摘要
中国上市公司债务违约事件频发,引起了投资者和监管机构的极大关注。本文基于债务诉讼数据,实证检验了审计师是否能够提前感知公司的债务违约风险,并做出不同的审计质量决策。研究发现,在债务违约发生的前一年和前两年,审计师能够提前感知公司债务违约风险,并提高了审计质量。进一步研究发现,对于内部控制有效性水平较低的、处于衰退期和市场化程度较低地区的公司,审计师更能够提前感知公司债务违约风险。本文的研究丰富了有关独立审计债务契约治理作用的认识,也为投资者做出正确的信贷和投资决策提供了启示。
The frequent occurrence of debt defaults of listed companies in China has attracted the attention of investors and regulatory agencies.Based on the data of debt litigation,this paper empirically tests whether the auditor can perceive the company’s debt default risk in advance and adopt different auditing behaviors.The results show that in the previous year and the first two years of the debt litigation,auditors can perceive the risk of default of corporate debt in advance,and implement high-quality audits.Further research finds that auditors are more likely to perceive corporate debt default risk in advance for companies in recession,low effectiveness level of internal control and low degree of marketization.The finds enrich the understanding of the role of auditors and provides inspiration for investors to make correct investment decisions.
作者
管考磊
汤晟
Kaolei Guan;Sheng Tang
出处
《会计论坛》
2020年第2期-,共13页
Accounting Forum
基金
国家自然科学基金项目(71862015)
关键词
债务违约
审计质量
债务诉讼
Debt Defaults
Auditing Quality
Debt Litigation
