作　　者： ; ;

机构地区： 暨南大学管理学院

出　　处： 《南开管理评论》 2017年第4期93-104,共12页

摘　　要： 本文选择2003—2013年沪深两市A股非金融类上市公司作为样本,以具有外生冲击特性的市级政府官员变更作为切入点,研究政治不确定性对公司收到审计意见概率的影响及其作用机理,以验证我国审计是否具有保险功能。研究结果表明,从总体上看,政府官员变更将会提高审计师对其辖区内公司出具非标审计意见的概率,但按照产权性质分组检验后,该结果仅在市属国有企业样本中显著。进一步检验发现,市级政府官员变更使得企业风险水平上升,同样,该结果也仅在市属国有企业样本中显著。以上结果表明,审计师会因外部政治不确定性增加带来的企业未来风险增加,而提高出具非标意见概率。这支持了审计保险假说,检验了中国资本市场相关审计诉讼法律制度的政策效应。 So far there has been no identical conclusion on whether the audit plays a role in insurance in China. To get a verification of the audit insurance hypothesis in China, this paper carries out a rigorous investigation for the influence on the probability of audit opinion received by companies of the political uncertainty brought by the official turnover of a municipal government with exogenous shocks and its mechanism, based on the data sample of the A-share non-financial listed companies in Shanghai and Shenzhen Stock Market from 2003 to 2013. The result shows that as a whole the official turnover of a municipal government will drive the auditors within its jurisdiction to issue more non-standard audit opinions than ever before, but this is only found significant in the sample of state-owned enterprises under the tests grouped by nature of property right. The tests of mechanism reveal that the risks of enterprises will be increased by the official turnover of a municipal government, which is also only found significant in the sample of state-owned enterprises. Further study discovers that the increase of the probability of non-standard audit opinions issued by auditors is more obvious due to the official turnover of a municipal government in the areas where there are much stronger law enforcement than any others, and to the exclusion of a series of alternative explanations, the conclusions above are still steadily valid. So with all that said above, the probability of non-standard audit opinions issued by auditors will be raised by future risks of the enterprise which are magnified by growing external political uncertainty because of the official turnover of a municipal government. This conclusion profoundly supports the audit insurance hypothesis in China and examines the effect of the legal system policy of China's capital market related to auditing litigation.

关 键 词： 官员变更 政治不确定性 审计保险假说 审计意见

领　　域： []