公允价值计量、盈余管理与审计师应对策略

Fair Value Measurement,Earnings Management,and Auditor Coping Strategies

本文以2007-2016年我国A股上市公司为研究对象,旨在回答公允价值计量与盈余管理方式选择的基础上,进一步探讨审计师的应对策略。研究表明,采用公允价值计量的公司,更倾向运用真实盈余管理,且真实盈余管理随着公允价值运用程度的加深和范围的扩大而增大;审计师已然关注到了由公允价值计量引发的增量真实盈余管理,会选派富有经验的审计师和收取更高的审计费用作为应对策略,并且选派富有经验的审计师是审计费用溢价的一个重要原因。本文的研究结论揭示了我国资本市场上,基于公允价值计量的盈余管理方式选择的变化,以及公允价值审计中的审计师行为选择,为促进资本市场的健康发展提供了有价值的经验证据。

This paper explores the auditor coping strategies in the fair value auditing based on whether fair value measurement( FVM) affect earnings management with a sample of A shares listed in China for fiscal years 2007 through 2016. We examine the relationship between FVM and earnings management from the two aspects of accrual earnings management and real earnings management first. We only find FVM is positively associated with real earnings management. Then we investigate how auditors reduce risk associated with expected real earnings management determined by FVM. Further evidence shows auditors can charge higher audit fees and appoint more experienced auditors,and appointing more experienced auditors is one of the reasons that charging higher audit fees. Our results suggest that FVM leads to earnings management shifting from accrual earnings management to real earnings management,and auditors charge higher audit fees and appoint more experienced auditors to reduce this risk.