摘要
本文分析了会计师事务所审计失败对其客户IPO审核拒绝率的影响。我们研究发现,会计师事务所审计失败会导致其声誉损失,其客户的IPO审核拒绝率将显著提高。发生审计失败后,不管事务所是否受到监管处罚,其客户的IPO审核拒绝率都会显著提高,但审计失败后受处罚的会计师事务所(受处罚所)的客户IPO审核拒绝率显著高于审计失败后未受处罚的会计师事务所(未受处罚所)的客户IPO审核拒绝率,即监管处罚对会计师事务所的声誉产生了更严重的后果。我们进一步发现,不同类型的会计师事务所,审计失败对其客户IPO审核拒绝率的影响不同。
This paper examines a potential adverse consequence of audit failure.We study whether and how the audit firm's audit failure impacts its client's Initial Public Offering(IPO)rejection rate.Our empirical results show that the client's IPO application rejection rates increases significantly after the audit failure.The significant increase in the IPO rejection rate holds regardless whether the audit firm is subject to regulatory sanctions on the audit failure or not.However,the sanctioned audit firm's clients experience significantly higher IPO rejection rates than the non-sanctioned audit firm's clients.
出处
《会计研究》
CSSCI
北大核心
2020年第3期157-163,共7页
Accounting Research
基金
国家自然科学基金(71772044)资助
