New securities law and audit governance:Based on the inhibitory effect of audit opinion shopping
The new Securities Law will increase the auditor's liability risk and adjust the audit market structure,which will affect the auditor-client resource allocation and lead to audit governance consequences.From the perspective of auditor-client resource allocation,this paper studies the inhibitory effect,mechanism and audit consequences of the new Securities Law on the influence of auditor-client mismatch on audit opinion shopping,so as to evaluate the audit governance effect of the new Securities Law.Research has found that the downward auditor-client mismatch exacerbates audit opinion shopping,while the upward auditor-client mismatch suppresses audit opinion shopping.The new Securities Law improves the degree of auditor-client mismatch,suppresses the impact of auditor-client mismatch on audit opinion shopping,and enhances audit quality.This study is conducive to decision-making agencies evaluate the implementation effectiveness of the new Securities Law,and has certain reference value for the allocation of audit client resources and regulatory governance of audit opinion shopping.
NETL
NSTL
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