Real Estate Research To The Influential Factors Of Audit Quality Of Listed Companies In Our Country

The real estate industry is an important part of our national economy, and its contribution rate to the gross domestic product (GDP) has increased year by year. According to the National Bureau of Statistics, statistical data showed that the contribution rate of the national real estate industry to the GDP was about 8.5% in 2014. As the main representatives of real estate industry, the importance of real estate listed corporations to the national economy is self-evident. Accounting firms that provided high quality audit services and the correct audit report for the real estate listed companies could accurately reflect the listed company value and protect the interests of stakeholders to make the correct economic decisions. Based on the above reasons, this paper will study the impact of the real estate listing corporations’audit quality and how to improve the audit quality of real estate listing corporations.The research of this paper is mainly empirical research method, and standardized research method is a supplement. Through the review of literature,this paper sums up the mainstream views of domestic and overseas,then we put forward a theoretical basis for this article and analysis the influence factors of audit quality.This article selects the data from 2011 to 2013 Shanghai and Shenzhen stock markets in China real estate companies’financial reports to be released as the research object, and put forward five research hypotheses by using Logistic regression model for empirical analysis.The empirical study shows that the larger scale of accounting firms provide the auditing services are not necessarily the higher quality of services. The greater business risk and financial risk of the real estate listed companies, the more cautious when auditors issue the audit reports. In that case, the audit quality is higher. The more administrative punishments and the more serious degree of the punishments, the higher audit quality.And it indicates that the more standardized legal system and industry standards of our country, the higher audit quality is provided. The relationship between the number of administrative penalty and the quality of audit is the same as the direction of the change of the administrative penalty.If independent directors on the board of directors proportion is larger, the audit quality is higher.According to the empirical research results of sample firms, this paper proposed to take the following measures:to improve the independence of audit firms and auditors, to strengthen the internal governance of accounting firms, to promote the audit personnel and to improve the auditor’s professional competence; to improve the independent director’s independence and share and to give full play to the role of the internal audit department; to establish and improve relevant laws and regulations, to strengthen the legal risks of relevant personnel and to promote the combination between the government regulation and the self-discipline of the audit industry.