股权分置改革对审计质量的持续影响

The Continuous Impact of Non-Tradable Share Reform on Auditing Quality

本论文从"股权分置改革是要消除非流通股与流通股之间流动性差异"目标出发,研究了2005年至2011股改不同阶段对审计质量的影响。研究表明:审计质量在股改不同阶段呈显著性波动,其中在股改方案推进阶段审计质量整体不高,并未发生实质性变化;在股改方案通过以后、限售股东大尚未大规模减持公司股份阶段,公司审计质量显著提高;而进入持有限售股份股东大规模减持阶段,则审计质量显著下降。

Affording to CSRC.the objective of Non—Tradable Share Reform is to eliminate the difference between the tradable shares and non—tradable shares.Because of the objective,this article studied the continuous effects ot different stages of Non—Tradable Share Reform on auditing quality during 2005 to 201 1.This study shows that,the audit quality significantly fluctuated with the stage of Non-Tradahle Share Reform.On the reform project pushing-on stage,the audit quality presents a low-level and non—material change as a whole;but after the reform projects have been approved,and the selling of restricted share have not been triggered,the audit quality gel a dramatically improvement;then the audit quality declines sharply,coming with the stage of large-scale selling of restricted shares.