A Study On The Influence Of Internal Control Audit Fees On The Quality Of Financial Reporting Information Under Integrated Audit

In recent years,management has attracted external investors in order to whitewash statements,and financial fraud has emerged in an endless stream.The quality of financial information released by enterprises has been repeatedly suspected by the public and external investors,which has triggered a crisis of trust.In order to improve the degree of trust of the public and external investors in the enterprise,national regulatory agencies require enterprises to establish a sound internal control system by enacting mandatory policies and regulations,thereby reasonably ensuring the quality of financial information publicly announced by enterprises.In order to strengthen exchanges with the international community,in 2010,China's" Guidelines for Internal Control Auditing of Enterprises" clearly pointed out that the listed companies of the Shanghai Stock Exchange and the Shenzhen Stock Exchange began to enforce internal control audits from 2012,which made the audited units There is an economic ties between the accounting firm and the accounting firm-internal control audit fees,but the internal control audit fees of the listed company are not mandatory for disclosure.Therefore,from the dynamic and static perspectives,this paper studies the impact of the disclosure of internal control audit fees and its impact on the quality of financial reporting audits,and further studies whether the implementation of integrated audit will play a role in promoting this impact.It not only provides empirical evidence for the implementation of integrated auditing,but also helps to broaden the research ideas on the influencing factors of internal control auditing costs and the impact factors of financial reporting auditing quality.In order to measure the quality of financial report audit,this paper uses Kothari's(2005)improved Jones model to calculate the earnings management level as its substitute variable,with signal transmission theory,system synergy theory and knowledge spillover effect theory as the theoretical support,combined with the listed company in China 2012-The empirical evidence in 2017 is a regression test by constructing a multiple linear regression model to determine whether the company discloses its internal control audit fees and its impact on the quality of financial report audits,and further uses the integrated audit as a regulatory variable to further divide the sample into implementation integration.The audit team and the non-implemented integrated audit team showed that the company's initiative to disclose its internal control audit fees did not convey to the external investors the higher quality of its financial report audit,and the company's implementation of the integrated audit did not effectively change this.The status quo;but the regression results show that the higher the cost of the enterprise's internal control audit,the higher the quality of its financial report auditing and the impact is even more significant in companies that implement integrated auditing.Therefore,it is hoped that the relevant regulatory authorities will gradually introduce relevant policies and regulations in combination with the actual situation,encourage Chinese enterprises to actively disclose internal control audit fees and increase investment in internal control audits and promote the implementation of integrated audits in Chinese enterprises.