中国上市公司盈利管理与审计师变更的实证研究

上市公司盈利管理行为和审计变更都是监管者和投资者所关注的问题。本文以2001年和2002年发生审计师变更的上市公司为研究样本,发现在审计师变更的前一年,变更公司的可操纵应计利润显著降低,而在变更当年,可操纵应计利润却显著提高。说明为了规避盈利管理所带来的潜在诉讼风险,审计师会坚持采用降低公司盈利水平的会计政策和处理方法,这是导致审计师变更的重要原因。然而,上市公司却能通过变更审计师达到提高会计盈利目的。

Earnings Management of the Listed Companies and Auditor Change: Empirical Evidence from China

Earnings management and auditor change of listed companies are the problems that both the regulators and the investors have been paid attention to.In the sample of auditor change firms in 2001 and 2002,we find the discretionary accruals are significant decreasing during the last year with predecessor auditor and generally significant increasing during the first year with successor.So,for eluding the latent litigation risk by earnings management,the incumbent auditor can prefer conservative accounting choices,this is the important reason to cause auditor change.However,managers dismissed the incumbent auditors in hope of finding a more reasonable successor and increasing the earnings of companies.