Analysis on the Influence of Environmental Management System Certification on Audit Quality
As the environmental management system certification of voluntary environmental regulation,how will it affect the audit quality?Based on the empirical data of A-share listed companies from 2010 to 2019,this paper discusses the impact of environmental management system certification on audit quality.It is found that environmental management system certifi-cation can significantly improve the audit quality,and the robustness test proves that this conclusion is reliable.Further analysis shows that compared with enterprises with higher proportion of institutional investors,environmental manage-ment system certification can significantly improve the audit quality of enterprises with lower proportion of institutional in-vestors;compared with state-owned enterprises of central enterprises,environmental management system certification can significantly improve the audit quality of local state-owned enterprises and non-state-owned enterprises.Through the discussion of the mechanism,it is found that environmental management system certification has significantly improved the audit quality by improving environmental performance and improving internal control.The research shows that envi-ronmental management system certification can improve the probability of auditors finding misstatement and omission of financial report,and improve the audit quality of enterprise financial report.The research results expand the research on the economic consequences of voluntary environmental regulation,and provide empirical evidence for innovating environ-mental regulation and improving audit quality to promote high-quality economic development.
environmental management system certificationaudit qualitynature of property rightsinstitutional investors
NETL
NSTL
万方数据
