The Joint Effects of Multiple Legal System Characteristics on Auditing Standards and Auditor Behavior
The Joint Effects of Multiple Legal System Characteristics on Auditing Standards and Auditor Behavior
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DOI：
10.2139/ssrn.2281270
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发表时间：
2015-04
期刊：
影响因子：
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通讯作者：
D. Simunic;Minlei Ye;Ping Zhang
中科院分区：
文献类型：
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作者：
D. Simunic;Minlei Ye;Ping Zhang
本文推导了法律制度特征和审计准则对审计师行为(审计质量)的影响，并分析了不同法律制度下最优审计准则的确定。法律制度的特点是法律诉讼结果的不确定性不同(称为法律制度的模糊性)和损害赔偿金的平均数额不同。由准则制定者确定的审计准则可能在强硬和含糊方面有所不同。我们的分析为采用国际审计准则(ISAs)提供了启示。美国等审计师法律责任明显高于全球标准的国家不太可能采用国际会计准则，因为这些准则可能不会促使审计师提供最佳水平的审计质量。相反，像中国这样的国家采用内部审计准则本身不太可能带来高水平的审计质量，因为这些国家的法律制度使得向审计师追偿损害赔偿变得相当困难。此外，我们的模型表明，审计师轮换可以帮助提高审计质量，但仅在特定情况下。
This paper derives the impacts of legal system characteristics and auditing standards on auditor behavior (audit quality), and analyzes the determination of optimal auditing standards under different legal regimes. Legal regimes are characterized by differences in the uncertainty concerning the outcome of legal proceedings (termed vagueness of legal systems) and differences in the average size of damage awards. Auditing standards as determined by standard setters can vary in both toughness and vagueness. Our analysis provides implications for the adoption of International Standards on Auditing (ISAs). Countries, such as the U.S., where auditor legal liability is significantly more onerous than the global norm are not likely to adopt ISAs, since these standards may not induce auditors to provide the optimal level of audit quality. Conversely, the adoption of ISA’s by countries, such as China, where the legal system makes the recovery of damages from auditors quite difficult, is not by itself likely to result in a high level of audit quality. Furthermore, our model suggests that auditor rotation can help improve audit quality, but only in certain circumstances.