财务重述与审计师变更——来自中国上市公司的经验证据

本文以2003--2011年我国主板上市公司为样本,从市场声誉和信号传递的角度,对上市公司财务重述与审计师变更问题予以分析和解答。本文研究结果显示,相比于非财务重述公司而言,财务重述公司更可能变更审计师,且变更概率与重述的严重程度显著正相关,此外,就变更审计师的公司而言,财务重述公司比非重述公司更可能从小所变更为大所或在平级所之间进行变更。在此研究基础上,本文提出相应的政策建议。

Financial Restatements and Auditor Turnover --Empirical Evidence from Listed Companies of China

Based on a sample of China＇s listed companies from 2003 to 2011, from the perspective of market reputation and signaling, this paper studies the relationship between financial restatements and auditor turnovers. The results find that in relative to non financial restatement companies, companies with financial restatements are more likely to change auditors, and the probability is significantly positively related to the severity of the restatements. In addition, as far as companies with auditor changes are concerned, companies with financial restatements tend to switch from small accounting finns to bigger ones or switch among accounting finns with similar sizes. Based on the study above, policy suggestions are provided.