摘要
财政部批准发布的第1504号审计准则要求注册会计师在审计报告中沟通关键审计事项。本文基于我国新审计准则分步实施提供的准自然实验环境,采用PSM-DID方法研究了审计报告中披露关键审计事项对审计质量的影响,我们发现:关键审计事项的披露并未对财务报告层面的审计质量产生实质性影响,表现为公司操控性应计并未发生显著变化;但关键审计事项的披露对市场感知层面的审计质量产生了明显影响,表现为公司盈余反应系数显著上升。上述结果表明关键审计事项披露后,财务报告层面的审计质量与市场感知层面的审计质量发生了背离,不过进一步的检验发现,这种背离在更长时间窗口的观测中消失。本文结论对准则制定机构、市场监管者等多个市场主体的行为选择具有启示意义。
Auditing Standard No. 1504 which was approved and issued by Ministry of Finance (MOF) of China requires CPAs to communicate key audit matters ( KAM) in the audit report. The MOF's regulatory actions provide a unique quasi-experimental setting in which we can investigate the effect of the disclosure of KAMs on the audit quality. Our empirical results show that, from the perspective of earnings quality, the disclosure of KAMs has no effect on the discretional accruals, which means it does not substantially affect the audit quality;while from the perspective of market perception, the disclosure of KAMs leads to a significant increase of ERC, which means it improves audit quality. The conclusions suggest that additional disclosure in the audit reports has different influence on earnings quality and market perception. However, our further examinations find the KAMs' positive effect on ERC disappears in a long time window. The research findings have a great practical and theoretical value for many market entities such as standard setters, market supervisors and so on.
出处
《会计研究》
CSSCI
北大核心
2019年第6期85-91,共7页
Accounting Research
基金
国家自然科学基金青年项目(71802177)
国家社会科学基金重点项目(15AJY002)
浙江省哲学社会科学基金一般项目(18NDJC136YB)的支持
关键词
关键审计事项
审计质量
报表盈余
市场感知
Key Audit Matters
Audit Quality
Earnings Quality
Market Perception
