The Impact Of Government Audit On The Quality Of Enterprise Accounting Information

With the reform of state-owned enterprises,the vitality of state-owned enterprises in the capital market has gradually increased,but at the same time,it has also exposed serious problems such as corruption of enterprise executives,failure of internal control and waste of state-owned resources,which has reduced the quality of accounting information of state-owned enterprises and their holding listed companies.Although social audit is a line of defense against financial fraud of listed companies,at present,the failure cases of social audit are still common,which has had an extremely bad impact on the capital market.As an important part of the national governance system,government audit is responsible for supervising the operation of state-owned capital and ensuring national economic security.From the policies and regulations continuously introduced by the state,we can see that the state pays more and more attention to the government’s audit of state-owned enterprises and the guidance of social audit,which has attracted extensive attention of scholars.Although many scholars have studied the impact of government audit on the quality of accounting information of state-owned enterprises,few scholars have studied the impact of government audit itself on the quality of accounting information of enterprises.Therefore,based on the data of local audit institutions and taking the A-share listed companies of Shenzhen Stock Exchange in recent 10 years as the research sample,this paper analyzes from the perspective of government audit coverage and government audit punishment,studies whether government audit plays a functional role in state-owned enterprises and social audit,and empirically tests the impact of government audit on the quality of accounting information of state-owned enterprises and non-state-owned enterprises.The conclusions of this paper are as follows:(1)The coverage rate of government audit is significantly positively correlated with the accounting information quality of state-owned enterprises and their subordinate holding companies.The coverage of government audit is significantly positively correlated with the accounting information quality of state-owned enterprises and their holding listed companies in the next year,but the promotion effect is more prominent in the first year.There is no obvious correlation between the severity of punishment of government audit and the accounting information quality of state-owned enterprises and their subsidiaries.(2)The coverage rate of government audit has no correlation with the accounting information quality of non-state-owned enterprises.There is also no correlation between the punishment intensity of government audit and the accounting information quality of non-state-owned enterprises.Because the penalties for government audits are generally too mild,they cannot reach the minimum limit to curb violations.Based on the research conclusions,this paper puts forward the following suggestions for government audit to play an effective role in improving the quality of accounting information of state-owned enterprises and play a guiding and supervising role in social audit.(1)We will increase penalties for government auditing and strictly enforce them.(2)We should continue to improve the coverage of government audit and play a synergistic role with the government audit treatment and punishment.(3)The government audit should also pay attention to the review of the audited enterprises and enhance the promotion of the quality of enterprise accounting informatio.(4)Establish and improve communication channels of audit information,improve the level of development and utilization of audit results,and play a guiding role in social audit.(5)Government audit should also strengthen the quality construction of audit personnel of audit institutions at all levels.