Research On The Correlation Between The Disclosure Of Key Audit Events And The Information Quality Of Internal Control Evaluation Report

In recent years,audit report has been continuing throughout the world,and audit report model has changed dramatically.To ensure the continuous and comprehensive convergence of Chinese and international auditing standards,China's Institute of Certified Public Accountants issued guidelines for new audit reports in December 2016,which was implemented by pilot in January 2017.In the new audit report model,the key audit events segment is the core of this reform,which greatly improved the information content in the original audit report and raised the communication value between report providers and users,largely increasing the practicality of the audit report much better.On the other hand,as an important internal signal transmission mechanism in enterprises,Internal Control Information Disclosure has aroused more and more attentions.The quality of internal control information also affects the decision of information users.Internal Control Evaluation Report is an important disclosure window for corporate internal control information with low information content as the main problem,therefore,how to disclose more high-quality internal control information of listed companies by report providers need to be discussed.By searching for relevance of the information disclosure of key audit events and the quality of internal control evaluation report,this article helps to find relevant factors that further improve the quality of disclosure of the latter,as well as studying how listed companies to disclose high quality internal control information from a spontaneous perspective.The essay firstly introduces research background and significance,summarizes the overall structure.Then the essay reviews domestic and foreign literatures,according to the definition of relevant concepts and theoretical basis,the mechanism of the disclosure of key auditing events and the evaluation report of internal control were discussed.This a,rticle as a whole utilizes a combination of normative research and empirical research.In the empirical research part,the quantitative indicators of information quality of internal control evaluation reports were constructed and scientifically elaborated on the setting of variables,using SPSS 24.0 software to perform descriptive statistics,correlation analysis,regression analysis and other processing on the collected data,and passed the robustness test in the end.Finally,this article concludes that there is a positive correlation correlation between the disclosure of key auditing events and the quality of information of internal control evaluation reports,quantitative indicators for building internal control evaluation report information are more comprehensive,key audit events has certain information content.According to the conclusions,the article proposes policy recommendations at the level of regulatory authorities and listed companies.Since new audit report guidelines have not been issued for a long time,the key audit events are rarely studied as the core reform targets at this stage.In this essay,the preliminary exploration of the amount of information on key audit events has filled the gap of relevant research.This paper collects and analyzes the disclosure data of the listed companies in the 2017 pilot implementation of the new auditing standards,and combining the disclosure of key audit events with the internal control evaluation report is innovative.In addition,in the construction of information quality evaluation indicators for internal control evaluation reports,by combining the user's intuitive requirements and internal control information quality characteristics,the evaluation system can fully reflect the quality of internal control evaluation report information.