Internal Control, External Audit and Corporate Cash Flow Risk
Based on the sample of A-share listed companies in Shanghai and Shenzhen from 2014 to 2019, this paper empirically tests the impact of internal control and external audit on corporate cash flow risk and the interaction between the two in affecting cash flow risk. The results show that high-quality i...
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Published in | E3S Web of Conferences Vol. 292; p. 2016 |
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Main Authors | , , |
Format | Journal Article Conference Proceeding |
Language | English |
Published |
Les Ulis
EDP Sciences
01.01.2021
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Subjects | |
Online Access | Get full text |
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Summary: | Based on the sample of A-share listed companies in Shanghai and Shenzhen from 2014 to 2019, this paper empirically tests the impact of internal control and external audit on corporate cash flow risk and the interaction between the two in affecting cash flow risk. The results show that high-quality internal control and external auditing can independently reduce corporate cash flow risks, and the two play a substitute effect in this process. The research conclusions expand the impact of the company’s internal and external governance mechanisms on cash flow risks, and are of great significance for companies to effectively use internal and external resources to prevent and manage cash flow risks. |
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ISSN: | 2267-1242 2555-0403 2267-1242 |
DOI: | 10.1051/e3sconf/202129202016 |