Author(s)

Zhaoyu Li

Corresponding Author

Zhaoyu Li

ABSTRACT

The concept of audit has been developing continuously, and the audit quality mainly includes the quality of audit work, report and system evaluation, and the relevant stakeholders of the company value the audit report issued by it most. Audit is inevitable and has its limitations. There are many factors that affect the judgment in the daily management of the company, which makes the quality of audit reports mixed, and fraud cases emerge one after another. It is difficult for relevant investors and stakeholders to judge the audit. The influence of the quality of financial statements of listed companies is one of the important manifestations. This paper tries to study the influence of audit committee and director system of listed companies on the quality of financial statements under different ownership systems. The term of office of internal and external directors on the board of directors increases, the shareholding ratio increases, and their positions in other companies decrease. Analyze the use of enterprise funds under different ownership systems, grasp the problems in the use of funds in the development process of enterprises, and provide effective data support for the follow-up management and capital utilization.

KEYWORDS

Different ownership systems, Audit committee of listed companies, Director system, Quality of financial statements