Associated Transation Type And Correlation Of Audit Research

With the development of China's market economy, related party transactions have become a common phenomenon in China's listing Corporation. In order to prevent the listing Corporation from using the hidden nature of the related party transactions, manipulating the earnings management, and thus against the interests of small shareholders and creditors. In 2006 the Ministry of Finance issued the "accounting standards for Enterprises No. thirty-sixth-related party disclosure", in order to make the listing Corporation's related party transactions transparent, but also the direction of the audit of certified public accountants. In the "enterprise accounting standards" after the provisions of the academic community for related party transactions and earnings management and audit opinion on the relevance of a large number of research. But many scholars for the types of related party transactions without distinction, just for the occurrence of which is more frequent and large amount of related party transactions are studied, did not fully take into account the motivation of related party transactions is fair or non-public permissibility. Only allow non-public transactions will produce adverse effects for no distinction between the two is bound to affect the results of the study of accuracy. Therefore, based on the premise of the type of related party transactions, this paper makes a distinction between the motive of the related party transactions, and then analyzes the correlation between the related party transactions and the audit opinion.Because the disclosure of related party transaction information is ambiguous and subtle, making it difficult for China's securities regulatory authorities to make an accurate judgment of the nature of the related party transactions, but can not determine whether the transaction is fair or not. At this point, in order to protect the rights and interests of stakeholders, limiting the enterprise through non fair related party transactions for personal gain. We need a kind of independent mechanism 10 assist supervision, to reveal the nature of the related party transactions, so as to protect the interests of stakeholders and improve the economic efficiency. Certified public accountants are often in the capital market as the role, they have a good professional competence, and to maintain their independence. Certified public accountants can help investors to reduce the problem of asymmetric infomation between the listing Corporation by issuing different types of audit opinions. However, the related party transactions between listing Corporation has become more and more complicated and diversified, which makes the difficulty of CPA audit increased. CPA's audit opinion is able to reveal the opportunism behavior of enterprises, more and more people pay attention to.In order to make the study more representative-this article selects the 2012-2014. in Shanghai and Shenzhen two stock markets to disclose related party transactions of listed companies as research samples, through the establishment of the model, the empirical analysis, examine the related party transactions and the relationship between the auditing opinions. First verify the opportunism type affiliate transaction amount is larger, the probability of non-standard audit opinions issued by certified public accountants, is positively related to relationship between them; Second, verify the size of the decision-making useful type connection transaction amount have no obvious effect on the results of the audit opinion and; Finally, verify the amount of collateral type of related party transactions, the greater the probability of non-standard audit opinions issued by certified public accountants, is also a positive correlation relationship between the two. And according to these conclusions, several Suggestions are put forward for the enterprise, namely, perfecting the corporate governance structure, strengthen the regulatory measures and the auditors and managers and other aspects of professional ethics, to curb opportunism behaviors of the related party transactions, and related party transactions of norms and reasonable use can provide some feasible references.