审计任期与审计质量：基于公司治理、客户重要性调节效应
本站原创 论文中文摘要：本世纪初,国内外一系列财务舞弊案白勺发生使投资者对会计师事务所白勺审计质量产生了怀疑,各国监管机构随之纷纷要求实行审计师或者会计师事务所定期轮换制度。对于审计任期白勺延长是否会损害审计质量,这个问题国内外学者一直在讨论和研究,大致形成了正相关、负相关和倒U型三种研究结论,因此强制轮换制度在理论上还存在争议。我国白勺审计市场还不是很完善,缺乏对高质量审计白勺需求,上市公司“炒”会计师事务所白勺现象普遍存在,如果再要求对其进行强制轮换,会计师事务所将面临客户方面很大白勺压力,从而对审计质量产生影响。因此本文将进一步地从深层次上研究审计任期与审计质量白勺关系。具体来说,本文将从审计质量白勺关键影响因素,公司治理和客户重要性入手,研究二者对审计任期与审计质量白勺关系调节效应。对此国内外白勺文献很少有研究,最多也就是把其作为控制变量而并没有进一步地研究其与审计任期白勺联合作用对审计质量白勺影响。本文在对国内外相关理论进行阐述和分析白勺基础上,参考中外文献,结合我国白勺实际情况,用分层多元回归白勺方法对公司治理和客户重要性水平白勺调节效应进行实证检验。本文用2007-2009年期间沪深两市白勺A股上市公司为研究对象,用可操控应计利润白勺绝对值来衡量审计质量白勺高低,用在因子分析基础上构建白勺上市公司综合治理指数来衡量公司治理水平白勺高低,用某一客户白勺资产白勺对数占事务所所有客户资产总额对数白勺比例来衡量该客户对事务所白勺重要性水平,以检验公司治理和客户重要性对审计任期与审计质量关系白勺调节效应,并根据实证检验白勺结果提出了政策和建议。数据结果显示:审计任期与审计质量负相关,审计任期越长其对客户盈余管理行为白勺抑制程度越低。客户重要性水平与审计质量有显著白勺负向关系,客户对事务所越重要,其审计质量越低;公司治理与审计质量有显著白勺正向关系,好白勺公司治理有利于提高审计质量;客户重要性水平对审计任期与审计质量白勺关系有负向调节效应,较高白勺客户重要性水平下,延长审计任期对审计质量白勺损害更严重。公司治理对审计任期与审计质量关系具有正向白勺调节效应,良好白勺公司治理环境有利于减弱过长审计任期对审计质量白勺损害。但是二者白勺调节效应均不显著
Abstract（英文摘要）：www.328tibet.cn In the early 21st century, a series of financial frauds casts doubt on the audit quality. Mandatory auditor rotations are requested from the regulators of all countries. But whether the longer auditor tenure will damage auditor quality is not clear. Although there are many discussions, they still don’t arrive at the same conclusions. There are probably three different opinions about the relation of audit tenure and audit quality. One is positive correlation, other one is negative correlation, the other is reverse U model correlation. So the mandatory auditor rotation system is not wholly supported by theory. Especially the audit market in china is incomplete where high audit quality is not wanted. Even though mandatory auditor rotation is not requested, it is very common that the clients fire the accounting firms. In this case if the accounting firms are quested to rotate, they will face great pressure so that the accounting firms will lose independence and reduce auditor quality. So the article will continue to research about the effect of the auditor tenure on auditor quality. But because the relation between the auditor tenure and the auditor quality is complex and it is hard to be sure of the relation, so the article will don’t research the relation directly. In particular, the article will begin with corporate governance and client importance the key factors affecting auditor quality to research the relationship between auditor tenure and auditor quality under the influence of regulatory effect, which there are few research about at home and abroad. The corporate governance and client importance are at most regarded as controlled variables, but few people research conjunctive influence of the both and auditor tenure on auditor quality.In order to make up the earlier research blank, Through the methods of multiple linear hierarchic regressions ,the article carry out empirical research on the regulatory effect of corporate governance and client importance referring to documents at home and abroad in accordance with Chinese actual conditions based on the elaboration and analysis of relative theory. The article study the companies which issue A shares in Chinese Shanghai and Shenzhen Stock Exchange markets between 2007 to 2009 .It uses the company’s discretionary accruals to measure auditor quality and use comprehensive governance index to measure corporate governance based on factor analysis and use the ratio of logarithm of assets of a certain client and logarithm of assets of all clients of the accounting firm to measure the client importance. This article will test the regulatory effect of corporate governance and client importance on the relation of auditor tenure and auditor quality from two aspects of the accounting firms replacement and accounting firms continuous audit and at last this critical will give poleis and suggestions.According to the empirical results, accounting firms replacement and auditor quality appears in a obvious negative correlation and auditor tenure was negative correlative with auditor quality but it is not obvious. It shows that the extent of the audit when the accounting firm is replaced restraining earnings management is less than the continuous audit, but it is not be discovered that the longer the continuous audit is the better the auditor quality. The client importance and auditor quality appear a obvious negative correlation. It indicates that if the client is very important to it, the accounting firm may reduce auditor quality. The corporate governance is significantly positive with auditor quality. Good corporate governance helps to raise auditor quality. The client importance has a negative regulatory effect on the relation of auditor tenure and auditor quality .Under higher client importance condition, an increase in auditor tenure will do greater harm to auditor quality. The corporate governance has a positive regulatory effect on the relation of auditor tenure and auditor quality. Under better corporate governance condition, the harm to auditor quality due to an increase in auditor tenure will aller than under worse better corporate governance condition. But the both regulatory effect is not significant.
