Research On Uncertainty And The Quality Of Audit Information

The world is full of uncertainty. Since Knight systematically discussed uncertainty in 1921, the research on uncertainty has made considerable progress, and now it becomes an important respect that people know the world. According to its different causes of occurring, uncertainty can be divided into exogenous uncertainty and endogenous uncertainty.In the economic field, with the constant development of the capital market, audit information becomes more and more important and has been an important basis for investor, creditor and other information users to make the important decisions. With no doubt, the quality of audit information is essential. As to this, hundreds of domestic and international scholars have carried on a lot of helpful research on the quality of audit information from audit term, audit charge, audit market concentration degree and so on separately. However, in audit practice, even certified public accountant launches the work of audit according to the auditing standards strictly, they may still produce greater auditing risk, providing improper or even wrong auditing conclusions. The reason is that there are great deals of deterministic uncertainties in the whole audit procedures. They reduce the quality of audit information. This has also been reflected in the goal of audit and the responsibility of audit. The auditing goal at present is to appraise the accounting statements, meanwhile, only reveal extreme frauds and illegal acts which have direct influence on the content of the financial statement, but not all. The existences of faults are also admitted clearly in the auditing responsibility. So, once we want to improve the quality of audit information, promote the sound development of national economy, we must find out the uncertainty existed in the audit procedure, analyze its formation mechanism thoroughly and carry on effective control to it.The article draws lessons from the information transmission model in the...