表外融资入表会影响审计师定价决策吗?——来自新租赁准则实施的证据  

Will Off-Balance-Sheet Financing Internalization Affect Auditor Pricing Decisions?Evidence from the New Leasing Standards

作　　者：房星彤 叶建芳[2] 陈昕怡 Fang Xington;Ye Jianfang;Chen Xinyi(School of Accountancy,Shanghai Lixin University of Accounting and Finance,Shanghai 201620,China;Institute of Accounting and Finance,Shanghai University of Finance and Economics,Shanghai 200433,China;Shanghai Songjiang District Finance Bureau,Shanghai 201699,China)

机构地区：[1]上海立信会计金融学院会计学院,上海201620 [2]上海财经大学会计与财务研究院,上海200433 [3]上海市松江区财政局,上海201699

出　　处：《上海财经大学学报（哲学社会科学版）》2024年第1期139-152,共14页Journal of Shanghai University of Finance and Economics

基　　金：教育部人文社会科学重点研究基地重大项目(22JJD790093,22JJD790094);“高等学校学科创新引智计划”(B18033);上海晨光计划项目“区域产业政策与社会资本流动:影响机制与经济后果”(22CGA76)。

摘　　要：表外融资问题一直受到学术界和实务界的广泛关注,会计准则制定机构近年来积极行动,不断将更多的表外融资表内化。表外融资入表对企业的日常经营与财务决策具有重大影响,也给审计工作带来了巨大挑战。基于新租赁准则实施的背景,文章以2019—2021年我国A股上市公司为样本,研究表外融资入表对企业审计收费的影响。表外融资入表可能通过增加审计师学习成本、提高审计风险使审计收费增加,也可能通过提高会计信息质量、降低审计风险使审计收费减少。实证检验发现,企业实行表外融资入表会使审计收费提高。进一步研究表明,这一现象在非国有企业和由国际“四大”审计的企业中更为显著。通过探究具体路径发现,表外融资入表对审计收费的影响来自对审计工作量及审计风险的影响,其中,对审计风险的影响程度更大。文章的研究丰富了表外融资入表的经济后果和审计收费影响因素的相关文献,对于上市公司、会计师事务所和监管部门更好地理解实行表外融资入表的成本效益具有重要的参考价值。With the continuous development of China's capital market,the quality of information disclosure by listed companies has gradually attracted attention from various sectors of society.The emergence of new economic forms and the proliferation of financial derivatives have led to the widespread adoption of off-balance-sheet financing methods,exerting a significant impact on investor decision-making,accounting information disclosure,and capital market risks.In recent years,accounting-standard setting bodies have taken active measures to bring more offbalance-sheet financing onto the balance sheet(off-balance-sheet financing internalization),which has significant implications for enterprises'daily operations and financial decision-making,and poses significant challenges to auditing work.Based on the implementation of the new leasing standards,this paper takes China's A-share listed companies from 2019 to 2021 as the sample and examines the impact of off-balance-sheet financing internalization on audit fees.The results show that off-balance-sheet financing internalization will lead to an increase in audit fees.The conclusion remains valid after conducting a series of robustness tests.Further testing shows that this effect is more significant in SOEs and enterprises audited by the“Big Four”auditing firms.Mechanism testing shows that off-balancesheet financing internalization will affect audit fees by affecting audit workload and audit risk,of which audit risk has a more substantial impact.This paper enriches the relevant literature on the economic consequences of off-balancesheet financing internalization and the determinants of audit fees.Meanwhile,investigating the impact of off-balance-sheet financing internalization on auditor pricing decisions helps to facilitate a comprehensive assessment of the economic implications from a micro-level perspective for both enterprises and auditing firms.As audit fees can be regarded as a cost of off-balance-sheet financing internalization,standard setters can use this to assess

关 键 词：表外融资入表 新租赁准则 审计收费 审计风险 

分 类 号：F239[经济管理—会计学]