The impact of Confucianism on auditor judgment

IF 2.2 3区管理学 Q2 BUSINESS, FINANCE

Journal of Business Finance & Accounting Pub Date : 2023-04-04 DOI:10.1111/jbfa.12696

Yingwen Deng, Yongliang Wu, Changli Zeng, Min Zhang

引用次数: 0

Abstract

This study investigates the relationship between Confucianism and auditor judgment. Using a sample of Chinese listed firms from 2006 to 2019, we find that the Confucian atmosphere in auditors’ hometowns is positively associated with their audit adjustments. The mechanism analyses show that Confucianism in auditors’ hometowns can influence auditor morality and further affect their judgment. We also find that the positive relationship between Confucianism in auditors’ hometowns and audit adjustments is reinforced by auditor exposure to strong Confucian atmospheres in their places of education and workplaces but weakened by Western culture diffusion. Moreover, auditors who are more influenced by Confucianism are associated with more improvements in client financial reporting quality, more upward and downward adjustments, more small and large adjustments and more audit effort but not higher audit fees. Overall, this study provides evidence that supports the imprinting effect of traditional Confucianism on auditors.

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儒家思想对审计师判断的影响

本研究探讨了儒家文化与审计师判断之间的关系。我们以 2006 年至 2019 年的中国上市公司为样本，发现审计师家乡的儒家文化氛围与审计师的审计调整正相关。机理分析表明，审计师家乡的儒家文化会影响审计师的道德，并进一步影响其判断。我们还发现，审计师家乡的儒家文化与审计调整之间的正相关关系会因审计师在其教育和工作场所受到浓厚儒家文化氛围的影响而加强，但会因西方文化的传播而减弱。此外，受儒家文化影响较多的审计师与客户财务报告质量的提高、更多的向上和向下调整、更多的小幅和大幅调整以及更多的审计工作有关，但与审计费用的增加无关。总体而言，本研究提供的证据支持了传统儒家文化对审计师的烙印效应。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Business Finance & Accounting BUSINESS, FINANCE-

CiteScore

4.40

自引率

17.20%

发文量

期刊介绍： Journal of Business Finance and Accounting exists to publish high quality research papers in accounting, corporate finance, corporate governance and their interfaces. The interfaces are relevant in many areas such as financial reporting and communication, valuation, financial performance measurement and managerial reward and control structures. A feature of JBFA is that it recognises that informational problems are pervasive in financial markets and business organisations, and that accounting plays an important role in resolving such problems. JBFA welcomes both theoretical and empirical contributions. Nonetheless, theoretical papers should yield novel testable implications, and empirical papers should be theoretically well-motivated. The Editors view accounting and finance as being closely related to economics and, as a consequence, papers submitted will often have theoretical motivations that are grounded in economics. JBFA, however, also seeks papers that complement economics-based theorising with theoretical developments originating in other social science disciplines or traditions. While many papers in JBFA use econometric or related empirical methods, the Editors also welcome contributions that use other empirical research methods. Although the scope of JBFA is broad, it is not a suitable outlet for highly abstract mathematical papers, or empirical papers with inadequate theoretical motivation. Also, papers that study asset pricing, or the operations of financial markets, should have direct implications for one or more of preparers, regulators, users of financial statements, and corporate financial decision makers, or at least should have implications for the development of future research relevant to such users.