The Empirical Study On Factors Affecting Audit Quality In China Listed Companies

The quality of audit is the key factor to control the quality of financial information of listed companies.The financial information users often regard the audit quality as the important basis of investment decision-making.Therefore,the quality of audit has been paid more and more attention by the society.At present,under the heavy load of bad economic environment and fierce market competition,many listed companies face difficulties in running and shortage of funds.Some enterprises even take risks at tampering with the financial statements for funds-raising.This is not only significant difficulties for the audit,but also misleading the people who uses the financial information for their investment decisions,that could cause adverse impact on the current economic environment.So the quality improvement of listed companies audit has become the key to stabilize the economy and social order.At the same time,the influencing factors of audit quality are numerous and complicated.It's difficult to improve obviously through one of the factors enhancement,that had led endless discussion and not been solved very well now.This paper states the connotation and the measurement standard of the audit quality first,analysis the present situation of the audit quality of the listed company,from the audit subject,the audit object and the external audit environment,explore the various influence factors to that.Then,it puts forward the five relationship assumptions,the size of the firm,the audit fee,whether it is the "four major" accounting firms,the operational risks and financial risks of the listed companies,and corporate administrate structure,establish the Logistic regression Model,select the relevant data of listed companies in China from 2013 to 2015 to check on the significance,by using SPSS software for empirical study.Empirical study shown that the bigger the audit firm is,the better the audit quality is;the influence of audit fee is not very significant;The "four" accounting firms' influence is obviously,the audit quality is better;the proportion of independent directors is less relevant to the audit quality,the data results are not much significant;the higher the listed company's business or financial risk is,the better the level of audit quality is.Through the analysis of the empirical results,the paper gives the principled recommendations for improving the audit quality of listed companies in our country,that is encourage the consolidation of domestic accounting firms,promote the bigger and stronger accounting firms,attract and train high-quality personnel,improve the overall practice ability,establish a risk identification system,and raise awareness of risk prevention.It is hoped that the suggestions in this paper will make some contribution to the improvement of the quality of audit in our country.