审计师对信息风险区别对待了吗?——基于“调增式变脸”与审计意见关系的证据

Did Auditors Treat Information Risk Differently?——Based on the evidence between “positively adjusted” and audit opinion

借鉴Francis等(2005)将信息风险区分为基本面、信号传递、机会主义行为与纯噪音四方面风险的思路,本文研究审计师是否对信息风险的不同构成进行了区别对待。结合相关理论,本文选择了管理层预测报喜的公司为样本,以报喜"无变脸"代表信号传递风险或无风险,以"调增式变脸"代表基本面与机会主义披露策略的混合风险,实证发现"调增式变脸"更容易得到非标意见。进一步地选择"调增式变脸"的公司为分样本,以"扭亏型变脸"代表基本面风险,以"其他调增式变脸"代表机会主义披露策略风险,实证发现"扭亏型变脸"更容易得到非标意见。研究结果表明,审计师对信息风险的不同构成进行了区别对待,且最关注基本面风险。

Based on Francis et al （2005）＇s theory of four aspects of information risk, We chose companies who announced good news of management forecast as samples, treated ＂no adjustment＂ as risk of signal transmission or no risk, ＂positively adjusted＂ as mix risks of fundamental and opportunistic disclosure tactics. Furthermore, we selected ＂positively adjusted＂ as sub-samples, treated ＂turned loss＂ as fundamental risk, ＂other positively adjusted＂ as opportunistic disclosure tactics risk. The findings risk differetltly, and focus on fundamental risk the most. show that auditors treat composition of information