The CSRC For Accounting Firm Audit Quality Regulatory Effect Research

With the continuous development of China’s securities market and perfect, the independent audit verification functions of accounting information is also more and more attention. High quality audit service to ensure the quality of accounting information disclosure, maintain the healthy and orderly development of market economy has played a very important role. In reality, however, audit quality is not optimistic, certified public accountants to participate in the listed company financial fraud, providing false audit report violation behavior occurs frequently. And the current situation, our country in view of the civil liability mechanism is not perfect audit quality, guarantee and other maintenance mechanism is also relatively lack, which makes the social from all walks of life to realize if you want to keep the healthy development of securities market and the certified public accountants industry must strengthen the government supervision of certified public accountants audit quality, government regulation is, in fact has become the main external mechanism of maintaining high audit quality in our country.The China securities regulatory commission(CSRC)as the main regulator of securities auditing market, the exercise of the security audit qualification determination, practicing policies, quality supervision and so on various aspects function, certified public accountants industry in China and had a positive role in the development of the securities market. However, securities market is the middle out of financial fraud and intermediaries of violation behavior but also reflects the CSRC from all aspects of the supervision of the audit quality has many problems. So, whether the CSRC regulatory effective play a role of a guarantee? Its regulatory effect how? Based on this, this article on the basis of theoretical analysis, combined with the securities regulatory status quo, to over the years by the punishment of accounting firms and certified public accountants as a sample for empirical analysis, using the empirical evidence to CSRC regulatory audit quality objective evaluation on the overall effect.In this paper, the research method is:mainly adopts normative research, empirical research on the quantitative and qualitative methods.In the theoretical part, the comprehensive analysis of the effectiveness of the CSRC regulatory audit quality improvement framework, the empirical part through preliminary evaluate the regulatory effect of statistical analysis, then by building Logistic multivariate regression model from the aspect of accounting firms and certified public accountants level descriptive statistics analysis, correlation analysis and regression analysis, based on the size of the regression coefficient, symbols and significance level investigation punished before and after the change of audit quality, and then study the regulatory effect of the CSRC.In this paper, the empirical results show that the CSRC regulatory effectiveness audit quality is insufficient, the effect is not good, there are regulatory, supervision is not enough, not in time for such problems as insufficient sustainability. Specific research conclusion is:(1) CSRC regulatory is a kind of high audit quality as the goal of institutional arrangements.(2) as afterwards regulation punishment mechanism does not work efficiently.(3) in the long run, the CSRC regulatory audit quality lack of effectiveness, sustainability is not enough, the inefficiency of regulation.