The Research On Audit Quality Of Certified Public Accountants Of Agricultural Listed Companies

Agriculture is the basic industry of China's national economic construction and development,but also an important part of China's economy.In recent years,China has been transforming from traditional agriculture to modern agriculture and developing continuously.Accounting firms are also more committed to providing agricultural listed companies with more professional and high-quality audit services.Issuing high-quality audit reports can ensure the authenticity and integrity of financial information of listed companies and provide decision basis for stakeholders.Because agricultural listed companies cash transactions,the biological assets is difficult to measure,the important agriculture industry,such as planting industry,animal husbandry type affected by seasonal sex is bigger,the financial risk management risk is bigger,the management of financial fraud or due to the loss of independence of certified public accountants happened frequently,become a major disaster area of audit failure.Based on the above reasons,this paper will explore the factors affecting the audit quality,and how to improve the audit quality of listed agricultural companies,and put forward policy Suggestions.The study of this topic can help audit professionals to understand the audit risks and audit status of agricultural listed companies.Secondly,it can provide direction and reference for auditors in the study of coping with audit failure,and help auditors to improve audit methods.This article through to 19 years(2001-2019 of the securities and futures commission punishment announcement finishing found:(1)agricultural class because of the IPO or annual financial report of listed company financial fraud,illegal information disclosure by the China Securities Regulatory Commission,the action of 67 pieces of audit failure cases of the punishment,there are 12 items from agricultural listed companies,accounted for 17.91%,far higher than other industry.(2)By sorting out the detailed rules of the punishment announcement,the 17 detailed rules explore the focus of the CSRC's attention and the key factors causing the audit failure from the aspects of the overall situation,audit procedure,specific account or disclosure,and quality control.This paper adopts empirical research and normative research,selects 60 agricultural listed companies in China's A-share market from 2016 to 2018,and puts forward seven hypotheses,divided into subject and object.Descriptive statistical analysis,factor analysis,Logistics regression analysis and other models were used for empirical analysis.The empirical analysis shows that:(1)the greater the financial risk and operational risk of agricultural listed companies are,the higher the audit quality will be;(2)The stronger the professional competence of accounting firms and certified public accountants,the higher the quality of audit services they provide and the more difficult it is to be punished by China Securities Regulatory Commission and other audit failures;(3)The higher the financial complexity of listed agricultural companies,the more cautious auditors will be when issuing audit reports and the higher the audit quality will be.Based on the empirical research results of sample companies,this paper puts forward the following countermeasures from the perspective of industry,certified public accountants and quality control of accounting firms:First,constantly improve the audit procedures and methods for listed agricultural companies,to avoid drawing on the experience of other industries;Second,improve the independence of firms and auditors,strengthen the learning of auditors,and improve the professional competence of auditors;Third,strengthen the internal governance of accounting firms,improve the expertise of accounting professional knowledge affairs in a certain field,improve the internal quality control of accounting firms,to ensure high quality audit level.Finally,it is called for the audited-entities to maximize the application value of the internal audit departments of agricultural listed companies,promote the construction of laws and regulations of agricultural listed companies in China,maintain the ethos of the industry,and promote the development of the auditing industry of certified public accountants.