独立董事的自愿辞职与审计师的回应:来自中国 A 股上市公司的经验证据

IF 1.9 Q2 BUSINESS, FINANCE China Journal of Accounting Research Pub Date : 2024-08-14 DOI:10.1016/j.cjar.2024.100386
Dongling Li , Yuhong Li , Fei Guo
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引用次数: 0

摘要

我们研究了审计师对独立董事自愿辞职的反应。我们发现,审计师会通过增加审计费用或解除与客户的合作关系来应对,但不会通过增加审计工作来应对。机制测试表明,独立董事的自愿辞职会导致监管制裁和媒体负面报道的增加,这些关系在新《证券法》颁布后更为明显。审计师的应对策略遵循优先顺序:在可接受的感知风险水平上,审计师会增加审计费用;当感知风险超过这一水平时,审计师会中断客户关系。审计师认为,有过(与没有)独立董事连续自愿辞职经历的公司风险更大。强制辞职则没有这种影响。
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Voluntary resignation of independent directors and auditor responses: Empirical evidence from Chinese A-share listed firms
We examine auditor responses to the voluntary resignation of independent directors. We show that auditors respond by increasing audit fees or rescinding engagement with their clients, but not by increasing their audit effort. Mechanism tests reveal that independent directors’ voluntary resignation leads to increased regulatory sanctions and negative media coverage, these relationships are more pronounced after the New Securities Law. Auditor response strategies follow an order of priority: at an acceptable level of perceived risk, auditors increase audit fees; when perceived risk exceeds this level, auditors will discontinue the client relationship. Auditors associate greater risk with firms that have (vs. have not) experienced consecutive voluntary resignations by independent directors. Mandatory resignation has no such effect.
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来源期刊
CiteScore
4.70
自引率
0.00%
发文量
295
审稿时长
15 weeks
期刊介绍: The focus of the China Journal of Accounting Research is to publish theoretical and empirical research papers that use contemporary research methodologies to investigate issues about accounting, corporate finance, auditing and corporate governance in the Greater China region, countries related to the Belt and Road Initiative, and other emerging and developed markets. The Journal encourages the applications of economic and sociological theories to analyze and explain accounting issues within the legal and institutional framework, and to explore accounting issues under different capital markets accurately and succinctly. The published research articles of the Journal will enable scholars to extract relevant issues about accounting, corporate finance, auditing and corporate governance related to the capital markets and institutional environment.
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