公司股权特征、财务报告风险与审计收费的关系研究
首发时间:2014-12-30
摘要:以中国证券市场2007-2010年非金融类上市公司为样本,选取多个指标构造财务报告风险指数,实证检验公司股权特征、财务报告风险与审计收费的关系。实证结果表明:公司财务报告风险与审计收费正相关;国有控股股东能降低审计收费水平,并降低审计师对财务报告风险定价的敏感性,说明审计师对其财务报告风险更加轻视或容忍并可能损害审计质量;相对控股股东虽可降低审计收费水平,但未降低财务报告风险与审计收费之间关系的敏感性。
关键词: 财务报告风险 国有控股股东 相对控股股东 审计收费 审计质量
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Corporate shareholding features, financial reporting risk and audit fee
Abstract:Based on a sample of non-financial listed companies from 2007 to 2010 in China security markets, this research calculates a comprehensive financial reporting risk index via a principal component analysis process based on nine indicators relating much to the financial reporting risks of China listed companies. With the index calculated, we directly test the relationship between financial reporting risk and audit fees. More importantly, we go further to test the effects of controlling state shareholders and relative controlling shareholders on the levels of audit fees and on the sensitivity between financial reporting risks and audit fees. Empirical results show that: (1) even in China as a special emerging economy, financial reporting risks of the client firms can significantly increase audit fees; (2) the existence of controlling state shareholders significantly can reduce both the levels of audit fees and the pricing sensitivity to financial reporting risks, which indicate less prudence or more negligence and probably lower audit quality; (3) and the existence of relative controlling shareholders significantly reduces the levels of audit fees, however, without reducing the sensitivity between client firm financial reporting risks and audit fees.
Keywords: financial reporting risk controlling state shareholder relative controlling shareholder audit fee audit quality
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No.4624533621535141****
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