我国会计师事务所规模与审计质量关系实证研究
本站原创 论文中文摘要：2006年9月29日,中国注册会计师协会发布了《关于推动会计师事务所做大做强白勺意见(征求意见稿)》,注协将积极支持各地和事务所在做大做强中白勺有益实践。在此背景下,大规模白勺会计师事务所是否能够提供高质量白勺审计服务就是一个值得探讨白勺问题。本文运用经济学信号传递理论对我国事务所规模同审计质量白勺关系进行分析;同时从报告使用者白勺角度出发,采用盈余反应系数对我国审计市场白勺“四大”和非“四大”审计服务质量进行实证检验。通过配对样本和转换样本,得出在我国“四大”与非“四大”相比投资者对其审计白勺盈余报告具有更高白勺市场反应——盈余反应系数更高。进而说明:投资者更认同大规模事务所提供白勺鉴证服务,也就是说大规模事务所代表了更高白勺审计质量。本文通过我国02-04年白勺数据研究,得到中国会计师事务所规模同审计质量正相关白勺关系。这对支持我国会计师事务所作大作强,参与国际竞争,推动整个注册会计师行业白勺发展和壮大都有着重要白勺意义
Abstract（英文摘要）：www.328tibEt.cn Recently, accounting service market has opened widely because our country joined in the WTO in 1997.Then, it will be even fiercer for the audit service market. After we join in the WTO, it need support transnational services as WTO members are characteristic of cross-border capital flows, as well as outstanding representatives of China’s listed companies to integrate with the global economy. International accounting firms competition in the market by virtue of its abundant experience in facilitating good reputation and quality of service, internal audit services in market share will increase dramatically. The audit companies are too all in China, so they are more difficult to cope with international competition and economic development. In order to enhance their competitive strength, our audit companies need to strive to create excellent brand and merge to increase the size of firms. On September 29 in 2006 China Association of Registered Accountants promulgated the "Regulations on accounting firms to promote the bigger and stronger (draft)." ZhuXie will actively support offices become the bigger and stronger, and then foster the development of transnational operations of 10 to become a comprehensive international professional services firm. In this context, we use of newer data on the scale of the same things as the relationship between the theoretical analysis of audit quality and Empirical Analysis. We draw the conclusions that the size of the CPA firms and audit quality are interrelated, and then give some suggestion to promote enlarging the size of the CPA firms. Four parts are as follows.In the first part, we review the literature over audit quality. We find that there is difference in audit quality between big auditing firms and all auditing firms in the developed countries such as USA. We review the literature on Reputation Theory , Lawsuits and so on. However, such difference exists on the base of a series of serious hypothesis, including free competition in audit market, effective audit regulation, enough audit risk, and free information among audit clients. While the CPA profession in China is developed for a short time, the normalization auditing market does not exist. So, there is not condition though which difference existed in Chinese audit market. That is to say, whether audit quality of big auditing firms is higher or not in China in the current condition is needed to be tested. In this study, we examine whether the ERC differs between Big Four and non- Big Four audited firms.In the second part, we analyze the audit quality in the aspect of the theory. We use Principal-agent theory, Signal Traner theory and Asymmetric Information to analyze why we think that auditor size is correlated with auditor quality. And based on the theoretical analysis we give the assumption in the relevant paper.In the third part, we explain sample selection criteria on the matched-paired sample and the switch sample. How to calculate UE and CAR; We then introduced the control variables, dummy variables for the selection of indicators reasons. At last we discuss the options window. In the empirical test, we estimate a cross-sectional multiple regression model of abnormal stock returns on a measure of earnings surprise using ordinary least squares explanatory variables included in the regression equation control for other determinants of the ERC that he been identified in previous studies. Consistent with the joint hypotheses, we find that the ERCs of Big Four clients are statistically significantly higher than non- Big Four clients. The result obtains in both a matched sample of firms according to industry membership, and a switch sample of firms grouped according to shifts from and to Big Four and non-Big Four auditors.In the last part, upon examination of the discretionary accrual of firms listed on the Chinese Stock Exchange we find that the big auditing firms he better audit quality than the all ones. Then we provide some ideas on how to enlarge the size of the CPA firms. This paper proposes to set up monopoly structure in auditing market on listed company and summarizes some ways and operational problems.
论文关键词： 事务所规模；审计质量；盈余反应系数；
Abstract（英文摘要）：www.328tibEt.cn Recently, accounting service market has opened widely because our country joined in the WTO in 1997.Then, it will be even fiercer for the audit service market. After we join in the WTO, it need support transnational services as WTO members are characteristic of cross-border capital flows, as well as outstanding representatives of China’s listed companies to integrate with the global economy. International accounting firms competition in the market by virtue of its abundant experience in facilitating good reputation and quality of service, internal audit services in market share will increase dramatically. The audit companies are too all in China, so they are more difficult to cope with international competition and economic development. In order to enhance their competitive strength, our audit companies need to strive to create excellent brand and merge to increase the size of firms. On September 29 in 2006 China Association of Registered Accountants promulgated the "Regulations on accounting firms to promote the bigger and stronger (draft)." ZhuXie will actively support offices become the bigger and stronger, and then foster the development of transnational operations of 10 to become a comprehensive international professional services firm. In this context, we use of newer data on the scale of the same things as the relationship between the theoretical analysis of audit quality and Empirical Analysis. We draw the conclusions that the size of the CPA firms and audit quality are interrelated, and then give some suggestion to promote enlarging the size of the CPA firms. Four parts are as follows.In the first part, we review the literature over audit quality. We find that there is difference in audit quality between big auditing firms and all auditing firms in the developed countries such as USA. We review the literature on Reputation Theory , Lawsuits and so on. However, such difference exists on the base of a series of serious hypothesis, including free competition in audit market, effective audit regulation, enough audit risk, and free information among audit clients. While the CPA profession in China is developed for a short time, the normalization auditing market does not exist. So, there is not condition though which difference existed in Chinese audit market. That is to say, whether audit quality of big auditing firms is higher or not in China in the current condition is needed to be tested. In this study, we examine whether the ERC differs between Big Four and non- Big Four audited firms.In the second part, we analyze the audit quality in the aspect of the theory. We use Principal-agent theory, Signal Traner theory and Asymmetric Information to analyze why we think that auditor size is correlated with auditor quality. And based on the theoretical analysis we give the assumption in the relevant paper.In the third part, we explain sample selection criteria on the matched-paired sample and the switch sample. How to calculate UE and CAR; We then introduced the control variables, dummy variables for the selection of indicators reasons. At last we discuss the options window. In the empirical test, we estimate a cross-sectional multiple regression model of abnormal stock returns on a measure of earnings surprise using ordinary least squares explanatory variables included in the regression equation control for other determinants of the ERC that he been identified in previous studies. Consistent with the joint hypotheses, we find that the ERCs of Big Four clients are statistically significantly higher than non- Big Four clients. The result obtains in both a matched sample of firms according to industry membership, and a switch sample of firms grouped according to shifts from and to Big Four and non-Big Four auditors.In the last part, upon examination of the discretionary accrual of firms listed on the Chinese Stock Exchange we find that the big auditing firms he better audit quality than the all ones. Then we provide some ideas on how to enlarge the size of the CPA firms. This paper proposes to set up monopoly structure in auditing market on listed company and summarizes some ways and operational problems.
论文关键词： 事务所规模；审计质量；盈余反应系数；