Research On The Influence Of Religious Tradition On The Office-level Audit Quality Based On Marketization Process

In recent years,under the impetus of market and policy support,China's accounting firm branches play an important role in the capital market and become an important force in the auditing profession of CPA.The audit quality is very importa nt to the information transparency of the capital market and the protection of the stakeholders' decisions and interests.As a relatively independent business unit within the accounting firm,its distribution has a distinct geographical distribution.China 's regional economic development is rather uneven,and there are great differences in the process of marketization.So that different regions show different institutional environment.Can the process of local marketization affect the office-level audit quality? At the same time,previous studies focused on the impact of formal systems such as law,ignoring the potential impact of religious tradition as an informal institution on the office-level audit quality and the joint impact of formal institutions and informal institutions on the office-level audit quality.This paper based on the information asymmetry theory,rent-seeking theory,reputation mechanism,deep pocket theory,the theory of moral sentiments,social norm theory such as the analysis framework,used 2011 to 2016 China's A shares listed companies as research samples,used audit reporting aggressiveness to measure office-level audit quality,discuss the influence of the marketization process on the officelevel audit quality,the influence of the religious tradition on the office-level audit quality,and the moderating effect of the marketization process on the relationship between the religious tradition and the office-level audit quality.The research shows that the marketization process and the religious tradition are positively related to the office-level audit quality;and compared to the higher marketization process,when the marketization process is low,the religious tradition can significantly improve the office-level audit quality,which shows that the religious tradition can play the social norm role and improve the office-level audit quality when the formal system is not perfect.This results provides a reference for our office-level audit research.Further studies found that the relationship between the marketization process,the religious tradition and the office-level audit quality is only significant in the office-level,and is more significant in the audit office with non-industry expertise and after the transformation.On the basis of the above conclusions,this paper proposes to continue to promote the market reform in order to improve the office-level audit quality,to guide the informal system to play an active role in the office-level audit,and to enhance the strength of the audit office.Based on the special institutional environment and regional distribution characteristics of our country,this paper discusses the influencing factors of the office-level audit quality,increase the research literature on the officelevel audit,at the same time,this paper provides theoretical support for improving the office-level audit quality,and also provides a reference for the governance of audit office.