业财融合是否降低审计收费?——基于A股上市公司证据

Can Business and Financial Information Integration Help Reduce Audit Fee?——Empirical evidence from A-share listed companies

随着企业收入准则对会计信息准确性与及时性要求的提升以及管理会计方法越来越多的应用推广,业财融合已成为公司重要的战略决策。本文以2008~2018年我国A股上市公司数据为样本,通过对年报中管理层讨论与分析部分的文本分析,识别出企业是否采用业财融合,研究了业财融合对审计收费的影响。实证结果表明,企业采用业财融合有助于降低审计收费。通过倾向得分匹配、双重差分模型以及其他稳健性检验后,该结果维持稳健。中介检验的结果表明,业财融合通过有效减少审计师需要付出的努力,使审计收费降低。本文的结果为审计费用理论的发展提供了增量经验证据,丰富了企业业财融合战略的经济后果研究。

With the heighteded requirements on information timeliness and accuracy,as well as continuous development of management accounting in China,more and more enterprises apply Business and Financial Information Integration(BFII)to corporate management.This paper studies the impact of BFII on audit fees.Using data of A-share listed companies in China from 2008 to 2018,we find that the adoption of BFII can reduce audit cost.BFII companies are identified through the textual analysis of management discussion and analysis(MD&A)in the annual report.OLS empirical results show that BFII adoption is conducive to the reduction of audit fees.The results of propensity score matching(PSM)and difference-in-differences(DID)test also verify the causal relationship between BFII and audit fees.After controlling of enterprise size,the influence of BFII on the reduction of audit fee stays significant.We also find that BFII can reduce audit fees by effectively reducing the efforts required by auditors.