短期债务、信用评级与审计费用的关系研究——基于审计费用模型的实证分析

短期债务的间接作用是短期债务的治理效应会导致较低的审计风险以及更多的短期债务。以2003-2006年的上市公司为研究样本,考察短期债务和信用评级对财务报告质量的监督和治理效应,研究发现,短期债务和审计费用存在负相关性,信用评级的提高会导致审计费用的降低;短期债务与审计费用的关系随着信用评级的增加而减弱。揭示出了由于短期债务带来债权人更多的监管以及公司治理上的好处,审计人员会由于审计风险的减弱而降低审计费用的收取,但短期债务所带来的治理效应会受到公司信用评级高低的影响。结论表明,短期债务不仅能够降低公司的代理问题,还可以减少审计费用。

The Correlation Between Short-Term Debts,Credit Rating and Audit Fees: an Empirical Study Based on an Audit Fee Model

The indirect effect of short-term debts is that the management of short-term debts could bring about less audit risks and more short-term debts.To study the supervision and management effect of short-term debts and credit rating on the quality of financial statement,taken the listed companies from 2003 to 2006 as samples,the research finds that short-term debts have positive relations with the audit fee;the increase of credit-rating could result in the decrease of audit fee;and the correlation between short-term debts and audit fee weakens along with the growth of credit rating.It shows that as short-term debts bring the creditors more benefit in terms of supervision and company administration,the auditors will charge less audit fee due to the lessened audit risks;however,short-term debt management effect will be influenced by the credit rating.