供应商企业风险信息与客户审计收费--基于年报MD&A文本的经验证据

Suppliers’Risk Information and Clients’Audit Fees:Empirical Evidence Based on Management Discussion and Analysis in the Annual Report

本文以2009―2019年A股上市公司为研究样本,分析并检验了供应商年报管理层讨论与分析(MD&A)中的风险信息对客户审计定价决策的影响。研究发现:供应商MD&A中的风险信息越多,客户审计收费越高,且这一关系在供应链合作更紧密、供应商的相对议价能力更强时更加显著;同时,MD&A风险信息主要通过揭示增量风险、增加额外审计投入提高了审计收费。进一步分析发现,不同类型MD&A风险信息的影响存在差异,且该信息有助于减少客户的财务重述与违规行为、提高审计质量。上述结论表明,供应商的“软”信息强化了审计师对客户的风险判断进而影响了审计定价。

This paper takes China’s A-share listed companies from 2009 to 2019 as a research sample to analyze and tests the influence of suppliers’MD&A risk information on customers’audit pricing decisions.The results show that:the more risk information in the supplier’s MD&A,the higher the customer audit fee,and this relationship is more significant when the supply chain cooperation is closer and the supplier’s relative bargaining power is stronger.Moreover,MD&A risk information increases audit fees mainly by revealing incremental risks and increasing additional audit investment.Further analysis shows that the influence of different types of MD&A risk information is heterogeneous,and the information can help reduce customers’financial restatements and irregularities,and improve audit quality.The above conclusion shows that the“soft”information of suppliers strengthens the auditor’s risk judgment on the customers,and then affects the audit pricing.