Analysis Of Non-standard Audit Opinions Of Domestic Listed Companies' Annual Reports

The goal of CPA's audit to the listed companies is to express audit opinions for whether their financial statements' are legal, fair and consistent. We can also say that the last products of CPA's audit are audit reports with different opinion types. Majority of the researches about domestic stock market indicate that CPA's audit reports are related to the investors' decision, and this relationship is becoming more inseparable. It can indicate that the audit opinions are more useful to investors' decision and investors are more dependent on the messages in audit opinions. The types of audit opinions have become research targets of many researchers because of it's importance. With the gradual specification of security market, the supervision polices be published and the change of economic and politic surroundings for listed companies and accountant offices, audit opinions are correspondingly changed. Statistics in recent years indicate that the types of non-standard audit opinions and the distribution of audit opinions are varying consistently.The author analyzes the audit opinions and related items systematically with qualitative and quantitative analysis, mainly include: research significance of audit opinions, factors affect the formation of non-standard opinions and its affections to the market and investors etc. The conclusions include: the amount of non-standard opinions is becoming more and these listed companies are worrying; the listed companies' own conditions (financial situation, trade elements etc) and conduction (earnings manipulation, accountant office alteration etc); CPA and related offices are important to audit opinion. Based on this, the author advances related policy and suggestions: strengthen the supervision of earnings management and accountant office alteration; enhance the quality of CPA and security investors, in order to make the audit opinions service the market, investor and supervisor better. As the body of security market, investors should treat different non-standard opinions correctly, find out the reasons and make different decisions according to different conditions.