审计师处罚对盈余质量影响的实证研究——基于2009—2017年证监会处罚的经验证据

Impact of Auditor Punishment on Earnings Quality:On Empirical Evidence of CSRC Punishment from 2009 to 2017

以2009—2017年受到证监会行政处罚的会计师事务所为研究样本,采用固定效应模型来分析审计师处罚对审计质量的影响。研究发现,证监会在加大处罚力度之后,受到行政处罚的会计师事务所的审计质量明显提高了。同时还发现,证监会处罚对正向盈余管理行为影响较大,对负向盈余管理行为影响较小。这些结果表明我国审计市场中声誉机制和处罚机制已能发挥重要影响。为促进资本市场健康运行,市场监管部门应当加强市场监管,并且同时引导审计行业形成良好有效的声誉机制。

The accounting firms subjected to administrative punishment of the CSRC from 2009 to 2017 are used as a research sample,and the fixed effect model is used to analyze the impact of auditor punishment on the quality of the audit.The study has found that audit quality of accounting firms that received administrative penalties increased significantly after the SFC increased its penalties.The punishment of the CSRC has a greater impact on the positive earnings management behavior and less impact on the negative earnings management behavior.These results show that the reputation mechanism and punishment mechanism in China’s audit market have already played an important role.In order to promote the healthy operation of the capital market,the market supervision department should strengthen market supervision and at the same time guide the audit industry to form a good and effective reputation mechanism.