The Internal Audit Department Head Features And Surplus Quality Correlation Studies

The development of Chinese capital market started relatively late,but in recent years,with the deepening of national reform on capital market,capital market in our country got very fast development,become a kind of important social resource allocation channels.Rapid development of capital market,however,also appeared many problems in the process,major trend in recent years accounting fraud cases fully reflects many don't exist in the regulatory capital market in China is still in place.How to ensure the company's accounting information quality improved steadily,promote increasingly standardized operation of listed companies,promote the orderly for the long-term development of capital market of our country,has received the widespread attention from all walks of life.Surplus information as an important part in a lot of accounting information,surplus information on your company's financial report released height will directly affect the quality of the information users to make relevant decisions.As a result,the surplus information is vital for many of the participants are on the market.Research on earnings management,foreign scholars began in the 1970 s to the earnings management question for study,for how to inhibit excessive earnings management behavior management authorities,scholars from many different perspectives are analyzed.Due to the capital market development in China started relatively late,the domestic scholars on the study of earnings management relative lag,the current research on earnings management is largely based on corporate internal control about human behavior characteristics whether there is any quality problem for the surplus of empirical research is relatively rare.In this paper,the characteristics of the internal auditing department director in relation to the earnings quality,analysis psychology related theory,and earnings management related theory,from the Angle of the internal audit department,director of personal characteristics analysis and research,head of the internal audit department and the relationship between earning quality and promote the diversification of research perspective of earnings management issues.In this paper,in the study of analysis mainly adopt the method of empirical research,part adopts normative research method.In the introduction and the theory analysis part adopts normative research method,elaborated the background and significance of thesis writing and reviewing the relevant research achievements were briefly reviewed.Analysis of the current academic circles on the general definition and basic characteristics of earnings management,earnings management behavior,as well as the motivation and the relationship with surplus quality psychology related theory,theory of a good groundwork for a subsequent paper writing.After the analysis of relevant theories,this paper analyses the main methods to calculate the degree of earnings management corresponding meter profit models,specific accrual profit model and frequency distribution model and the advantages and disadvantages of three kinds of measuring the degree of earnings management econometric model are analyzed,and finally determine the current mainstream accrued profit model of the separation.Accrued profit separation model,including many different econometric model,such as D-D model,the modified Jones model,etc.Papers on the accrued profit of main separation models are expounded respectively,and induce its expression,analysis of the applicable conditions of each model and the advantages and disadvantages,and in the reference are determined on the basis of existing literature modified Jones model is used to calculate the degree of earnings management.In the empirical research stage,the paper firstly combed the related theory and put forward five hypotheses,on this basis to determine the test five explanatory variables of the model.Due to the internal audit department head features are not specific quantitative index,so by setting the quantized treatment to the virtual variables.Then,in this paper,on the basis of summarizing the relevant research results to join five control variables in the regression model,finally established in this paper,the test model.Finally,collect the Shenzhen stock exchange in 2011-2015 small and medium-sized enterprise board listed companies' financial data and corporate governance,and to eliminate the financial company,ST and * ST listed companies,as well as a sample of those data can not meet the needs of the empirical research,finally get a total of 1591 samples.In the fifth part of the empirical analysis,the paper first explanation of the variables in the regression model and the control variables are descriptive statistics,Pearson correlation coefficient analysis was carried out on the explanatory variables,whether collinearity problem between test variables.And then by linear regression analysis of the internal audit department head features impact on earnings quality.Through the empirical research of this paper found that the company internal audit department head features has significant effects on the quality of the surplus.Among them,the internal audit department head's age,education background and work experience three variables had a significant difference to the quality of surplus.However,the head of internal audit department of gender and professional and technical level,there is no significant impact on the quality of the surplus.According to the results of empirical research of this paper,in the sixth part respectively from regulators,listed companies and investors three Angle is proposed.The protection of the rights and interests of investors and the healthy development of capital market regulators play an important role in them,the conclusion of the empirical analysis proves that the internal audit department chief characteristics have great effects on the quality of surplus,regulators,head of the company internal audit related information disclosure can be considered a request for further promotion.Research conclusion of this article is for the listed companies hire company provided the certain basis,head of the internal audit department.In addition,investors in making investment decisions can be company information disclosure of the internal audit department head as the estimated earnings quality is an important consideration,thus making more scientific and rational judgment to the value of the company.Study confirms that the Shenzhen stock exchange has issued the protection of the rights and interests of small and medium-sized enterprises board investors guidance,require disclosure of information,head of the company internal auditing has important practical significance,helps to further improve the supervision system of our country capital market,strengthening the protection of rights and interests of investors,institutional guarantee for the healthy development of capital market in China.