Effects of audit partners on clients’ business risk disclosure
Effects of audit partners on clients’ business risk disclosure
复制标题
审计合伙人对客户业务风险披露的影响
DOI：
10.1080/00014788.2017.1299619
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发表时间：
2017
影响因子：
1.7
通讯作者：
Hyonok Kim
中科院分区：
文献类型：
--
作者：
Hironori Fukukawa;Hyonok Kim
本文对审计业务合伙人参与企业风险披露进行了实证研究。具体而言，我们考察了业务风险披露的质量是否受到审计合伙人任期和知识的影响。我们还研究了合伙人任期和知识对四大会计师事务所和非四大会计师事务所的影响是否相似。自2003财年以来，日本上市公司被要求披露经营风险信息。尽管业务风险信息未经过审计，但担心其审计质量的审计师可能会试图影响客户的业务风险披露做法。就叙述性业务风险披露向管理层提供建议有助于提高审计师服务的感知价值，这可能是一种竞争优势。以2003 - 2010年的日本上市公司为样本，我们发现审计合伙人任期越短，公司披露的经营风险信息越多，披露的内容也越详细。此外，拥有审计合作伙伴的公司如果有更多的客户，就会更详细地披露更多的业务风险信息。然而，如果他们属于四大会计师事务所，则业务合伙人效应会减轻。
We empirically investigate audit engagement partners’ involvement in business risk disclosure. Specifically, we examine whether the quality of business risk disclosure is influenced by engagement partner tenure and knowledge. We also examine whether the effects of partner tenure and knowledge are similar for Big 4 audit firms and non-Big 4 firms. Since fiscal year 2003, listed companies in Japan have been required to disclose business risk information. Although the business risk information is not audited, auditors concerned about their audit quality may seek to influence clients’ business risk disclosure practices. Giving advice to management on the narrative business risk disclosure can contribute to improving the perceived value of the auditor’s services which can be a competitive advantage. Using a sample of Japanese listed companies from 2003 to 2010, we find that if the engagement partners’ tenure is shorter, a company discloses more business risk information and the disclosure is more detailed. Furthermore, companies with audit partners who have a larger number of client engagements disclose larger amounts of business risk information in more detail. However, the engagement partner effects are mitigated if they belong to a Big 4 firm.