中国会计师事务所内部治理:客户组合风险管理决策的实证检验

文章运用1998—2007年上市公司及会计师事务所的数据,首次实证检验了会计师事务所客户组合风险管理的最优策略,结果发现：就整体而言,事务所接受的新客户的风险最大值与诉讼损失显著正相关,2002年、2003年先后实施民事赔偿机制后依然正相关。但对审计阅历较长的审计师和上市年龄较长的客户而言,二者却显著负相关;与国外学者的发现不一致,事务所新客户数量与诉讼损失显著负相关,即事务所对客户取舍的依据是风险最大值而非均值。这说明,我国的民事赔偿机制亟待完善。

Internal Governance of Auditing Firms in China:Empirical Study on Management Decision-making for Clients Portfolio Risk

The article first tested the best management strategy on clients portfolio risk of an auditing firm by using public firms and their auditing firm data from 1998 to 2007 in China.The results showed that,as a whole,there is a positive significant relationship not between the largest risk value of new clients and litigation losses,but also after 2002 and 2003 years when the civil payment systems had been enacted.But there is a significantly negative relationship for auditors who had a long time auditing exper...