An Empirical Study On The Correlation Between Board Characteristics And Audit Opinion

The audit opinion is important to enterprise's stakeholders,it decides the legality of the enterprise accounting information.As the core of corporate governance,the board of directors have two functions: supervision and strategic decision-making,the board system directly affects the quality of accounting information and audit opinions.The research on the relationship of board and audit opinion are focused on the overall level,such as the size of board,the ratio of the second division,the proportion of the independent directors,the number of board meetings and the remuneration of the directors.However,there are few researches on individual level.In this paper,there are new variables: the members of female directors,the average age of directors and the academic qualifications of chairman.In this paper,the private listed companies are looked as research object to study the relationship between them,improve the framework of private listed companies and the type of audit opinions.This paper is divided into five parts: the first part is introduction.It includes research background,research significance and research status;The second part is about concepts and theoretical basis.This part introduced key concepts and theory:principal-agent theory,stakeholder theory and high level echelon theory,and analyses the detailed relationship between board characteristics and audit opinion.The third part is empirical research design.This paper discussed the following characteristics of the board: the characteristics of diligence(number of board meetings),structural characteristics(board size),incentive characteristics(directors' annual remuneration),personnel characteristics(gender,age,education);the fourth part is the empirical analysis and the results.Pearson correlation coefficient analysis,Logistic regression analysis and robustness test are used in empirical research method;The fifth part is conclusion and policy suggestion.This paper puts forward some policy suggestions on the characteristics of board,at the same time,research limitations and research prospects are included.