摘要
现有文献多从市场估值角度考察资产减值的决策有用性,本文从审计角度加以考察。在控制了盈余管理动机的影响后,本文研究发现坏账准备和存货跌价准备的计提比例与非标准审计意见的发生率显著正相关,但坏账准备和存货跌价准备的转回比例与审计意见不存在显著相关性。进一步研究发现,即便不伴随债务风险,随着流动资产减值比例的增加,被出具非标意见的概率也显著增加,这说明经营性资产的重大损失始终有风险提示意义;流动资产减值的大额转回则在债务风险较高的情况下才可能减轻非标准审计意见发生率,从而有可能传递管理层正致力于增强资产的可实现性以减轻公司风险的信号。上述结论有两点贡献:一是丰富了资产减值的研究,从审计角度说明资产减值计提向投资者提供了决策有用信息,但资产减值转回的决策有用性是有约束条件的;二是深化了对审计师行为特征的理解,说明审计师对正向应计和负向应计两个方向的反应存在系统性差异,遵循了稳健性原则。
The existing literatures mostly examine the decision usefulness of asset impairment from the perspective of market valuation. This paper investigates the information content of write- downs and reversals of current assets impairment based on the perspective of the audit opinion. The empirical results show that the bad debt losses and the impairment of inventories are useful signals helping auditors to assess the audit risk. Furthermore, the auditors＇ judgment on the audit risk related to the assets impairments is asymmetry between the current asset write-downs and the reversals of assets impairment. Even without the debt risk, the higher current assets impairment, the greater the likelihood of receiving a qualified audit opinion. However, only accompanied by a higher debt risk, the high level of reversal of current assets impairment and audit opinions are significant. The above conclusions are helpful to understand the difference in information on the write-down and reversal of assets impairment, and enrich the understanding of factors effected audit opinions and behavior characteristics of auditors.
出处
《财务研究》
2018年第6期32-43,共12页
Finance Research
基金
国家自然科学基金项目(71402008
71872020)
