Analysis of the impact of Information Disclosure Violation on audit opinions and audit fees of listed companies

DOI

10.2991/isemss-19.2019.72How to use a DOI?

Keywords

Information Disclosure, Violation, Audit opinion, Audit fees

Abstract

In the first half of 2018, there were 63 cases of information disclosure violations in listed companies, accounting for nearly 40% of the administrative penalties imposed by the SFC. This paper takes information disclosure violations as a starting point to investigate the impact of corporate information disclosure violations on audit opinions and audit fees. We choose the data of manufacturing listed companies from 2012 to 2017 for regression analysis, and the results show that there is a significant positive correlation between information disclosure violation and non-standard audit opinions issued in the same year, audit fees in the same year and subsequent years. The results show that audit verification of accounting firms can identify violations of corporate information disclosure, and make appropriate “response” through audit opinions and audit fees.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Ya Liu
AU  - Zhao Yuanyi
AU  - Wang Jue
PY  - 2019/09
DA  - 2019/09
TI  - Analysis of the impact of Information Disclosure Violation on audit opinions and audit fees of listed companies
BT  - Proceedings of the 2019 3rd International Seminar on Education, Management and Social Sciences (ISEMSS 2019)
PB  - Atlantis Press
SP  - 377
EP  - 384
SN  - 2352-5398
UR  - https://doi.org/10.2991/isemss-19.2019.72
DO  - 10.2991/isemss-19.2019.72
ID  - Liu2019/09
ER  -