| In 2015,the International Board of Auditors and Assurance Standards(IAASB)issued a series of new guidelines for auditing and reforming the model of the auditing report.In order to converge with international auditing standards,on December 23,2016,the Ministry of Finance issued 12 new auditing standards,"Communicating Key Audit Issues in Audit Reports".The new audit guidelines promulgated the first rigid mandatory A + H listed companies in the domestic annual audit reports need to comply with the new guidelines,January 1,2018 began its full implementation.Based on this,this paper first summarizes and analyzes the auditing of the financial statements of the 95 A + H listed companies,and then provides a good chance of natural experiment according to the implementation of the New Audit Report as an exogenous shock.Therefore,taking A + H listed companies as experimental groups and A-share listed companies that did not implement the new auditing standards as the control group,this paper uses the method of Difference-in-Differences(DID)"The impact of the implementation of the policy on the audit quality and analyze the amount of information disclosed in the audit report under this policy and the relationship between the amount of information disclosed in the key audit matters and the audit quality.This paper includes seven chapters.The first chapter is the introduction;the second chapter is the literature review,which reviews the literature of the audit reporting standards and the factors that affect the audit quality;the third chapter is the implementation of the new guidelines of the audit report,which mainly introduces the new audit report The implementation of the guidelines for A + H listed companies mainly analyzes the industry distribution of A + H shares,the participation of firms and the disclosure of key auditing matters,and provides background analysis for the following empirical research on A + H shares.The fourth chapter is the theoretical analysis and research hypothesis,which mainly introduces the definition and theory of the change of the new audit standards and the related concepts of the audit quality,provides the theoretical basis for the empiricalresearch below,and puts forward the research hypothesis based on the theoretical analysis The fifth chapter is the research design,which tells the specific choice of the sample,the data sources collected and the explanatory variables,the explanatory variables and the control variables.Finally,the research model of this article is designed.The sixth chapter is the empirical analysis,including the description Sex statistics and correlation analysis,propensity score Matched sample results,double difference analysis,multiple regression Analysis and robustness test;Chapter VII of the conclusions and policy recommendations This section includes conclusions,recommendations put forward measures against the findings,and discusses the outlook in the limitations of this study and future research content.This study finds that:1.Theoretical analysis shows that the new auditing report on the CPA’s practice to determine the basis and process to make more specific provisions for Certified Public Accountants to "procedural rationality" to provide the basis and the disclosure of information required to increase the above measures So that the CPA to assume greater risks,so that auditors audit more cautious and strengthen the CPA’s practice of liability,the potential threat of litigation allows the accounting firm will pursue a higher audit quality,and then in the audit process will be more detailed Audit the audited units,the audited unit found problems,which helps to improve the quality of auditing.2.The results of double difference experiment show that the quality of auditing quality before and after the implementation of the new A+H listed companies and the new A+H listed companies,and the difference between the two,shows that the introduction of the new auditing standards does help to improve Audit quality.3.The amount of information disclosed in the audit report and the amount of information disclosed by the key audit items on the audit quality The experimental results show that:(1)The greater the amount of information disclosed in the audit report,the higher the audit quality;(2)The more information disclosed in the key audit matters,the higher the audit quality.To some extent,this study expands the research on the effect of A+H listed companies on the new standard of audit report.At the same time,I hope this article can provide some empirical evidence for the policy making department. |
