摘要
组织资本会影响企业的管理决策、投资政策和战略导向,本文旨在探讨组织资本这项重要的无形资产与财务报表审计费用之间的关系。基于沪、深两市A股上市公司样本,研究发现企业组织资本投资越多,会计师事务所收取的审计费用越高。进一步分析组织资本影响审计费用的路径和机制,发现高组织资本企业的经营风险更高,并且当审计师相对而言缺乏行业专长、客户公司的研发投入越低、客户公司盈余管理程度越高时,组织资本和审计费用之间的正相关关系更为显著,说明组织资本通过影响审计师的审计风险感知从而导致其调整审计费用。本文拓展了组织资本相关文献,也为管理者制定发展战略、审计师评估企业组织资本等无形资产的审计风险提供了参考。
Organization capital affects the management decision-making,investment policy,and strategic direction of the enterprise,and therefore may affect the auditor’s risk perception and thus its audit behavior.This paper examines the relationship between organization capital,an important intangible asset,and financial statement audit fees.Based on the sample of A-share listed companies in Shanghai and Shenzhen from 2007 to 2018,we find that the more organization capital investment companies accumulate,the higher the audit fees are charged by accounting firms.To further analyze the path and mechanism of the impact of organization capital on audit fees.Firstly,it returns the organization capital and the variables representing the business risk of the enterprise.The result reveals that companies with high organizational capital have higher business risks,and represents as higher level of LOSS,lower level of ROA,higher volatility of ROA,which indicates that the increase in audit fees caused by the increase in organizational capital is likely to stem from the increase in audit risk perceived by the auditor.Secondly,the heterogeneity analysis of the relationship between organization capital and audit fees reveals that the positive correlation becomes more significant when the auditor lacks industry expertise,the client company invests more in R&D,or the company engages in higher earnings management,which implies that organization capital causes auditors to adjust audit fees by affecting auditors’perception of audit risk.This paper expands the literature related to organization capital,and also provides a reference for managers to formulate development strategies and auditors to assess the audit risk of intangible assets such as organization capital.
作者
吉利
牟佳琪
程冕
Ji Li;Mou Jiaqi;Cheng Mian(School of Accounting,Southwestern University of Finance and Economics,Chengdu 611130)
出处
《中国审计评论》
2022年第1期61-84,共24页
China Auditing Review
基金
教育部人文社会科学研究项目“精准扶贫与企业慈善行为研究”(18YJA630041)的资助
关键词
组织资本
审计费用
审计师风险感知
organization capital
audit fees
auditor risk perception
