Research On Influence Of Internal Control Audit On Audit Opinion Of Financial Report

With the promulgation of the basic standard of internal control for enterprise and thesupporting guidelines of internal control for enterprise, internal control audit has been paidmore and more attention. Internal control audit is intimately involved with accountingaudit. The information disclosed by internal control audit reflects the effectiveness ofenterprise internal control, and because accounting audit includes the audit of enterpriseinternal control, the internal control audit will inevitably affect the audit opinion offinancial statements. This paper makes a research on the core issue of the influence ofinternal control audit on audit opinion of financial report.This paper attempts to combine normative analysis with positive analysis method tomake a research on the influence of internal control audit on audit opinion of financialreport. First of all, this paper reviews literature both at home and abroad about the internalcontrol audit and the influencing factor on audit opinion, analyzes and makes comments tothe literature, thus laying a foundation for the following theoretical analysis and empiricaltest. Secondly, this paper analyzes the principal-agent theory, information theory and theknowledge overflow effects and paves the way for the proposal of research hypotheses.Thirdly, data of A stock of the listed companies from Shanghai and Shenzhen’s stockexchanges is selected as the research sample, and the influence of internal control audit onaudit opinion of financial report is validated by Logistic regression analysis. The resultsshow that the listed companies through internal control audit are more likely to get thestandard audit opinion, and the influence of continuous internal control audit on auditopinion of financial report needs to be further studied. Moreover, the relation between thesize of audit firm and audit opinion of financial report has not been revealed. Finally, thispaper concludes its research results, putting forward corresponding suggestions for furtherpolicy making, analyzes the limitations of this study and suggests a new research directionfor further studies.