Research On The Influence Of New Auditing Standards For Reports On Auditing Report Lag

The 2015 International Auditing Standards reformed the current audit reporting model.Based on the need for sustained and comprehensive convergence with international auditing standards,the Ministry of Finance of the People's Republic of China has formulated or revised 12 auditing standards related to audit reports based on the international auditing standards.This constituted the basic norm of China's Certified Public Accountant audit reporting model..The new auditing standards for reports are an important milestone in the reform of China's audit report,which is conducive to improving the information content of the audit report and enhancing the transparency of the audit work.At the same time,changes in auditing standards have increased the workload of auditors and greatly increased the time pressure on auditing,which has brought about a change in the auditing report lag.Therefore,the impact of the new auditing standards for reports on the auditing report lag can be of great significance in enriching the effect of the reform of China's audit report.This article first sorts out and summarizes the implementation of the new auditing standards for reports in the audit of the annual report of A+H shares listed companies,and then uses the new auditing standards for reports to take the lead in offering good natural experiment opportunities in the audit of A+H shares listed companies.Taking the 2015-2016 A+H share listed company as a sample,the Difference-in-Differences(DID)was used to study the impact of the new 2016 auditing standards for reports on the auditing report lag.This paper is divided into seven chapters.The first chapter is the introduction.The second chapter is the literature review.It mainly reviews and collates the current domestic and foreign relevant literature on the new auditing standards for reports and the auditing report lag.The third chapter analyzes the implementation status of the new auditing standards for reports.It mainly analyzes the status quo of the implementation of the audit report of the A+H share company that implements the new auditing standards for reports.Chapter 4 is the theoretical analysis and research hypothesis.It first explains the concept of the new auditing standards for reports and the auditing report lag.Secondly,based on related theories,two research hypotheses are proposed.The fifth chapter is the introduction of research design,which is the explanation of the research variables and models.The sixth chapter is a chapter of empirical analysis.It includes experiments on two models and introduces various empirical tests and results such as self-descriptive statistics,correlation analysis,double difference and multiple regression,model robustness test,and so on.The seventh chapter is a summary of the chapter,summarizes the results,rethinks where the experiment is imperfect,and makes assumptions about the perspectives and directions that can be studied in the future.The main conclusions of this paper are:(1)The reasons for the extension of the auditing report lag include the adaptation of the certified public accountant to the new auditing standards for reports,the increase in audit work and prior training to achieve the disclosure requirements for the new auditing standards for reports,and the increase in the communication time with the management.(2)The impact of critical audit matters on the auditing report lag is not significant.Due to the impact of critical audit matters and the scope of the sample,the study did not find significant impact of critical audit matters on the auditing report lag.(3)There is a significant positive correlation between the type of firm,ownership concentration,audit fees,board size,and the auditing report lag.There is a significant negative correlation between the ROE,company losses and the auditing report lag.The size of the company,the proportion of independent directors,and the nature of property rights did not pass the significance test in this study.