Internal Control?Audit Opinion And Bank Credit Decision-making

In the development of the enterprise,it is very important to provide enterprises with funds of financial institutions,at the same time it is also important for the economic development of our country.At the present,due to the development of capital market in China,it is still the first choice for enterprisesas the debt ofbank lending.After the global financial crisis of 2008,the equity financing of our country has been in a slump,because of the influence of the market,enterprises affected by equity financing,the bank of the enterprise financing plays aimportant part.Bank as the main part of corporate debt financing,should improve the effectiveness of their credit decisions,reduce the credit risk of itself.As bank loan credit risk faced by Banks,it not only have effect on the development of the Banks,even will affect social resources' s distribution,the development of the enterprise,may even affect the safety of the global economic development.With the continuously deepening of the reform of our country,the vigorous development of the market economy,banking is regulated by the government credit management gradually moving towards the market.In this context,as thesecond country of the world economy,it is very necessary of our country to promote the growth of national economic security,stability,strengthen credit risk management of bank loans.More commercial Banks are actively to explore the scientific and reasonable ways to reduce their credit risk,in the process of borrowingmany banksask client to provide audit report will be one of the audit report as the basis of credit decision.Internal control is the important means control of the enterprise sustainable development,the construction of the internal control level will directly affect the risk of the business activities of the enterprises,the validity of the disclosure of financial information,the risk in the process of bank loan will be transformed into lending as banks facing credit risk.Based on the background above,this article will be explained variables,the bank's credit decisions as the enterprise internal control,issued by the certified public accountants audit opinion type as the explanatory variables,study the level of enterprise internal control construction,the types of the opinions of the auditing reports issued by certified public accountants for bank credit decisionmaking,On the results of the study,hope to provide loan bank in the credit decision-making process,through the enterprise disclosure of internal control construction level,the types of the opinions of the auditing reports issued by certified public accountants,more accurate,detailed understanding to the borrowing enterprise internal information,reduces in the process of borrowing,the information between the debtor and creditor,finally achieve the purpose of enhancing the management level of bank credit.This article is divided into six parts.The first part is the introduction of the article,the article is divided into five parts: the research background and significance,related concepts defined,the research contents and research methods,the article research framework,the innovation of the article points.The second part is the literature review of the article,mainly includes three aspects: the audit opinion and bank credit decision-making literature review,the internal control of bank credit decision-making literature review and the literature reviewed.The third part is the study of the theoretical basis and empirical assumptions,first from the information asymmetry theory,signaling theory,principal-agent theory has carried on the theoretical analysis and provides a basis for the back of the empirical research method.The fourth part is the part of empirical analysis,choose the sample data and variable indicators,constructed bank credit decision model.The fifth part is the empirical analysis part.Empirical study results shows that the internal control and the proportion of new bank loans is significantly related to the audit opinion is significantlynegatively related to the new bank lending rate.The sixth is divided into research conclusion,according to the result of theoretical and empirical,suggest for audit,companies and Banks,and explains the limitations of this article.