摘要
声誉惩罚机制是审计市场优胜劣汰的保障。当发生审计师的毁誉事件时,应该在观察到其客户股价下跌之后,发现审计师客户的流失或审计费用的降低。只有两者的发生才表明审计师产生了经济损失,声誉惩罚机制才得以形成。为了考察我国审计市场声誉惩罚机制是否形成,文章以财政部对审计行业的质量检查处罚公告为背景,实证检验了事件是否造成了该事件审计师客户的流失和审计费用的降低,结果表明处罚公告并未给审计师带来明显的经济损失,说明审计市场声誉惩罚机制的形成尚待时日。
Reputation punishment mechanism can ensure the fittest to survive in the auditing market. When an event damaging the au- ditor＇ s reputation happens, we should observe the decline of share prices for clients of the involved auditor, and then find the customer churn or audit fee reduction of the auditor. Only these phenomena mean that the economic losses of the auditor have been produced and the auditor reputation punishment mechanism has been formed in the market. In order to observe whether the reputation punishment mechanism has been formed in Chinese auditing market, this paper examines the reputation pun- ishment mechanism in audit market against the background of the disciplinary announcement released by the Ministry of Fi- nance of PRC in 2005. The findings show that the disciplinary announcement does not lead to evident economic losses for the sanctioned auditors, indicating that the reputation punishment mechanism has not been well established in Chinese auditing market now.
出处
《企业经济》
北大核心
2013年第5期170-173,共4页
Enterprise Economy
关键词
审计市场
声誉
惩罚机制
audit market
reputation
punishment mechanism
