The impact of PCAOB international registration on audit quality and audit fees: Evidence from China

Despite the importance of registration with the PCAOB, there is surprisingly little academic research on the registration process and its impact on audit outcomes (Abernathy et al., 2013). The PCAOB allows registration of audit firms from non-US countries. However, China and a few other countries do not allow the PCAOB to conduct inspections of audit firms. We take advantage of this setting to investigate whether PCAOB-registered audit firms improve audit quality in the absence of inspections and whether they charge an audit fee premium. Our findings indicate that audit quality increases following PCAOB registration and that clients pay higher audit fees for audits by PCAOB-registered firms.     

自然资源统一确权登记的入法路径与规则完善 ——兼论与不动产登记的立法协调

研究目的：廓清自然资源统一确权登记在国家所有权维度承载的“山水林田湖草沙”整体保护与空间治理功能，确定其与不动产登记的立法协调路径，为自然资源资产产权改革提供前端制度保障。研究方法：文本分析、规范解释、案例研究。研究结果：（1）不动产登记立法改革将自然资源国家所有权归入可登记的不动产权利类型，窄化了自然资源登记应有的功能定位，导致两种登记在立法分工、登记对象、登记事项等方面的矛盾和杂糅；（2）自然资源登记在明晰权属之外，因承接生态保护的全新治理目标，应定位于空间维度的整体登记。研究结论：有必要构建“前置且衔接”的立法路径，厘清自然资源登记与不动产登记的立法分工；增设“整体保护”原则以服务生态优先的自然资源权利配置要求；建立“自然生态空间+自然资源要素”复合式登记模式，以兼顾保护性和权属性的双重登记目标；明确所有权管理事项的登记效力，以契合国家所有权行使的特殊要求。