审计报告标准改变的经济后果——来自资本市场的经验证据

我国于2003年年度修订审计报告准则,它对年报中审计报告意见段的表述从“三要求”变成“二要求”,“一贯性”要求已不需单独表述。审计报告准则的要求变化与2003年度“非标”审计意见显著下降是否存在内在联系,审计报告中“一贯性”要求“柔性化”后是否产生了经济后果,文章对此进行了实证研究。研究结果发现,相对于2002年度,2003年度上市公司变更会计政策的状况没有显著变化,但审计意见对于会计政策变更的敏感性显著下降,注册会计师对会计政策变更的重要性判断尺度发生了显著变化,会计政策变更不再是影响审计意见的因素。由此说明审计报告标准的改变对注册会计师的审计行为有显著影响,产生了经济后果。

Economic Consequence of the Revision on Audit Report Standard: Empirical Evidence from Capital Market

As China's specific independent auditing standard No.7-audit report was revised on 14 April,2003,three aspects specified in the opinion paragraph of audit report were changed into two,and the consistency was not obliged to specify individually any longer.We wonder whether there is inherent association between the standard's revision and the overall drop of unclean audit opinions,and whether the standard's revision is an important factor driving the drop.Our empirical research indicates that,relatively to in the year of 2002,the voluntary accounting principles changes as being supposed to respond to the standard's revision by listing companies in our samples were not significant in the year of 2003.And our evidence also shows that audit opinions were significantly sensitive to the voluntary accounting policies changes and the materiality threshold withered significantly as 2003 versus 2002,which suggests the revision of the standard No.7 motivated CPA's negative behaviors substantially and arose the economic consequence as well.