摘要
现有关于审计质量的文章大多从审计师特征、审计事务所内部结构等审计主体角度着手研究。本文从被审计方的角度出发,研究被审计企业的内部财务行为及外部市场表现对审计质量的影响。研究发现:(1)财务柔性与审计质量之间为倒“U”形的关系,即随着企业财务柔性的增加,企业的审计质量呈现先提升后降低的趋势。(2)融资融券制度的实施,提升了审计师出具审计报告的激进程度或保守程度,降低了审计质量。进一步研究发现,在融资融券制度执行之后,财务柔性对企业审计质量的影响减小,说明融资融券制度的执行具有一定的外部治理效应。研究结果为预期提高财务柔性以应对经济政策不确定性的企业提供了一定的启示及建议,对提高审计质量、完善融资融券机制提供了参考。
Most of the existing articles are on audit quality study from the perspective of audit subjects such as auditor characteristics and internal structure of audit firms.From the perspective of the auditee,this paper studies the impact of the internal financial behavior and external market performance of the auditee on the audit quality.It is found that:(l)the relationship between financial flexibility and audit quality is an inverted“U”relationship,that is,with the increase of enterprise financial flexibility,the audit quality of enterprises shows a trend of first improving and then decreasing.(2)The implementation of the margin trading syster has improved the degree of aggressiveness or conservatisr of the audit report issued by the auditor and reduced the audit quality.The further research found that after the implementation of the margin trading system,the impact of financial flexibility on the audit quality of enterprises is reduced,indicating that the implementation of the margin trading system has a certain external governance effect.The research results provide some enlightenment and suggestions for enterprises that are expected to improve financial flexibility to deal with economic policy uncertainty,and provide a reference for improving audit quality and perfecting margin trading mechanism.
作者
刘畅
黄虹
Chang Liu;Hong Huang(School of Finance and Business,Shanghai Normal University,Shanghai 200234,China)
出处
《金融管理研究》
2023年第1期268-286,共19页
The Journal of Finance and Management Research
关键词
审计质量
财务柔性
融资融券
公司治理
audit quality
financial flexibility
margin trading
corporate governance
作者简介
刘畅,女,1997.12-.会计学专业硕士研究生,上海师范大学商学院,研究领域:会计学;通讯作者:黄虹,女,1967.-,博士,上海师范大学商学院教授,研究领域:公司金融与资本市场。
