Research On The Influence Of Negative Information On Expression Of Non-standard Audit Opinion

With the deepening of reform and opening up in the new era,and the wide application of modern risk-oriented auditing models,auditors are also more sensitive to the negative information of listed companies,and their attention to the negative information of listed companies has become a more important factor in the implementation of auditing in today’s capital market.An increasingly important aspect is that every year,because of the negative information being exposed,non-labeled audit opinions are issued,and there are countless companies that are delisted.For example,Ruixing Coffee with financial fraud,Kangmei Pharmaceutical with continuous fraud,etc.However,a sound legal environment and effective internal control can effectively restrain this negative impact.On the basis of summarizing and summarizing the relevant literature,combined with the analysis of the current situation,this thesis uses classic theories such as principal-agent theory,audit insurance theory,signal transmission theory and game theory to study the mechanism of the influence of negative information on non-standard audit opinions,the mechanism of the influence of negative information on the expression of non-standard audit opinions in the regulation of institutional environment,and the mechanism of the influence of negative information on the expression of non-standard audit opinions in the quality of internal control.In areas where the institutional environment is not perfect,certified public accountants face huge audit risks,in order to avoid audit failure,listed companies with litigation risks and violation risks tend to issue non-standard audit opinions,and also face listed companies with poor internal control effects,certified public accountants have to increase audit fees or even issue non-standard audit opinions in order to avoid risks,and the audit report audited by the certified public accountant will affect the judgment of the users of financial statements and affect the continuous operation of enterprises.In the mechanism analysis,the hypothesis of this thesis is that enterprises with negative information are more inclined to issue non-standard audit opinions,a sound institutional environment can weaken the impact of negative information on non-standard audit opinions,and a high level of internal control quality can weaken the impact of negative information on non-standard audit opinions.The regression model was constructed,and the data of 15346 listed companies in the 10 years from 2010 to 2019 were analyzed with stata16,and the hypothesis was preliminarily verified.In order to ensure the robustness of the results,the model is further tested by the methods of tendency score matching,substitution of control variables and lagging one-phase control variables,which also supports the establishment of the null hypothesis.In order to improve innovation,the impact path of negative information on non-standard audit opinions was studied in further analysis.Based on the above research,it is concluded that enterprises with negative information are more likely to issue non-standard audit opinions,a sound institutional environment can weaken the impact of negative information on the expression of non-standard audit opinions,and a high level of internal control quality can weaken the impact of negative information on the expression of non-standard audit opinions.In short,the relevant government departments should promote the further improvement of the institutional environment,listed companies should improve internal control and enhance risk prevention awareness,and accounting firms should pay attention to the impact of negative information of the audited units on audit reports to improve the ability to identify audit risks.