新审计报告与商业信用

New Audit Report and Trade Credit

本文以商业信用为切入点,考察供应商和客户如何解读和回应新审计报告中披露的关键审计事项。研究发现,关键审计事项披露会显著降低企业的商业信用融资,表明供应商和客户将关键审计事项解读为一项风险信息。截面机制检验发现,公司治理较好时,可以缓解供应商和客户对企业财务报告质量的担忧,关键审计事项披露对商业信用的负面影响得以缓解。此外,关键审计事项数量越多、关键审计事项与可抵押资产相关时,关键审计事项披露对商业信用的负面影响越明显,而关键审计事项应对强度越高、具有结论性评价时,负面影响得以缓解。本文从供应链关系视角为新审计报告改革效果提供进一步的经验证据,对企业和准则制定者具有一定的启示。

Based on trade credit,this paper examines how suppliers and customers interpret and respond to disclosed key audit matters in the new audit report.The study finds that the disclosure of key audit matters will significantly reduce the enterprises'trade credit financing,indicating that suppliers and customers interpret key audit matters as risk information.Cross-sectional mechanism test finds that when corporate governance is better,both the concerns of suppliers and customers about the quality of financial reports and negative effect of key audit matters on trade credit can be alleviated.In addition,when the number of key audit matters is larger and the key audit matters are related to mortgageable assets,the negative impact of key audit matters on trade credit is more pronounced;when audit response strength of key audit matters is higher and have a conclusive evaluation,the negative impact can be mitigated.This paper provides further empirical evidence for the effect of the new audit report reform from the perspective of supply chain relationship,which may have implications for enterprises and standard-setters.