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事务所变更能帮助公司提升审计质量吗?——来自二次财务重述的经验证据

ISSN号：1002-9753
期刊名称：中国软科学
时间：2014.10.28
页码：109-120
分类：F23[经济管理—会计学;经济管理—国民经济]
作者机构：[1]西北大学经济管理学院,陕西西安710127, [2]西安交通大学经济与金融学院,陕西西安710061, [3]西安交通大学管理学院,陕西西安710049
相关基金：国家自然科学基金项目（71172186,71102095,71403202）;西北大学科学研究基金（人文社科类）;陕西会计学会2014科研重点课题.
相关项目：基于投资者保护视角的或有事项披露及其经济后果研究

关键词：财务重述, 事务所变更, 二次重述, financial restatement , auditor change, repeat restatement

中文摘要：

本文通过检验财务重述后会计师事务所的变化情况以及这种变化是否受到财务重述特征的影响。扩展了以往相关文献的研究内容。本文在单变量和多变量的分析中均发现财务重述公司其会计师事务所变更频率要显著高于非重述公司中事务所的变更频率，这表明公司在发生财务重述后会试图恢复声誉。进一步，本文发现被重述的年度数、重述公告中涵盖的会计差错数与会计师事务所变更的频率正相关。尽管本文未发现重述方向与金额会显著地影响事务所变更，然而在调低盈余的财务重述公司中，重述程度与事务所变更的频率显著负相关。这表明调低盈余的财务重述公司在做出变更事务所的决定时，更加会关注财务重述的金额。进一步，本文还发现财务重述后经历事务所变更的公司，在继任事务所任期期间，更可能发生针对继任事务所审计的财务报表的财务重述。这表明财务重述公司通过更换事务所后，审计质量依然较低，难以真正实现恢复声誉的目的。

英文摘要：

This study extends prior literature by examining the incidence of auditor change in the year following restatement announcement and whether auditor change is affected by restatement characteristics. We document a higher likelihood of auditor change in the twelve-month period following restatement announcement for restating firms than for non-restating firms in both univariate and multivariate tests. This evidence is consistent with the notion that firms aim to restore reputation following restatements. Looking closer, we document that number of years restated and number of accounting errors contained in one restatement report are positively related to the incidence of auditor change. We also found that although restatement direction and magnitude do not significantly affect auditor change, restatement magnitude is negatively related to the incidence of auditor change among firms with income-decreasing restatement, showing that firms with income-decreasing restatement are more concerned about magnitude when making decision about replacing auditors or not. Furthermore, we document that firms with auditor change following restatement announcement are more likely to experience repeat restatement of their financial statements audited by successor auditors in the period subsequent to the auditor change. This finding is consistent with the notion that audit quality for firms with auditor change experiencing restatement still remains low, difficult for them to regain credibility.

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