Risk-oriented Audit On Audit Opinion

The audit opinion is actually a kind of risk decision-making behavior results,auditors according to the risk classification and weigh and consider balance, throughthe interaction of various institutional arrangements and mechanisms, issue differenttypes of audit opinions. The2010China’s compliance with international norms, therevised practice guidelines of Certified Public Accountants, the main content is still amodern risk-based auditmode as a precondition, the focus is to conduct a riskassessment of the risks of material misstatement.This paper takes the stock market from2009-2011as the research background,According to the theory of audit risk factors as the foundation,what affects the auditopinion is divided into four levels: financial statements risk, respectively individualassertion risk, client business risk, independent risk, these are four risks in theintegration, to build a more reasonable audit opinion model suitable for our country,through the two classification logistic model regression test to reflect the impact ofvarious risk factors on the audit opinion. This result shows the regularity of thebehavior characteristics when China’s auditor to issue audit opinions. The mainconclusions are as follows: different types of the risk factors have obviousdifferences on the types of audit opinions, the risk of material misstatementincluding financial statement risk and individual assertion risk, client business risk,independence risk have obvious influence on the audit opinions, where the clientbusiness risk is significant. From the above results, the quality of our audit opinionis not high and the main basis of the audit opinion is client business risk. Theproperty is generally from the republic financial information. That the audit reportprovides the "additional information" is very limited, and it results in hampering theexternal investors and the public on the basis of the audit opinion to estimate the theactual value of the company and to make accurate judgments, which reduces thevalue of audit opinion. This paper studied various risk affect audit opinion, is to improve the publiccertified accountants and external supervision mechanism, pay close attention to theaudit risk, the auditor should follow the principle of prudence, a reasonable auditopinion to the listing Corporation. The paper is divided into four parts, concrete isdivided into the following four parts: The first part is the introduction of the firstchapter, mainly expressed in the research background, significance, researchmethods, arrangements and research frameworks. The second part is the literaturereview section. Is the second chapter of this article, which consists of two parts: Thefirst part of the contents of major retrospective study reviewed by certified publicaccountants audit opinion, this section discusses the importance of the audit opinion,for example, from the point of view of corporate governance and internal controlangle audit reports, certified public accountants audit report issued to the quality ofbusiness decision for external investors and the public to use. The third part is thetheoretical analysis and hypothesis. This part describes the theory of audit risk andrisk decision-making theory, the audit basis of the theory of the relationship betweenaudit risk and audit reports were further explanation. This part of the contents of thenext part, that is the basis of the empirical part. Audit risk theory on its study of theorigin and development of the description, which also referred to the theoreticalbasis of risk decision-making, the audit opinion is a typical risk decision-makingbehavior, the results of the audit results are divided into four basic types. The fourthpart is the empirical test section. Chapter IV study design and Chapter empirical testresults, the fourth chapter is to organize the data, removed the fifth chapter of thework, the use of the use of the Binary Logit regression model to test the modifiedaudit opinions issued by the risk factors. Which focuses on audit risk at all levels, isdivided into individual assertion level risk, the risk of financial statement level,customer business risk, independence risk to describe the impact of the audit riskaudit opinion. Section5concludes. The sixth chapter summarizes the full text of theempirical results, followed by discussion and research, some findings appear in thisprocess, Finally, we illustrate some of the limitations of this paper.