财务重述对会计师事务所解聘的影响研究

The Effect of Financial Restatement on Auditor Dismissal

本文通过检验财务重述后客户解聘会计师事务所的情况以及事务所变更方向是否受到财务重述的影响,扩展了以往相关文献的研究内容。本文发现在财务重述后的一年内,事务所被解聘的频率在财务重述公司中要高于未发生财务重述的公司。此外,本文检验了财务重述对事务所变更方向的影响。尽管未发现财务重述与事务所变更方向之间存在显著关系,但发现与舞弊相关的重述公司在财务重述后将事务所变更为更具有声誉的事务所,而与差错相关的重述公司在财务重述后将事务所变更为更为顺从的事务所。本文的结论表明差错类重述公司在财务重述后解聘原事务所以试图寻求更为顺从的事务所,而舞弊类重述公司在财务重述后解聘事务所旨在恢复其受损的声誉。

This study extends prior literature by examining the incidence of auditor dismissal in the year following restatement announcement and whether auditor turnover direction is affected by financial restatement. We document a higher likelihood of auditor dismissal in the twelve-month period following restatement announcement for restating firms than for non-restating firms. Besides,we test the effect of financial restatement on auditor turnover direction,although we do not find there exists significant relationship between restatement and auditor turnover direction,we do find that restating firms are more likely to replace incumbent auditor with higher rank auditor following fraud-related restatement announcement. On the other hand,restating firms are prone to replacing incumbent auditor with acquiescent auditor following error-related restatement announcement. Our findings suggest that eror-related restating firms seek obedience,whereas fraud-related restating firms intend to regain trust through auditor dismissal following restatementannouncement.