审计师合作关系网络、跨所流动与行政处罚溢出效应

Auditor Partnership Network,Inter-firm Job-hopping and Punishment Spillover Effect

基于审计师非正式网络的视角,分析并检验了与受罚审计师共处同一合作关系网络的执业经历对未受罚审计师跨所流动后审计质量的影响。研究发现,具有该执业经历的未受罚审计师转所后的审计质量更高。这一处罚溢出效应受到了新任职事务所的一体化管理程度、跨所流动审计师的年龄、与受罚审计师的网络社交距离、以及证监会处罚力度的异质性影响;机制分析表明,为跨所流动审计师配置更有经验的项目搭档,以及审计师个人的社会学习是处罚溢出效应产生的重要原因;进一步研究发现,处罚溢出效应的持续期为三年左右,且当审计客户外部监管风险越高时,处罚溢出效应更为显著。上述研究结论从审计师合作关系网络层面揭示了行政处罚的跨所溢出效应及其产生机制,对于加强事务所内部管理和质量控制具有一定的启示意义。

From the perspective of auditors' informal network,this paper examines the impact of co-working experience with the punished auditors in the same partnership network on the audit quality of the unpunished jobhopping auditors.The results suggest that the audit quality is higher when the unpunished auditor had this coworking experience before job-hopping.This punishment spillover effect is moderated by the integration level of the new accounting firm,the age of the job-hopping auditor,the closeness between the job-hopping auditor and the punished auditor,and the severity of punishment of CSRC.The allocation of more experienced signing partners by the new accounting firm for the job-hopping auditors,and the social learning of the job-hopping auditors are mechanisms for the inter-firm punishment spillover effect.Further research shows that the spillover effect lasts about three years,and that the higher the external regulatory risk of the audit client,the stronger the effect.From the perspective of auditor partnership networks,the evidence above reveals and explains the inter-firm spillover effect of administrative punishments,which provides reference for accounting firms' internal management and quality control.