The Effects Of Vertical Dyad Differences Of Characteristics In Audit Team On The Audit Quality

In recent years,there have been a series of scandals in the domestic and foreign markets on financial report information disclosure,such as "Enron event","Worldcom event" and "Yinchuan Guangxia event",and Xintai Electric Company and Kunming Machine Tool Company have been disclosed for their financial frauds.The frequent exposure of these frauds in listed companies further deepens investors' dissatisfaction and doubts about the audit quality of accounting firms and the practice ability of certified public accountants.Due to these,the government department,the listed companies and scholars increasingly pay much attention to the research of the factors which affect the audit quality.And with the gradual refinement of research perspectives,the trend of the level is extending from the accounting firms to the individuals of the signed certified public accountants.By combining with the view of "Vertical Dyad",this article will consider "project partner(chief accountant)—the project manager" as a "Vertical Dyad" of the audit team to analyze whether different characteristics of the team structure will affect the audit quality.On the basis of the collection and collation of the first-hand personal data of the signed certified public accountants,this article selects the samples of A-share listed companies from 2011 to 2016 to conduct analysis on the relationship between the “Vertical Dyad” differences of the audit team characteristics and audit quality.At the same time,the multivariate linear regression model is constructed to empirically test.According to the empirical results,it is found that the political status differences of the audit team's "Vertical Dyad" have produced estrangement and contradiction between each other,which is not conducive to the improvement of audit quality.However,gender,education,major background and career experience differences all have produced complementary roles,which in turn has a more positive and significant impact on audit quality.The effect of age differences on audit quality has not been verified.These results not only confirm the different characteristics of "Vertical Dyad" will indeed have a certain impact on audit quality,but also greatly improve the audit theory and the degree of concern about the practitioners on how to further improve the audit quality.Also,this article is helpful for further research in the related fields.Based on results of the empirical analysis,this article puts forward some constructive suggestions from the perspective of accounting firms,listed companies and industryregulation organizations,pointing out limitations and how to carry out in the following research.