The Auditor Independence And Audit Quality

In recent years,with the rapid development of China's economy and the support of national policies,large state-owned enterprises began to list in Hong Kong in 2004.The firms that can undertake the business of listed companies are not matched synchronously,which leads to the overwork of employees and the continuous compression of professional doubt space,which has a negative impact on audit quality.In 2014,the stock exchange of Hong Kong revised its listing rules,which required continuous calculation of earnings and performance.The revised rules relaxed the restrictions on large enterprises to list in Hong Kong,which created better conditions to some extent and made it more convenient for these large state-owned enterprises to list in Hong Kong.Overseas listing of enterprises has many advantages for the development of enterprises.Firstly,overseas financial resources can be introduced to alleviate the pressure on enterprise financing to a certain extent.Secondly,if it is a state-owned enterprise,it often causes huge capital shortage in the reform process,which can be made up by overseas financial resources.In addition,the overseas listing of enterprises is an important platform to build the connection between China's market and the world market.Through the two-way flow of capital and information,Chinese enterprises with more market competitiveness and international influence can be shaped to promote the internationalization of China's market.The listing of enterprises in Hong Kong has opened up the international market and raised the visibility of Chinese enterprises.At the same time,some of these companies manipulated their earnings to meet the listing standards of Hong Kong stock market.However,when the scandal broke,it had a very bad impact on the capital market of certified public accountants and Chinese enterprises,and dealt a heavy blow to investor confidence.The agricultural sector has the hidden nature of financial manipulation,and has been a disaster area of audit risks.The risk assessment of this industry deserves our long-term attention and profound reflection.Reviewing the case of Huishan dairy industry,it is not difficult to find that although there are significant misstatement risks in listed companies,the lack of independence of certified public accountants in the practice process leads to the failure of diligence and responsibility in risk assessment and audit procedures,which is the most worthy of in-depth analysis.In this article,through combing the auditor independence influence factors and economic consequences of literature,to the relationship between the independence and audit quality as the breakthrough point,through the case analysis of Huishan dairy detailed argument: impact on auditor professional ethics,social relations will eventually reflect major defects in the risk assessment and audit program,is a major threat to audit quality hidden trouble.The inspiration of the study lies in the need of in-depth policy guidance from the level of supervision of listed companies and quality control of CPA industry.