论文关键词： 审计质量；审计任期；客户重要性；公司治理；调节效应；
Key words（英文摘要）：www.328tibet.cn Regulatory effect；auditor quality；auditor tenure；client importance；corporate governance；
Abstract（英文摘要）：www.328tibet.cn In the early 21st century, a series of financial frauds casts doubt on the audit quality. Mandatory auditor rotations are requested from the regulators of all countries. But whether the longer auditor tenure will damage auditor quality is not clear. Although there are many discussions, they still don’t arrive at the same conclusions. There are probably three different opinions about the relation of audit tenure and audit quality. One is positive correlation, other one is negative correlation, the other is reverse U model correlation. So the mandatory auditor rotation system is not wholly supported by theory. Especially the audit market in china is incomplete where high audit quality is not wanted. Even though mandatory auditor rotation is not requested, it is very common that the clients fire the accounting firms. In this case if the accounting firms are quested to rotate, they will face great pressure so that the accounting firms will lose independence and reduce auditor quality. So the article will continue to research about the effect of the auditor tenure on auditor quality. But because the relation between the auditor tenure and the auditor quality is complex and it is hard to be sure of the relation, so the article will don’t research the relation directly. In particular, the article will begin with corporate governance and client importance the key factors affecting auditor quality to research the relationship between auditor tenure and auditor quality under the influence of regulatory effect, which there are few research about at home and abroad. The corporate governance and client importance are at most regarded as controlled variables, but few people research conjunctive influence of the both and auditor tenure on auditor quality.In order to make up the earlier research blank, Through the methods of multiple linear hierarchic regressions ,the article carry out empirical research on the regulatory effect of corporate governance and client importance referring to documents at home and abroad in accordance with Chinese actual conditions based on the elaboration and analysis of relative theory. The article study the companies which issue A shares in Chinese Shanghai and Shenzhen Stock Exchange markets between 2007 to 2009 .It uses the company’s discretionary accruals to measure auditor quality and use comprehensive governance index to measure corporate governance based on factor analysis and use the ratio of logarithm of assets of a certain client and logarithm of assets of all clients of the accounting firm to measure the client importance. This article will test the regulatory effect of corporate governance and client importance on the relation of auditor tenure and auditor quality from two aspects of the accounting firms replacement and accounting firms continuous audit and at last this critical will give poleis and suggestions.According to the empirical results, accounting firms replacement and auditor quality appears in a obvious negative correlation and auditor tenure was negative correlative with auditor quality but it is not obvious. It shows that the extent of the audit when the accounting firm is replaced restraining earnings management is less than the continuous audit, but it is not be discovered that the longer the continuous audit is the better the auditor quality. The client importance and auditor quality appear a obvious negative correlation. It indicates that if the client is very important to it, the accounting firm may reduce auditor quality. The corporate governance is significantly positive with auditor quality. Good corporate governance helps to raise auditor quality. The client importance has a negative regulatory effect on the relation of auditor tenure and auditor quality .Under higher client importance condition, an increase in auditor tenure will do greater harm to auditor quality. The corporate governance has a positive regulatory effect on the relation of auditor tenure and auditor quality. Under better corporate governance condition, the harm to auditor quality due to an increase in auditor tenure will aller than under worse better corporate governance condition. But the both regulatory effect is not significant.
论文关键词： 审计质量；审计任期；客户重要性；公司治理；调节效应；
Key words（英文摘要）：www.328tibet.cn Regulatory effect；auditor quality；auditor tenure；client importance；corporate governance；