双重审计管制放松与市场反应

发布时间：2018-04-10 07:58

本文选题：管制放松　切入点：双重审计　出处：《中国注册会计师》2010年06期

【摘要】：随着中国会计准则、审计准则与国际会计准则和国际审计准则的实质性趋同,肇始于2001年的针对发行境内上市外资股上市公司的强制境内境外审计(即所谓的"双重审计")自然失去了其存在的根由,由此,2007年9月12日中国证券监督管理委员会发布通知废除了"双重审计"的强制规定,而这将大大节约相关上市公司财务报告的编制成本和审计成本,消除两套标准披露可能引起的误解和歧义,进一步提高和保障上市公司财务信息披露透明度,从而有助于其股东价值的提升。本文采用事件研究法初步考察该政策的可能效果。研究发现,整体上,投资者并未给予积极的反应,不过先前采用同一集团审计模式的公司其市场反应显著好于先前采用不同集团审计模式的公司。
[Abstract]:With the substantial convergence of Chinese accounting standards, auditing standards, international accounting standards and international auditing standards,The compulsory domestic and foreign audit (so-called "double auditing"), which began in 2001 for listed companies with domestic and foreign capital stocks, naturally lost its root cause.As a result, on September 12, 2007, the China Securities Regulatory Commission issued a circular abolishing the mandatory provision of "double auditing", which will greatly reduce the cost of compiling and auditing financial reports of relevant listed companies.By eliminating the misunderstandings and ambiguities caused by the disclosure of the two standards, the transparency of financial information disclosure of listed companies can be further improved and guaranteed, thus contributing to the enhancement of the shareholder value of listed companies.In this paper, the possible effect of the policy is preliminarily investigated by using the event study method.The study found that investors as a whole did not respond positively, but the market reaction of companies that had previously adopted the same group audit model was significantly better than that of companies that had previously adopted different group audit models.
【作者单位】：复旦大学管理学院;
【基金】：国家自然科学基金“我国注册会计师行业职业声誉经济后果性研究”[70602024]的阶段性成果
【分类号】：F239.4

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