Professional Judgment Of Auditing , Going-concern Uncertainties And The Test Of Theirs' Judgmental Quality

Audit opinion is a product that the CPA to fulfill its responsibilities and verify the financial reports of listed companies on the quality of information then released, become an important basis for decision-making, and the audit opinion is independent of the listed companies and stakeholders. Therefore, the types of audit reports with the listed company, attached great importance to all aspects of enterprise stakeholders, and have an important impact on their decision-making behavior. But correct audit opinion from a right professional judgment of the CPA, and actually, the audit opinion is an outcome about the reliability of accounting information. Thus the professional judgment capacity of the CPA will directly affect the quality of the audit opinion. However, the ability to professional judgment has impacted with the level of the going-concern viability about the listed companies. "The Chinese Institute of Certified Public Accountants Auditing Standards No. 1324– Going-concern" in Article IV, in the planning and implementation of audit procedures and evaluate their results, the CPA should be considered that the management using the going concern assumption appropriateness in the preparation of financial statements. And on the appropriateness of the going concern assumption should be considered throughout the audit process.In gradually complicated economy environment in the nowadays, especially with the financial crisis broke out, resulting in going-concern uncertainties of the audited enterprises gradually increased. Many do not have historical data or previous experiences for reference; make for increased risk of the audit of certified public accountants. And in order to strengthen the professional ability to judge the capacity of the significant uncertainties, to improve the quality of professional judgment of the CPA, we are going to study going-concern uncertainties among professional judgment.In this paper, we start from the substantial doubt matters, and based on the uncertainty of the economy business and the impact on the financial statements, to make the substantial doubt matters into high, medium and low categories, and then estimate the going-concern ability of the company. That is, we judge the going-concern ability of the company in accordance with the audit report issued by the substantial doubt matters, and the high and medium degree of uncertainties in the classified as a class, the low level of going concern uncertainty in the classified as a class to study going-concern uncertainties among professional judgment. In order to more fully validate the conclusion of the study, we are continuing operations to a low and medium degree of uncertainties in the classified as a class, the high degree of uncertainties as a class to prove the conclusion. In the conclusions, we further in accordance with Zhang Ling (2000) established by discriminant analysis of the financial crisis early-warning model to calculate of the average Z score of listed companies in two years of follow-up, and the mean score of the listed company as the benchmark, if the company'Z score is bigger than the mean score, then we think that the going-concern uncertainties of the company is in the low level, otherwise in the high degree. That is, we judge the going-concern ability of the company in accordance with the actual situation of enterprises listed in the follow-up period, and verify the relevance between the going-concern uncertainty the quality of professional judgment of auditing.