national audit quality, market response, accounting conserva

  本文关键词：审计结果公告与审计质量——市场感知和内隐真实质量双维视角，由笔耕文化传播整理发布。

审计结果公告与审计质量——市场感知和内隐真实质量双维视角

National Audit Report and Audit Quality Market perception and real earnings quality

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Chen Songsheng Chen Haihong Pan Shuang

北京理工大学管理与经济学院,100081

文章摘要：学术界对国家审计质量高低一直存有争议。基于审计署2007至2012年公布的国有控股上市公司审计结果公告样本，从市场感知和被审单位内隐真实质量检视国家审计质量。研究发现审计结果公告产生负面市场反应，公告后被审单位盈余反应系数增强；审计后被审单位会计稳健性增强，应计与真实盈余管理同时受到抑制。通过多视角检验国家审计质量，尤其发现国家审计对真实盈余管理的抑制作用，，以反映问题为主的审计结果公告有别于民间审计报告意见“是”与“否”反映方式，为我国及国际审计组织改进民间审计提供了经验启示。

Abstr：National audit quality has been in dispute for long time. With the sample of State-owned listed companies covered by audit reports issued by NAO from 2007 to 2012, this paper examines how the market responsed to the reports and whether real earning quality of audited companies has been improved post-audit. We find, the market responsed negatively to audit reports and post-report the ERC of firms audited increase. Since they were audited, the accounting conservatism of the firms increased, while both accrual and real earnings management activities de- crease. The study implies auditing conducted by NAO is acknowledged by the market and significantly improves the implicit earning quality of companies audited. National audit reports disclose existing problem, which is different from CPA audit opinion. This study examines National audit quality from difference ways and its findings provide empirical evidence for improvement of CPA audit report.

文章关键词：

Keyword：:national audit quality, market response, accounting conservatism, real earnings management

课题项目：本文为国家自然科学基金（项目编号：71372016、71372015）和教育部博士学科点专项科研基金（项目编号：20131101110053）的阶段性成果.

作者信息：会员可见

  本文关键词：审计结果公告与审计质量——市场感知和内隐真实质量双维视角，由笔耕文化传播整理发布。