积极回应内部控制法案与管理层利润预测精度——基于日本数据的实证研究

Positive Response to J-SOX and Accuracy of Management Earnings Forecasts:An Empirical Analysis Based on Japanese Data

以日本上市公司为研究对象,在考虑盈余管理行为的基础上分析并检验积极回应内部控制法案的上市公司是否具有较高的管理层利润预测精度。结果表明,那些委托会计师事务所构建和完善其内部控制系统以应对内部控制法案的上市公司具有较高的管理层利润预测精度。因此,有效的内部控制有助于企业实施全面预算管理。

The purpose of this paper is to investigate whether companies with accounting firms′ consulting services for the Financial Instruments and Exchange Act（＂J-SOX＂） have higher accuracy of management earnings forecasts than those without such services.Using the management earnings forecast＇ error after linking the abnormal accruals as a measure of accuracy of management earnings forecasts,the result indicated that,compared to companies without consulting services,companies with consulting services for J-SOX had higher accuracy of management earnings forecasts.This finding supports the notion that effective internal controls can help companies to implement a comprehensive budget management.