Study On The Influence Of Board Characteristics Of State-owned Listed Companies On Audit Quality Of Certified Public Accountants

The economic development is rapid and the high quality resources are limited,so the enterprises in order to compete for more resources with disclosing false financial information for further development of enterprises.The securities and futures commission、Shanghai Stock Exchange and Shenzhen Stock Exchange disclose many companies that violate the rules,even punish them every year,thus making investors to hold a lot of doubt the truth of the company’s financial information.What’s more,separation of ownership and control power of the enterprise making shareholders and managers get asymmetric information.Some managers have a purpose to conceal the enterprise adverse economic conditions and financial information for getting more self-interest,and their behavior make the enterprise itself and investors with a lot of losses.How to ensure enterprise financial information disclosed by the real full is urgent.To solve this problem,we should not only do good governance in the company,but also make external supervision At present,the external supervision accepted by shareholders in the market is the auditing of accounting firms.Through the implementation of audit procedures,accountants reasonably ensure that the financial information provided by the management of enterprises is true and complete and can be trusted by shareholders.Therefore,improving the audit quality of certified public accountants can strengthen the external supervision of enterprises to a certain extent.Therefore,this paper chooses to study the audit quality from the perspective of the auditees and investigate how different board characteristics affect the audit quality.Through studying the literature at home and abroad,this paper summarizes and analyzes the literature about the board of directors characteristics and audit quality,summed up the views of scholars both at home and abroad,and review the related literature.And then selected the seven representative variables to measure the characteristics of the board of directors,these variables can be divided into two kinds,one kind is the overall characteristics,mainly including the size of the board of directors,the leadership structure of the board of directors,the independence of the board of directors,the diligence degree as well as the set up of the audit committee of the board of directors;The other category is personal characteristics,mainly including the overseas background and network of the members of the board of directors,and based on relevant theories,the seven hypotheses of this paper are put forward.The last,the data of state-owned enterprises in a-share listed companies are selected,and the design regression model can be used to analyze whether audit quality can be influenced by the characteristics of the board of directors and the degree of influence.After the regression,this paper make a robustness test to the study model with members of the board of directors overseas’overseas background and the audit quality of certified public accountants,and test results are consistent with the main regression results.The relationship of the scale of the board of directors and the audit quality is not significant;The independence of the board of directors,the number of meetings of the board of directors,the establishment of the professional committee and the overseas background of the board members have a significant positive correlation with the audit quality;The leadership structure of the board is negatively correlated with audit quality,but not significant.At the end of the paper,author analyses the reason of partial hypothesis that are failed and put forward some suggestions.