Empirical Research On The Influence Of CSR Information Disclosure Quality On CPA’s Audit Risk

Along with a series of accidents about food security, especially big disasters happening, corporate social responsibility (CSR) has caused wide concern from governments, corporate and the public; as a consequence, the movement of that responsibility has expanded among China in an unprecedented speed. Corporate social responsibility not only the internal needs of the enterprise development and to settle down, but also the expectations and demands of the modern social enterprise. In recent years, state authorities have issued a series of guidelines designed to standardize the behavior of corporate social responsibility. Based on this practical and theoretical background, a topic of this research is raised.This paper adopt empirical analysis methods, research on the influence of corporation social responsibility information disclosure quality on CPA Audit risk from two dimensions of theoretical analysis and empirical study. This article selects307real estate companies listed in Shanghai and Shenzhen stock A market as the samples which issued corporate social responsibility report from2010to2012. Combining with the MCTi corporate social responsibility report rating system, we make statistical research on the current situation of its social responsibility information disclosure quality. Build corporate social responsibility information disclosure quality and CPA audit risk model analysis, found that the higher the quality of corporate social responsibility information disclosure, the lower the risk of CPA audit. Based on the nature of the enterprise, I divide the sample data into two groups, the analysis shows that different measurement index led to different empirical results. When we choose risk premium as a measure of audit risk, we can find the non-state-owned corporate social responsibility information disclosure quality have a stronger impact on CPA’s audit risk, when we choose financial restatement, the analysis shows that the state-owned corporate responsibility information disclosure quality have a stronger impact on CPA’s audit risk. The enterprise size and profitability also affect the CPA’s audit risk. Based on the findings, based on our corporate social responsibility information disclosure and risk status of CPA audit, put forward the corresponding policy recommendations.