Research On The Motives And Consequences Of The Non-Mandatory Change Of Accounting Firms Of Listed Companies

With the separation of ownership and management rights,the accounting firm as an independent auditing organization has further highlighted the responsibility of the listed company to provide external financial reports.Accounting firms obtain audit fees by issuing fair and objective audit opinions.Although management is obliged to provide fair and true financial statements,it is likely to provide untrue financial statements due to information asymmetry and self-interest factors,and The cooperation of the audit agency is required.If the accounting firm rejects the request of the listed company based on risk considerations,it may be dismissed by the listed company,resulting in a change in the accounting firm.It is of great significance to study the act of replacing audit institutions.At present,there are an increasing number of listed companies that replace audit institutions in China.By studying the background and financial status of listed companies replacing accounting firms,and then analyzing the real reasons for the changes and the consequences,the more A good understanding of the capital market,reduce information asymmetry,and learn from the experience to help investors make correct judgments.This article draws on the relevant research results at home and abroad,based on existing theories,combined with the actual case of Churin Group,from the perspective of a listed company,to study whether there is a bad motive for changing the accounting firm to achieve the audit opinion purchase while controlling the audit cost.It also analyzes whether Churin Group urgently needs standard unreserved audit opinions to mislead market investors to cover up its financial distress and other deeper reasons,and discusses the consequences of the behaviors induced by various motives,and elaborate on what ultimately leads to Harbin The causes and consequences of Churin’s insolvency.The research results of this paper first clarify the consequences of Churin Group only covering the financial distress through the exchange,and use this to provide a warning for listed companies;secondly,it can be used as a reference for the relevant regulatory authorities to further improve the construction of the regulatory system and formulate corresponding safeguards.Significance;Finally,investors are reminded that non-mandatory changes in accounting firms should be used as a market signal to consider whether they should be an important factor influencing whether they should invest in enterprises.It also helps to include listed companies,investors and securities Information users,including market supervision departments,better understand and evaluate the phenomenon of accounting firm changes in China’s securities market.