The Mechanism And Empirical Study Of Audit To Promote High-quality Economic Development In Big Data Environment

The 19 th National Congress clearly states that “Chinese economy has shifted from high growth to high-quality economic development.” The stage of high-quality economic development is accompanied by a series of distinct economic characteristics,such as GDP growth slowdown,economic structure optimization,innovation-driven highlights,but at the same time there are such as urban sprawl,financial speculation and other “de-realization to fiction” constraints.The requirement of full coverage of audit and enhanced supervision makes collaborative supervision in big data environment a necessity.On May 23,2018,the first meeting of the Central Audit Committee proposes that “audit institutions should fully perform their auditing supervision in accordance with the law and promote high-quality economic development.” At present,there is little literature on the mechanism of audit to promote high-quality economic development.The research establishes the parallel multiple mediation model of audit's promotion to high-quality economic development and makes use of the questionnaire data of 214 auditing cadres from 5 provinces and cities such as Shanghai,Shenzhen,Zhejiang Province and Qingdao for empirical test.The results show that audit business implementation and synergy of supervision subjects simultaneously play the intermediary role in collaborative supervision of audit subjects and high-quality economic development.And the individual mediation effect of synergy of supervision subjects is significantly greater than audit business implementation.The above conclusions are consistent between point estimation and Bias-corrected Bootstrap.The multiple group SEM analysis shows that the specific intermediary roles of audit business implementation and synergy of supervision subjects have been weakened and strengthened respectively in the high big data auditing group.The innovations of this paper: First,The research establishes the parallel multiple mediation model of audit's promotion to high-quality economic development based on the theory of the party and state supervision system.Using the questionnaire data of 214 auditing cadres from 5 provinces and cities such as Shanghai,Shenzhen,Zhejiang Province and Qingdao to empirically test the mediating effects of audit business implementation and synergy of supervision subjects and the moderating effect of big data audit mode.This provides a relatively complete theoretical and empirical evidence for the mechanism of audit's promotion to high-quality economic development.Second,currently variables related to the new generation of information technology such as big data and Internet are measured using the word frequency of annual report or 0-1 dummy variable which is actually applied and is an independent variable attribute.However,this paper measures the big data audit mode from four aspects: information investment,professional talents,platform construction and practical application,with smaller variable measurement error.Third,The results show that the individual mediation effect of synergy of supervision subjects is significantly greater than audit business implementation.The above conclusion is consistent between point estimation and Biascorrected Bootstrap.The multiple group SEM analysis shows that the specific intermediary roles of audit business implementation and synergy of supervision subjects have been weakened and strengthened respectively in the high big data auditing group.The research results provide empirical evidence for the policy landing of enhanced supervision joining force and scientifically powerful auditing.