带事项段无保留意见对投资者的影响分析

发布时间：2018-01-21 14:34

本文关键词： 审计意见市场反应超额收益　出处：《吉林大学》2012年硕士论文　论文类型：学位论文

【摘要】：2012年1月1日，我国实施了新的《中国注册会计师审计准则》，其中，第1503号准则《在审计报告中增加强调事项段和其他事项段》做出了重大的实质性的修订，不仅扩大了增加强调事项段的范围，而且允许注册会计师通过增加其他事项段来传递必要的补充信息，以提醒财务报表使用者注意。带强调事项段和其他事项段的无保留意见，其前提是无保留意见，既然是无保留意见，就表明注册会计师认为被审计单位的财务报表在所有重大方面按照适用的财务报告编制基础编制并实现了恰当反映，这也表明被审计单位的财务会计信息不存在重大错报，可是，注册会计师却又在审计报告中增加了强调事项段和（或）其他事项段，这显然与标准审计意见存在着显著的差别。那么，注册会计师为什么出具带事项段的无保留意见，他们是基于审计动因呢？他们出具了这种意见类型会对投资者带来什么影响呢？这就是本文需要研究和解决的问题。本文首先从国内和国外两个方面对前人关于审计意见方面的文献进行了回顾，同时做出评述，认为将非标准审计意见作为一个整体的研究思路，无法对各种审计意见的市场反应进行单独测定与研究，进而既不能对审计报告理论进行有效的检验，又不能对实务中各种审计意见的出具提供必要的改进建议，因此，这些研究存在表面化的倾向，未能深入到审计意见的本质。但这些研究成果为本文对带事项段的无保留意见的研究奠定了基础。其次，本文对带事项段的无保留审计意见准则的历史沿革进行了梳理，对带事项段无保留审计意见的含义及其特点进行了必要的说明与阐述。认为带事项段无保留意见首先是一种无保留意见，即财务报告不存在重大错报风险；事项段的出具，警示经营风险，有助于报告使用者正确理解会计信息；另外，强调事项段无保留意见有助于减轻或解除注册会计师的责任，规避注册会计师的风险。再次，本文运用信号显示理论对注册会计师出具带事项段无保留意见的动因及该种意见类型对证券市场的影响进行分析，认为带事项段无保留意见对于注册会计师而言有助于减轻或解除注册会计师的责任，实现风险规避，这是注册会计师出具该种意见类型的动因；对于投资者而言，有助于提醒投资者关注被审单位的会计信息，规避投资风险，从而优化投资决策。本文又从深口袋理论角度分析此类审计意见对注册会计师的影响。最后，本文运用问卷调查法和运用超额收益法以及多元回归分析法，研究了注册会计师出具带事项段的无保留审计意见以及我国A股市场对2011年年报带事项段的无保留审计意见的反应，结果表明，注册会计师存在着规避风险的动因，，市场对2011年年报事项段的无保留审计意见有显著的负反应，亦即带事项段的无保留意见具有一定的信息含量，我国资本市场对带事项段的无保留审计意见公告的反应具有一致性。
[Abstract]:On January 1 , 2012 , our country implemented a new audit guideline for Chinese Certified Public Accountants , in which , Guideline 1503 , which added the emphasis in the audit report and other matters , has made significant substantive amendments not only to increase the scope of the emphasis matters , but also to allow the certified public accountants to transfer the necessary supplementary information to remind users of the financial statements . This paper reviews the previous literatures about the audit opinion from both domestic and foreign countries , and makes a comment on the non - standard audit opinion as a whole research thinking . It is not possible to carry out independent measurement and research on the market reaction of various audit opinions . Therefore , it is not possible to carry out an effective inspection on the audit report theory and to provide the necessary improvement suggestions for the issuance of various audit opinions in practice . Secondly , the paper reviews the historical evolution of the non - retention audit opinion of the band , and makes the necessary explanation and elaboration on the meaning and characteristics of the unqualified audit opinion of the band . It is concluded that the unqualified opinion of the item is a non - qualified opinion , that is , the financial report does not have the risk of material error reporting ; the issuance of the event segment , the warning operation risk , and the help to report the user ' s right to understand the accounting information ; and , the emphasis on the matters of the matters does not help to reduce or relieve the CPA ' s liability and avoid the risk of CPA . Thirdly , using the signal display theory , this paper analyzes the reasons of the unqualified opinion of CPA and the influence of the type of opinion on the securities market . It is concluded that there is no reservation in the item paragraph which is helpful to the CPA to reduce or relieve the CPA ' s liability and realize the risk avoidance . This is the motivation for the CPA to issue the type of opinion . For investors , it is helpful to remind investors to pay attention to the accounting information of the audited unit and avoid the investment risk , so as to optimize the investment decision . In addition , the paper analyzes the influence of such audit opinions on the CPA from the perspective of deep pockets . Finally , this paper studies the unqualified audit opinion of CPA ' s issue band and the unqualified audit opinion of China ' s A - share market in 2011 . The result shows that the CPA has obvious negative reaction to the unqualified audit opinion of the 2011 annual report , that is , there is certain information content in the unqualified opinion of the business segment , and the reaction of China ' s capital market to the unqualified audit opinion of the issue segment has consistency .

【学位授予单位】：吉林大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F239.4

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