摘要
分行业监管是信息披露一线监管模式的重要变革。本文以2009~2020年沪深A股上市公司为样本,利用分行业监管这一政策的实施,构建双重差分模型,研究监管模式变更对审计定价的影响及其作用机制。研究发现,分行业监管显著提高了上市公司的审计费用,其背后机制在于审计师风险感知的上升,具体表现为分行业监管对审计定价的提升效应在审计师风险感知更高的公司中更为显著。进一步地,分行业监管与交易所问询函监管机制相互补充,年报问询函机制可强化分行业监管的治理效能,而完备的内部控制机制可弱化分行业监管对审计收费的影响,即两者存在替代效应。结论表明,分行业监管制度会影响审计师的定价决策。本文在理论上丰富了交易所一线监管的研究及审计定价影响因素的相关文献,在实践中为进一步推进分行业监管提供了重要启示。
The regulatory mode by industry has been a significant revolution of the information disclosure front-line regulatory mode.Based on listed firms in China’s A-share market from 2009 to 2020,we employed the change of regulatory mode to design a difference-in-differences model to examine whether and how the regulatory mode by industry would impact auditors’pricing decisions.It is found that the change of the regulatory mode has significantly increased firms’audit fees.The underlying mechanism lies in the climbing of auditors’risk perception,as reflected in the more significant focal effect in firms with higher auditors’risk perception.Furthermore,comment letters complement the regulatory mode by industry in increasing audit fees,as reflected by the focal relationship being stronger in firms receiving comment letters.Meanwhile,internal control weakens the focal relationship,thus substituting for the regulatory mode by industry in increasing audit fees.The results suggest that the change of the regulatory mode has impacted auditors,theoretically contributing to the literature on front-line regulation and factors influencing audit fees and practically offering significant implications on promoting regulatory mode by industry.
作者
陈菁
汪伟
路军伟
Jing Chen;Wei Wang;Junwei Lu(Jiangxi Normal University,Nanchang,Jiangxi,China 330022;Shandong University,Jinan,Shandong,China 250100)
出处
《当代会计评论》
2022年第3期79-100,共22页
Contemporary Accounting Review
关键词
分行业监管
一线监管
审计定价
风险感知
regulatory mode by industry
front-line regulation
audit pricing
risk perception.
作者简介
通讯作者:陈菁,博士,副教授,硕士生导师,E-mail:005309@jxnu.edu.cn;汪伟,硕士;路军伟,博士,教授,博士生导师
