审计中重要性的披露与非职业投资者投资判断——一项实验研究

Disclosure of Materiality and Non-professional Investors’ Investment Judgments--An experimental evidence

近年来,关于在审计报告中披露重要性的问题引起了会计职业组织和投资者的关注,然而重要性的披露是否会影响非职业投资者判断和决策尚不清楚。本文基于信息加工理论并采用实验研究方法,分析和检验了重要性的披露对非职业投资者投资判断的影响。研究发现,相比于不披露重要性,在审计报告中披露重要性时,非职业投资者判断的投资吸引力更低;在披露重要性的情况下,相比于披露的重要性较高时,当披露的重要性较低时,非职业投资者判断的投资吸引力更高。此外,还发现了是否披露重要性影响非职业投资者判断的具体路径。本文扩展和丰富了重要性研究的相关文献并对准则制定机构改进审计报告具有重要意义。

Recently,disclosing materiality in audit reports has attracted the attention of accounting professional organizations and investors.However,it is not clear whether the disclosure of materiality will affect the judgment and decision of non-professional investors.This paper analyzes and examines the effects of materiality disclosure on non-professional investors’investment judgment.We find that non-professional investors’judgement on investment attractiveness is lower when materiality is disclosed than when it is not disclosed;non-professional investors’judgement on investment attractiveness is higher when materiality is lower than when it is higher.In addition,this paper finds the concrete approach by which the disclosure of materiality affects non-professional investors'judgments.This paper expands and enriches the research of materiality.