Non-standard Audit Opinion,Management Power And Improvement Of Internal Control Quality

As China's economic development into the new normal,comprehensively deepen reform into the deep water area,"three phase superposition" conditions made the enterprises facing management and investment risk the possibility of increasing.How to through the construction of internal control system,thus enterprise risk prevention,economic new normal to put forward new and higher requirements.The past research on internal control and audit opinion most from the perspective of external auditors and users,with little attention of signal functions of audit opinion on management management behavior.In this paper,from the micro perspective to explore the non-standard audit opinion on the influence of the internal control defect behavior management and enterprise management of power how to influence its fixed amplitude of the internal control defects,trying to signal transmission function of audit reports provide new empirical evidence.This paper reviews the related literature at home and abroad,combining with the theory and system,then puts forward the hypothesis of this article.Based on the Shanghai and shenzhen a-share listed companies from 2008 to 2014 as the research object,through descriptive statistics,univariate analysis and Pearson correlation analysis of the preliminary test research hypothesis,further through multiple linear regression is further evidence that the research hypothesis.In addition,the article also further disclosed according to the nature of property rights,the nature of the defect,and defects state group analyzed the increase of the quality of internal control auditing opinions differences in different groups.Finally in the robustness test part,first has carried on the 2 VIF is based inspection,found that the model does not exist the multicollinearity,the second regression model with internal control defect types of regression,the results no substantial difference.The results show that after being issue of non-standard audit opinions,internal control quality significantly increased for the next year,at the same time of non-standard audit opinions and the enterprise internal control defect correction was significantly positive correlation.Will focus of executive power can reduce the non-standard audit opinion increases the quality of internal control.Further study found that non-standard audit opinions on internal control defect correction effect in the private enterprises and disclosure of enterprise internal control operation defects in the more obvious.Finally,according to the research conclusion of this paper put forward in this paper,from the perspective of system and the enterprise level of policy recommendations.Will tell from the system,China should continue to promote the construction of internal control system in order to improve the enterprise risk resistance;At the same time,through rules,should improve the quality of external auditing and disclosure the integrity of the enterprise.From the enterprise level,enterprises should highly pay attention to the information content of non-standard audit opinions;To strengthen the construction and perfect the internal control at the same time,pay attention to the governance structure and the influence of the information disclosure of internal control quality improvement.