An analysis of US accounting firms’ cross-country audit quality of China concepts stocks*
An analysis of US accounting firms’ cross-country audit quality of China concepts stocks*
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DOI：
10.1080/21697213.2016.1196058
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发表时间：
2016-04
影响因子：
--
通讯作者：
Nan Jia;Dan Li
中科院分区：
文献类型：
--
作者：
Nan Jia;Dan Li
摘要美国上市公司会计监管委员会曾发文质疑美国会计师事务所将在美上市的中国公司审计业务外包的做法。本文通过对2001 - 2012年美国公司审计的中国概念股的分析，寻求跨国审计的最佳模式。研究表明，整合和联盟外包的质量显著高于非联盟外包，虽然前两种模式之间没有显着差异。但是，随着合作年限的延长，非联盟外包审计质量显著提高，与联盟外包审计质量的差异显著缩小。此外，对于集成模式，审计质量显着降低客户的重要性增加，从而减少了其在审计质量优于外包。因此，尽管一体化和联盟外包都有利于中国的跨国审计，但应特别注意公司可能损害大客户审计独立性的一体化。
Abstract PCAOB once issued an article challenging US accounting firms’ practice of outsourcing the audit of US-listed Chinese companies. By analysing China concepts stocks audited by US firms from 2001 to 2012, this paper seeks to find the optimal mode for cross-country auditing. The study shows that integration and alliance outsourcing have significantly higher quality than non-alliance outsourcing, although no significant difference has been found between the former two modes. However, as the length of cooperation extends, the audit quality of non-alliance outsourcing improves significantly, which remarkably narrowed its difference with alliance outsourcing. Moreover, for the integration mode, audit quality decreases significantly as client importance increases, and consequently reduces its superiority in audit quality over outsourcing. Hence, although both integration and alliance outsourcing are favourable for cross-country auditing in China, special attention should be paid to integration where firms may compromise audit independence for large clients.