并购业绩承诺兑现会影响审计意见吗？

以2009—2017年有业绩承诺的A股上市公司为样本,研究并购后业绩承诺的兑现情况对审计意见的影响。研究发现,并购风险会影响审计意见的类型,未完成承诺的公司更可能被出具非标准审计意见。修改业绩承诺后,业绩承诺完成的难度降低,但是并不影响非标准审计意见的出具。进一步研究发现,注册会计师对盈余管理的业绩承诺不会调整审计意见类型,独立的会计师事务所可以促进非标准审计意见的出具。“高估值、高承诺、高溢价”并购的公司在无法兑现承诺时,更可能被出具非标准的审计意见。

Does Fulfillment of Performance Commitment Influence Audit Opinion?

Using a sample of Chinese A-share listed companies with performance commitment from 2009 to 2017,this paper explores the relationship between the fulfillment of performance commitment and audit opinion.The study finds that:(1)Acquisition risk has an effect on audit opinion.Companies with unfulfilled performance commitment are more likely to receive a modified audit opinion.(2)After revising performance commitment,the difficulty of completing performance commitment is reduced,but it will not much affect the issuance of modified opinions.(3)In further analysis,we find that auditors do not adjust opinion for earnings management performance commitment.Companies with more independent accounting firms and higher valuated M&As are more likely to receive modified audit opinion.This research is of great significance for understanding the completion of performance commitment contract and helps to standardize the operation of listed companies.