企业创新与审计定价

Corporate Innovation and Audit Pricing

在国家推进创新驱动发展战略的背景下,企业创新强度逐步提升,由创新引致的经营风险、审计风险以及风险管理问题成为当前业界和学界关注的焦点.本文以2007~2018年我国A股非金融类上市公司为研究对象,从创新投入、创新产出、创新成效和创新环境四个维度探究了企业创新对审计定价的影响.研究发现:创新投入通过加剧企业风险进而影响财务报表的错报风险,审计师基于审计成本和风险补偿的考虑提高审计定价以保证审计质量;进一步研究表明,企业的创新产出、创新成效和创新环境被审计师视为创新风险的调节因素,显著降低了创新投入与审计定价的正相关关系.文章在理论上证实了风险导向的审计定价机理,在现实中对于优化企业创新风险管理和提升社会审计服务水平均具有较强的启示意义.

In the context of China’s promotion of innovation-driven development strategies,the intensity of enterprise innovation has gradually increased.In the meantime,business risks,audit risks,and risk management issues caused by innovation have become the focus of the industry and academia.Based on the data of China’s A-share non-financial listed companies for the period of 2007-2018,this article explores the impact of corporate innovation on audit pricing from the following four dimensions:innovation investment,innovation output,innovation effectiveness and innovation environment.The study finds that innovation investment affects auditor’s audit risk and litigation risk because business risks related to innovation have been raised,thus,auditors increase audit pricing based on the consideration of related audit cost and risk compensation to ensure audit quality.The empirical result of baseline regression shows a significant positive relation between corporate innovation investment and audit pricing.Further research finds that the positive relation is reduced significantly,if innovation output,innovation effectiveness and innovation environment is taken into consideration as a moderator respectively,each acting as a factor moderating the innovation risk.Theoretically,this paper confirms the riskoriented audit pricing mechanism.Practically,it provides an implication for optimizing enterprise innovation risk management,as well as improving the service level of high-quality CPA auditing.