异常收费与审计质量:来自中国资本市场的经验证据  

Abnormal Fees and Audit Quality: Empirical Evidence from Chinese Capital Market

作　　者：李明辉[1] 沈真真[1] 

机构地区：[1]南京大学商学院,江苏南京210093

出　　处：《管理工程学报》2016年第2期166-174,共9页Journal of Industrial Engineering and Engineering Management

基　　金：国家自然科学基金面上资助项目(71272099;71072043);教育部人文社会科学研究青年基金资助项目(11YJC790124);江苏省高校哲学社会科学研究重点资助项目(2010ZDIXM025)

摘　　要：本文借鉴Choi,Kim and Zang(2010)的方法,利用2008-2010年中国上市公司数据,以操控性应计的绝对值作为审计质量的替代变量,分别研究过高和过低的审计费用对审计质量的影响。结果发现:对全样本而言,异常收费与审计质量显著负相关;当考虑异常收费的符号时,过高的异常收费与审计质量显著负相关,而过低的异常收费与审计质量之间的关系不显著。进一步研究发现,在法治水平较高的地区,总体而言,异常收费与审计质量之间关系不再显著,但正的异常收费与审计质量之间呈显著正向关系。这表明,法律环境对异常收费与审计质量之间的关系具有调节作用。在法律环境较好的地区,正的异常收费并不会损害审计质量,此时,事务所之所以会收取更高的审计费用,可能是由于他们需要实施更多的审计程序。本文的研究表明,过高和过低的审计费用对审计质量的影响是不同的,过高的审计收费可能损害审计质量,而过低的审计费用并不会损害审计质量,并且,"过高的审计收费会损害审计质量"仅在法治水平较差的地区成立。The effect of abnormal audit fees on audit quality is an important concern to scholars, investors, and regulators. In China, CICPA is concerned about the unfavorable effect on audit quality of excessively low audit fees. Although several papers have studied the association between abnormal audit fees and audit opinion shopping for publicly listed companies in China, little is known about the abnormal audit fees-audit quality relation conditioned upon the sign of abnormal audit fees.Following Choi, Kim and Zang（2010）, this paper uses the data of publicly listed companies in China from 2008 through 2010 to explore asymmetric effect of above-normal and below-normal audit fees on audit quality, which is measured by a magnitude of absolute discretionary accruals. We find that there is a significant negative relationship between abnormal fees（in absolute values） and audit quality. When the sign of abnormal audit fees is considered, however, we find that positive abnormal fees are negatively associated with audit quality, while negative abnormal fees are not associated with audit quality. This paper further explores whether the association between abnormal fees and audit quality is affected by firms＇ local legal environment. We find that in a sound legal environment, abnormal fees（in absolute values） are not related to audit quality; however, positive abnormal fees have a significant positive effect on audit quality. These results indicate that when a local legal environment is sound, auditors are generally more concerned about their litigation risks, and higher audit fees simply reflect that auditors have performed more audit procedures to protect themselves from lawsuits. The results imply that unusually high audit fees will impair audit quality in a poor local legal environment. The results of this paper reveal that the association between abnormal audit fees and audit quality in China depends on the sign of abnormal audit fees. In other words, positive abnormal audit fees may impair audit quality while

关 键 词：异常审计收费 审计质量 操控性应计 法治环境 

分 类 号：F239[经济管理—会计学]