摘要
揭示关键审计事项披露在管理层信息披露行为中的经济后果,对评估新审计报告具有重要意义。本文以新审计报告准则分步实施作为准自然实验,实证考察关键审计事项披露对上市公司内部控制缺陷披露的溢出效应。基于熵平衡匹配样本研究发现,关键审计事项披露要求实施后,公司更可能披露内部控制缺陷。作用机制检验发现,这一影响主要通过信息环境改善增强外部监督,以及审计师审计投入增加促使管理层如实披露并及时修复来实现。研究还发现,关键审计事项披露的这一正向溢出效应主要集中在非“四大”和具有行业专长的审计师以及管理层隐瞒动机较强的公司。
Recently it has become a concern as to how key audit matters(KAM)affect management disclosures,which is important for evaluating new audit reporting standards.This paper exploits the staggered implementation of KAM as a quasi-natural experiment to investigate whether KAM disclosure causes spillover effects on the internal control weaknesses(ICW).Research through the entropy balancing technique shows that after the implementation of KAM,companies are more likely to disclose ICW.After conducting a series of robustness tests,the results are robust.Furthermore,we find that the KAM disclosure reduces information asymmetry of market participants and increases audit input which leads to managers’truthful disclosure of ICW and timely remediation.Finally,we find that the positive spillover effects of KAM disclosure are more prominent for auditors working in non-Big 4 firms and with industry expertise,as well as in companies with stronger concealment motive on the part of management.
作者
杨世鉴
甄玉晗
胡国强
Yang Shijian;Zhen Yuhan;Hu Guoqiang
出处
《审计研究》
CSSCI
北大核心
2022年第5期118-128,共11页
Auditing Research
基金
教育部人文社会科学规划基金项目(20YJA790023)的资助
关键词
新审计报告准则
关键审计事项
信息披露
内部控制缺陷
new audit reporting standards
key audit matters
information disclosure
internal control weaknesses
作者简介
杨世鉴,国家开放大学,邮政编码:100039,电子信箱:yshijian80@126.com;甄玉晗,中国财政科学研究院,邮政编码:100142,电子信箱:graduatezhen2018@163.com;通讯作者:胡国强,天津财经大学会计学院、审计与控制研究中心,邮政编码:300222,电子信箱:guoqianghu@tjufe.edu.cn
