MAS、联盟和绩效:SOX效应的证据

IF 2.8 3区 管理学 Q2 BUSINESS, FINANCE
Yahn-Shir Chen, Enny Susilowati Mardjono, Yi-Fang Yang
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引用次数: 0

摘要

目的为了保持审计师的独立性,2002年《萨班斯-奥克斯利法案》(SOX)第201条对审计公司向审计客户提供管理咨询服务(MAS)施加了限制。根据这一要求,审计公司与咨询公司建立了战略联盟,以扩大其服务范围,缓解审计师独立性受到的损害。台湾在相关法律法规中遵循SOX精神。为了研究SOX对台湾审计业的影响,本研究旨在探讨MAS与会计师事务所经营绩效之间的关系。设计/方法论/方法本研究从金融监督管理委员会(FSC)发布的1989–2017年台湾审计事务所调查报告中获得实证数据。FSC每年对所有注册会计师事务所进行调查,以收集审计行业的商业信息,用于宏观经济分析和行业政策制定。作者将审计公司分为三类:国家、地区和地方公司。基于结构-传导性能(S-C-P)理论框架,本研究建立了以下横截面回归方程来检验作者的假设。主要结果表明,国有企业在SOX后具有更好的企业和联盟绩效。企业和联盟MAS对国有企业在SOX之后的绩效贡献更大。实际含义本研究认为,国有企业与咨询公司建立联盟是为了资源共享,而与区域和地方企业建立联盟则是为了税收节省。原始性/价值与经济监管理论和资源理论一致,SOX在台湾很重要。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
MASs, alliance and performance: an evidence of SOX effects
Purpose To maintain auditor independence, Section 201 of the Sarbanes–Oxley Act of 2002 (SOX) imposes restrictions on audit firms in rendering management advisory services (MASs) to audit clients. Responding to the requirement, audit firms establish a strategic alliance with consulting companies to expand their scope of services to alleviate the impairment of auditor independence. Taiwan follows the spirit of SOX in related laws and regulations. To investigate the effects of SOX on Taiwanese auditing industry, this study aims to examine the relationship between MASs and operating performance of audit firms. Design/methodology/approach This study obtains empirical data from the 1989–2017 Survey Report of Audit Firms in Taiwan, published by the Financial Supervisory Commission (FSC). FSC administers the survey across all registered audit firms annually to collect business information on the auditing industry for macro-economic analysis and industrial policy development. The authors group audit firms into three categories: national, regional and local firms. Based on the structure-conduct-performance (S-C-P) theoretical framework, this study establishes the following cross-sectional regression equation to test the authors’ hypotheses. Findings Main results indicate that national firms have better post-SOX firm and alliance performance. Both firm and alliance MASs contribute more to the performance of national firms after SOX. Practical implications This study claims that national firms establish alliance with consulting companies for resource sharing but regional and local firms for tax-saving. Originality/value Consistent with the economic theory of regulation and resource-based theory, SOX matters in Taiwan.
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来源期刊
CiteScore
5.40
自引率
13.80%
发文量
45
期刊介绍: The key areas addressed are: ■Audit and Assurance (financial and non-financial) ■Financial and Managerial Reporting ■Governance, controls, risks and ethics ■Organizational issues including firm cultures, performance and development In addition, the evaluation of changes occurring in the auditing profession, as well as the broader fields of accounting and assurance, are also explored. Debates concerning organizational performance and professional competence are also covered.
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