The Inconsistency of Financial Reports and Internal Control Audit Opinions and Corporate Dual Innovation

DOI

10.2991/assehr.k.210121.144How to use a DOI?

Keywords

Financial report audit, Internal control audit, “Non-clean” audit opinion, Exploratory innovation, Exploitative innovation

Abstract

Based on the core role of innovation in China’s overall development, here in we investigated the relationship between the inconsistency of financial reports and internal control audit opinions (hereinafter referred to as IFRICAO) and dual innovation by taking Chinese companies which were listed on the main board from 2010 to 2018. We provide direct evidence that IFRICAO are negatively correlated with exploratory innovation and exploitative innovation. Compared with the exploitative innovation, the negative correlation between IFRICAO and exploratory innovation is more significantly. To summarize, we enrich the research on the influencing factors of innovation in theory, and provide empirical evidence for the information value of audit opinions on national innovation in practice.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Xiang Xiao
AU  - Ziqin Yu
AU  - Yuxian Jiang
PY  - 2021
DA  - 2021/01/23
TI  - The Inconsistency of Financial Reports and Internal Control Audit Opinions and Corporate Dual Innovation
BT  - Proceedings of the 6th Annual International Conference on Social Science and Contemporary Humanity Development (SSCHD 2020)
PB  - Atlantis Press
SP  - 722
EP  - 726
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210121.144
DO  - 10.2991/assehr.k.210121.144
ID  - Xiao2021
ER  -