审计制裁与审计客户组合风险管理

Q4 Economics, Econometrics and Finance

International Journal of Accounting, Auditing and Performance Evaluation Pub Date : 2019-04-03 DOI:10.1504/IJAAPE.2019.10020403

Hsiao-Lun Lin, Ai-Ru Yen

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引用次数: 0

摘要

本研究考察了审计师制裁对审计师客户投资组合风险的影响。我们确定了受到中国证监会纪律处分的审计师/审计事务所，并实证研究了制裁实施后其客户投资组合风险的变化。实证结果表明，在发布强制执行令后，通过总破产指标和个人金融风险指标衡量的总体客户金融风险有所下降。此外，我们发现，在法律责任较高的时期实施纪律处分时，客户投资组合风险的下降幅度大于在法律责任较低的时期实施的风险。本研究通过考察审计师制裁与审计客户组合风险管理之间的关系，为先前关于审计失败对审计师行为影响的研究做出了贡献。

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Auditor sanctions and the management of riskiness of audit client portfolios

This study examines the effect of auditor sanctions imposed on the riskiness of auditors' client portfolios. We identify auditors/audit firms that were subject to disciplinary actions by the China Securities Regulatory Commission (CSRC) and empirically examine the change in the riskiness of their client portfolios after the sanctions were imposed. The empirical results suggest a decrease in the overall clientele financial risk, measured by both aggregate bankruptcy measures and individual financial risk measures, after enforcement releases were issued. Moreover, we find that the decrease in client portfolios' risk is greater when a disciplinary action is imposed in the period of higher legal liability than when it is imposed in the period of lower legal liability. This study contributes to prior studies on the effects of audit failure on auditors' behaviour by examining the association between auditor sanctions and the management of audit client portfolios risk.

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来源期刊

International Journal of Accounting, Auditing and Performance Evaluation Economics, Econometrics and Finance-Finance

CiteScore

0.70

自引率

0.00%

发文量

期刊介绍： IJAAPE publishes original scholarly papers across the whole spectrum of: financial accounting, managerial accounting, accounting education, auditing, taxation, public sector accounting, capital market and accounting, accounting information systems, performance evaluation, corporate governance, ethics, and financial management. All methodologies, such as analytical, empirical, behavioural, surveys, and case studies are welcome. IJAAPE encourages contributions especially from emerging markets and economies in transition and studies whose results are applicable across nation states or capable of being adapted to the different accounting and business environments.