The Research Of Correlation Between The CPA Audit Market Characteristic And The Audit Opinion

In modern times, the ownership and management of property have been separated. So the owner and the investor's control function becomes indirection. They use accounting information to oversee and estimate the manager's ability. So the information becomes more and more important. The Certified Public Accountant (CPA) is a profession that accord the audit activity to produces an opinion which assure the accounting information's validity, fairness, accuracy and so on. Corresponding to this important effect the whole capital market constitutes the audit market. As the conception of the economic market, the audit market as our considered in this article, is the trade function which around the supplier and demander mutually, in this action the CPA and the client constitutes the right and obligation relationship.The purpose of the market is collocating the resources effectively. so, the efficiency of the audit market represent that, the relative information produced from audit activities is objective, sufficient and reliable, and the delivery of information is also effective. The CPA profession can offer more reliability information. But the audit markets'character is imperfect information. Under this influence, we based on the theory about audit market and audit opinion, analyzing the correlation between them to find out the actual situation of our audit market. The results from our analyzing indicate that the market demander have no impetus to ask for high quality audit service, it makes the accounting firm have no incentive to produce high quality audit information; the audit production's quality can not be detect directly, makes the price of it can not reflect its quality; compare with the audit market of foreign county, ours'concentration still lower than them, and makes the severity market competition. According to the theoretic analyzing, we go on the research with the positive test to confirm the results. At last, we advanced some suggestion accord with the results of theoretic and positive analyzing, to compose an audit market which can offer high quality audit opinion, and exert the important effect of audit better.