Research On The Influence Of Related Party Transactions On The Type Of Audit Opinion

With the development of economy and the expansion of enterprise scale,related party transactions have gradually become an important part of enterprise's economic activities.The related party transaction can not only reduce the internal transaction costs,improve the transaction efficiency,but also damage the interests of small and medium shareholders.In addition,the related party transactions are diverse and covert,which poses a great challenge to regulation and the third party evaluation.The accounting standards for enterprises in our country have made certain specifications for the disclosure of related party transactions.However,because the related party transactions are the internal economic transactions of the enterprise groups,the transaction price and information of the transaction are difficult to be the same as those in the market,so the enterprise is easy to operate the surplus through the related party transactions.At present,most of the research focuses on the scale and frequency of the related party transactions,but does not pay attention to the two-way effect of the related party transactions,and then does not distinguish the roles in different directions,resulting in the counteraction of the opposite direction and the uncertainty of the research results.In addition,little attention has been paid to the impact of related party transactions on the third party evaluation,namely audit.Therefore,this study will make up for this shortcoming,subdivide the related party transactions,and focus on the impact of the related party transactions on the type of audit opinion after the subdivision of the related party transactions.It is necessary to study whether audit opinions issued by CPA can objectively and accurately reflect the operating conditions of enterprises.In order to make the research representative,the 2014-2016 three year data are selected,and the sample of the listed companies of A stock in Shanghai and Shenzhen stock market is taken as the sample,and the empirical research is carried out through the normative research and the hypothesis and the establishment of the research model.To explore the impact of the related party transactions after subdivision on the types of audit opinions.Through the inspection,it is found that the influence of the related party transactions of the key managers' compensation and the decision-making usefulclass on the audit opinion is not obvious.It shows that the phenomenon of the earnings manipulation by the attractive executives is not common.It is found that opportunistic and secured related party transactions are negatively related to audit opinions.According to the research results,it is suggested that enterprises should further improve internal governance in the future business process,strictly control related guarantee and strengthen supervision.In addition,certified public accountants and other auditors need to further improve their practicing ability,maintain independence and enhance their professional ethics.