高管变更、审计师忙碌程度与审计费用

Management Changes,Busyness Level of Auditors and Audit Fees

本文以2005-2021年我国沪深A股上市公司数据为样本,探讨高管变更对审计费用的影响。实证结果表明,发生高管变更的上市公司,其审计费用更高,由忙碌程度高的审计师进行审计会进一步加强这一效应。进一步研究发现,上市公司发生高管变更会导致战略调整程度和审计投入的增加而使得审计费用增加;异质性检验表明,在公司规模较大的样本中,高管变更对审计费用的影响更为显著。研究结果为上市公司、审计师和相关部门关于公司高管变更审计与监管提供了决策参考。

Management Changes,Busyness Level of Auditors and Audit FeesWith the data of A-share listed companies in Shanghai and Shenzhen stock exchanges from 2005 to 2021 as the research subject,this article explores the impacts of management change on audit fee.It empirically verifies that those listed companies with management changes will pay higher audit fees,which will be enhanced by busier auditors with more engagements.It further finds that management changes of listed companies will lead to the adjustment of development strategies and more inputs in audit,leading to higher audit fees;with heterogeneity tests,it finds that in the samples of bigger companies and those companies whose financial reports are audited by non-Big Four accounting firms,the impacts of management changes on audit fees are more significant.Its findings can provide a basis for listed companies,auditors and relevant authorities to make decisions on the audit and supervision of management changes.