股权质押、盈余管理与审计师风险应对

基于2007—2018年我国A股1109家上市公司的数据,研究大股东股权质押、真实盈余管理与审计师风险应对之间的关系,探究真实盈余管理程度是否增强了大股东股权质押与审计师风险应对的正向关系。研究发现:大股东股权质押正向影响了审计费用和审计意见;真实盈余管理程度加剧了大股东股权质押后的负面效果,进而加强了大股东股权质押与审计费用间的正向关系,但对审计意见的影响不显著;进一步的研究发现:上期的审计费用反向助长了当期的股权质押率;存在大股东股权质押的上市公司,审计师出具非标准审计意见的概率会随审计费用的提高而加大。该结论扩展了审计师风险应对的研究范围及影响大股东股权质押的其他因素,对提高审计师风险应对及完善大股东股权质押政策具有一定的参考价值。

Stock Pledge,Earnings Management and Auditor Risk Response

Based on the data of 1109 Chinese A-share listed companies from 2007 to 2018,this paper studies the relationship between stock right pledge of major shareholders,real earnings management and auditors'risk response.It also explores whether the degree of real earnings management enhances the positive relationship between stock pledge of major shareholders and auditor risk coping.The study finds that:the stock right pledge of major shareholders has a positive impact on audit fees and audit opinions;the degree of real earnings management exacerbates the negative effects of major shareholders'stock pledges,which in turn strengthens the positive relationship between stock right pledge of major shareholders and audit fees.But it has less significant impact on the audit opinion;further research indicates that the previous audit fee reversely contributes to the current stock pledge rate;for listed companies with major stock right pledge of major shareholders,the probability of auditors issuing non-standard audit opinions will enhance with the increasing in audit fees.This conclusion expands the research scope of auditors'risk response and other factors affecting the stock right pledge of major shareholders.And it has certain reference value for improving auditors'risk response and improving the policy of stock right pledge of major shareholders.