暨南大学硕士学位论文
交易所问询函对审计师行为的影响及其机理研究
Abstract
In recent years, the exchange inquiry system has gradually become an important part of
China's securities regulatory system. From the perspective of maintaining market stability and
protecting investors, China's exchanges issue inquiry letters for the insufficient or doubtful
information disclosed by listed companies, and require auditors to reply in time in most of the
letters. Auditor's behavior choice has a far-reaching impact on the orderly operation of the
capital market. Under the background of China's special system, how do auditors respond to
the exchange inquiry letter? This problem is worthy of further study.
Based on several theories, and from the perspective of external auditors' risk response,
this paper selects 2016-2019 A-share non-financial listed companies as samples to empirically
test the economic consequences of exchange inquiry letters. Specifically, this article
empirically examines the relationship between inquiry letters and auditors' behavior, and
considers whether there are differences in the impact of different types, contents, and subjects
of different inquiry letters on auditors' behavior. On this basis, it further studied the
moderating effect of customer risk on the inquiry letter affecting auditors’ behavior, the path
through which the inquiry letter affected the auditor’s behavior, and the strength of the
response measures taken by the auditor to respond to inquiries with different levels of risk. .
The research found that: (1) After the listed company got the letter, the auditor will
assign more experienced signature auditors to the project, more likely to issue a non-standard
audit opinion, or even refuse to provide audit services. (2) Inquiry letters can also help
auditors improve work efficiency, reduce time lag in audit reports, and increase the amount of
information on key audit matters. (3) After further subdividing the type, content, and subject
of the inquiry letter, it is found that the influence of the inquiry letter on the behavior of
auditors has a heterogeneous effect. Further research found that: (1) Under different customer
bankruptcy risks, the impact of the inquiry letter on the auditor's behavior is different. (2) The
results of the intermediary effect show that the main path for the inquiry letter to influence the
auditor's risk response behavior is to increase audit risk. (3) There is a progressive
relationship between the different response measures taken by the auditor to the risk of
receiving letters from customers. When the severity of the inquiry letter is low, the auditor
may just increase the audit input; as the severity of the inquiry letter increases, Auditors'
response measures will become more and more tough, including issuing non-standard audit
opinions, and even voluntarily leaving their posts to refuse to provide audit services.
The research in this article expands the research on the economic consequences of the
inquiry letter from the perspective of stakeholders, deepens the understanding of the auditor's
risk decision-making behavior, and provides a certain reference for the formulation of my
country's capital market regulatory policies.
Key words: Inquiry Letter; Auditor Change; Time Lag in Audit Report; Auditor's
Practice Experience; Key Audit Matters; Audit Opinion
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暨南大学硕士学位论文
交易所问询函对审计师行为的影响及其机理研究
目录
摘要................................................................................................................................ Ⅰ
Abstract......................................................................................................................... Ⅱ
目录............................................................................................................................. Ⅲ
插图与附表..................................................................................................................Ⅳ
1绪论............................................................................................................................1
1.1研究背景............................................................................................................. 1
1.2研究意义............................................................................................................. 2
1.3研究内容和框架................................................................................................. 3
1.4研究方法............................................................................................................. 5
1.5主要创新点......................................................................................................... 5
2文献综述....................................................................................................................6
2.1问询函的文献综述............................................................................................. 6
2.2审计师行为的文献综述................................................................................... 12
2.3问询函与审计师行为的文献综述................................................................... 17
2.4文献评述............................................................................................................ 19
3理论分析与研究假设..............................................................................................20
3.1理论基础........................................................................................................... 20
3.2研究假设........................................................................................................... 21
4研究设计..................................................................................................................26
4.1样本选择............................................................................................................26
4.2变量定义............................................................................................................26
4.3模型设计........................................................................................................... 27
5实证结果与分析......................................................................................................30
5.1描述性统计分析............................................................................................... 30
5.2相关性分析....................................................................................................... 31
5.3多元回归结果分析........................................................................................... 33
5.4进一步分析....................................................................................................... 39
5.5稳健性测试....................................................................................................... 52
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暨南大学硕士学位论文
交易所问询函对审计师行为的影响及其机理研究
6研究结论与政策建议..............................................................................................54
6.1研究结论........................................................................................................... 54
6.2政策建议........................................................................................................... 55
6.3研究局限性与展望........................................................................................... 57
参考文献......................................................................................................................58
插图与附表
图 1-1研究框架图....................................................................................................... 8
图 3-1理论分析框架...................