The Audit Quality Spillover Effect of the Random On-Site IPO Inspections:From the Perspective of Audit Linkage
As one of the important regulatory measures supporting the registration system,the ran-dom on-site inspections of IPOs can improve the professional quality of auditors.Taking the IPO en-terprises listed from 2014 to 2021 as the research objects,this study focuses on the audit quality spillover effects of the random on-site inspections of IPOs from the perspective of audit linkage.The findings show that the random on-site inspections of IPOs can improve the audit quality of accounting firms in their auditing of the connecting enterprises.The mechanism analysis reveals that the random on-site inspection of IPO has improved the risk perception level and professional ability of auditors,thereby enhancing the audit quality of audit linkage enterprises.The economic consequence analysis found that the random on-site inspections of IPOs have increased the success rate of IPO companies selected for on-site inspections.Therefore,in order to improve the quality of listed companies from the source,the regulatory authorities need to increase the intensity of random on-site inspections of IPOs,so as to strengthen the supervision of information disclosure of IPO enterprises and standardize the audit behaviors of accounting firms.
random on-site IPO inspectionsspillover effectsaudit linkageaudit quality
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