Research On The Audit Opinion Of The Accounting Fraud Company And Its Influence Factors

In recent years,the intensifying of market competition constantly challenged theenterprise’s development.More and more behavior relying on increasing profitaccounting fraud appeared. As an independent third party, CPA is questioned bypublic about whether they can produce the real and effective audit opinion to reflectthe enterprise’s accounting fraud. The CPA’s credibility has also been badly damaged.First,this paper, from the theory, uses principal-agent theory and game theory toexplain the audit opinion of accounting fraud companies and its influencing factors.In addition, the study is based on domestic and overseas’ literatures, choosing thelisted company from2008to2014which has been fined in the CSRC website asexamples, constructing a logistic regression model and proceed deceptive analysis andLogistic regression analysis.This paper empirically studies the relationship betweenthe size of the firm, the change of the audit fees, the size of the assets of the company,the rate of assets and liabilities and the audit opinion.This paper can get the following conclusions based on the theoretical analysisand empirical test: CPA can expose the accounting fraud of the listed companies. Butthere are still a few companies whitewashing their accounting fraud by issuingunqualified opinion with emphasis of matter paragraphs.Quality of CPA audit inChina remains to be improved. In addition, this paper uses the Logistic regression toanalyze the influencing factors of audit opinion. Analysis results show that: the firmsize of listed companies, assets liability ratio and company asset index andnon-standard audit opinion was significantly correlated, indicating that the firm scaleand other indicators can affect the issuance of the non-standard audit opinion.At thesame time, CPA use each audit fees change situation to analyze the fraud of listedcompanies, to help more scientific and reasonable give the non-standard auditopinion.At last, this paper propose to expand the scale of accounting firm andsupervise the social auditing profession for reducing the risk and improving the auditing quality.The innovation points of the paper are mainly as follows:the paper studies theinfluence factors of issuing audit opinion of CPA on the basis of the auditees’accounting fraud and it is more targeted than current domestic and foreign literaturesthat only generally study the influential factors of audit opinion.