上市公司审计费用与盈余管理实证分析——来自美国证券交易市场的数据

An Examination of the Relation between Audit Fees and Earnings Management——Data from the U. S. Securities and Exchange Market

文中通过了解美国证券市场审计收费变化对应计盈余管理和真实盈余管理活动的影响,说明审计费用增加会同时促进企业应计和真实盈余管理活动,高额的审计费用对审计工作的独立性有一定影响。

This research project examines the association between audit fees and earnings management. The sample of this research project contains 276 companies that report data on audit fees and on proxies for earnings management for fiscal years from Jan 1,2001 to Jan1,2011. Abnormal accruals are used as proxy for accrual earnings management,and abnormal cash flow( Abn_CFO),abnormal production costs( Abn_Prod),and abnormal discretionary expenses( Abn_Discexp) are used as proxies for real earnings management. The data of audit fees paid to audit firms are obtained,and regression models that connect audit fees and earnings management are set in order to find out the relation between audit fees and earnings management.