The Relation Between Auditors' Fees for Non-Audit Services and Earnings Quality
The Relation Between Auditors' Fees for Non-Audit Services and Earnings Quality
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非审计服务的审计师费用与盈余质量的关系
DOI：
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发表时间：
2015
期刊：
影响因子：
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通讯作者：
Richard Frankel
中科院分区：
文献类型：
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作者：
Marilyn F. Johnson;Karen K. Nelson;Richard Frankel
我们研究了提供非审计服务和盈余质量之间的关联。由于担心非审计服务对财务报告可信度的影响，证券交易委员会最近发布了经修订的审计师独立性规则，要求公司在年度委托书中披露支付给审计师的审计和非审计服务费用。使用从2001年2月5日至2001年6月15日提交的委托书中收集的数据，我们提出的证据表明，公司购买更多的非审计服务，从他们的审计师更有可能只是满足或超过分析师的预测，并报告更大的绝对可支配应计利润。然而，购买非审计服务与达到其他收益基准无关。我们还发现，非审计费用占总费用的比例的意外成分与申请日的股票收益率呈负相关。这些结果是一致的论点，提供非审计服务加强了审计师与客户的经济纽带，投资者的价格这种效果。
We examine the association between the provision of non-audit services and earnings quality. Because of concerns regarding the effect of non-audit services on financial reporting credibility, the Securities and Exchange Commission recently issued revised auditor independence rules requiring firms to disclose in their annual proxy statement the amount of fees paid to auditors for audit and non-audit services. Using data collected from proxy statements filed between February 5, 2001 and June 15, 2001, we present evidence that firms purchasing more non-audit services from their auditor are more likely to just meet or beat analysts' forecasts and to report larger absolute discretionary accruals. However, the purchase of non-audit services is not associated with meeting other earnings benchmarks. We also find that the unexpected component of the non-audit to total fee ratio is negatively associated with stock returns on the filing date. These results are consistent with arguments that the provision of non-audit services strengthens an auditor's economic bond with the client and that investors price this effect.