内部控制缺陷、外部审计意见与真实盈余管理——基于新三板公司的实证研究

Internal Control Defects,External Audit Opinions and Real Earnings Management——An Empirical Study Based on New Three-board Companies

近两年,在新三板挂牌公司的数量突飞猛涨,该市场急剧扩容。基于此,本文以2015~2016年新三板公司经验数据为样本,探究该板块企业的内部控制缺陷披露的情况,分析内部控制缺陷程度、外部审计意见与企业真实盈余管理程度之间的相关性,进而从内外两种角度,探究前两者对新三板企业真实盈余管理程度的影响。研究结论为:新三板公司内部控制缺陷披露程度与真实盈余管理程度为反向关系,外部审计意见与真实盈余管理程度呈正相关性。当管理层采取正(负)向真实盈余管理时,内部控制缺陷程度与真实盈余管理程度负(正)相关,而外部审计意见与盈余管理程度正(负)相关。

During the last two years,the number of new three-board companies has being soaring,and the market has expanded rapidly. Based on this background,this paper uses the empirical data of New Three-board companies from 2015 to2016 as samples to explore the disclosure of their internal control defects and study the impact and relevance of their internal defects disclosure,external audit opinions and corporate earnings management. The conclusion is that the degree of New Three-board Companies＇ internal control defects disclosureis inversely related to earnings management,and the external audit opinion is positively related to earnings management. When managers adopt positive real earnings management,the degree of internal control defects is negatively correlated with the degree of real earnings management,while the external audit opinion is positively related to the degree of earnings management. When the negative real earnings management is adopted,the degree of internal control defects is positively related to the degree of earnings management,and the external audit opinion is negatively correlated with the degree of real earnings management.