Abstract
<p><em>High quality independent audit can enhance the reliability of financial statement information, reduce the cost of principal-agent and improve the efficiency of market resource allocation. In China, the audit report should be signed and sealed by </em><em>auditor</em><em>. This means that audit liability can be traced directly to signed </em><em>auditor</em><em> individuals</em><em>, it is even more important to carry out the research on individual audit behavior and audit quality of signed auditor. The research contribution of this paper is to expand the relevant research on auditor discipline, and to deduce from “prior research” through theory. It is found that the low-quality audit behavior is a special case caused by the chartered accountant</em><em>’</em><em>s personal characteristics.</em></p>
Highlights
Since 1980s, when the CPA audit system was restored, the relevant government departments have attached importance to the audit supervision
The auditor’s gender, profession, age, experience, learning ability, and position all significantly affect the accrual of financial statements, gender, accounting and auditing related majors, older, Experienced and highly qualified auditors provide better quality audit services than other auditors
The low-quality audit is largely due to the personal characteristics of the signed CPA who failed the audit
Summary
Since 1980s, when the CPA audit system was restored, the relevant government departments have attached importance to the audit supervision. China Securities Regulatory Commission, and the audit services provided by them were undoubtedly of low quality Is it a special case caused by the individual characteristics of the signed CPA who failed to audit, or is it a common phenomenon caused by the weak quality control within the firm? DeAngel (1981) believes that large firms have a large number of customers, high quasi-rental, and a corresponding higher independence of certified public accountants, so the audit quality is higher. Earlier experimental studies, such as Libby (1990) and Tan (1995) have found that the personal experience of certified public accountants has an impact on their audit decision-making behavior, and on audit quality. In the practice of certified public accountants, it is possible to do a better job in complying with the professional conduct of certified public accountants. Chin and Chi (2009) found that the auditor’s individual industry expertise significantly reduced the likelihood of a company rewriting its financial statements
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