内部控制信息披露经济后果实证研究

2002年《萨班斯法案》颁布实施以来,内部控制信息披露作为预防舞弊保护投资者利益的重要制度安排,受到世界各国证券监管部门的重视.我国要求2011年起境内外同时上市公司全面披露内部控制信息,2012年起两大交易所主板上市公司强制披露内控信息.研究发现披露内部控制鉴证报告的样本公司支付的审计费用更高,而是否披露内部控制自我评价报告及是否披露内部控制缺陷与审计费用变化不存在显著关系.研究结论提供了我国内部控制信息披露制度在审计领域引发经济效果的客观证据,同时发现与验证了新制度环境下影响上市公司支付审计费用变化的新的重要影响因素.

An Empirical Research on the Economic Consequences of Internal Control Information Disclosure

The disclosure of internal control information which is designed to prevent the fraud and protect the interest of investors gets highly attention around the world since 2002 when the Sarbanes - Oxley Act was issued. Chinese government requires listed companies which are both in domestic and overseas must disclose their internal control information since 2011, so do the listed companies in main board market of Shanghai and Shenzhen security commission from 2012. Our study finds that listed companies who disclose their audit report of internal control pay more than those do not. At the same time, there are not significant differences between disclosure of self - assess- ment report or deficiency and change of the audit fee. The conclusion provides some evidences which tell us disclo- sure of internal control information brings economic consequences on audit industry, that is, a new kind of factor which influences audit fee has played a part in our country.