A Study On The Relationship Between Government Intervention, Media Supervision And Audit Opinion

With the continued development of the securities market, regulators, investors and other stakeholders to pay more attention CPA audit opinion. Promulgation "China’s Independent Auditing Standards" since the risk-based audit mode gradually formed and developed in our country, the CPA issued an appropriate risk-based audit of the audit opinion. In the current credit crisis is full audit market, CPA audit whether to maintain its rightful independence? Exactly what factors affect the type of audit opinion it issued? The author has a keen interest.This article bian took empirical research and case study method of combining, in empirical research and see a lot of domestic and foreign media on supervision, the foundation of government intervention and the type of audit opinion research literature on the impact on China’s listed companies in the extractive industries Audit Opinion Factors case study. First, empirical research, the paper selected 2012-2014, China’s A-share listed companies in the extractive industries as samples, to monitor this aspect of the external environment to explore the mechanisms of media influence the audit opinion from the deep-seated causes, and to further investigate the Local Government Intervention role of the media in influencing governance aspects of the effect. The study found:(1) the media, the more negative reports of listed companies, the higher the probability of auditors of listed companies issued a qualified audit opinion; (2) government intervention can significantly influence the effectiveness of supervision and management of the media, where strong government intervention the area, on the impact of media monitoring company listed on the audit opinion has been greatly weakened. Secondly, in the case study, this paper chooses Zijin Mining "7.3 pollution incident" as a case for further research on media monitoring, government intervention and Audit Opinions. This paper attempts to put forward a new theory to explain the factors that impact on the audit opinion from the perspective of external governance mechanisms, which contribute to further understanding of the role of media supervision and management mechanism and government intervention in the area of corporate governance.