臺灣博碩士論文加值系統

對於會計師同時提供受查客戶審計與非審計服務，一直以來皆受到主管機關的關注。為了提供給投資者更多訊息，證期局要求公司若符合一定門檻應揭露支付給會計師的各項公費資訊，本研究旨在探討非審計公費對財務報表價值攸關性之影響。

本研究藉由上市公司民國91與95年會計師公費之資訊為基礎，來檢驗非審計公費對財務報表價值攸關性之影響。實證結果發現當會計師同時提供審計與非審計服務時，非審計公費佔總公費比例越高，權益帳面價值之價值攸關性會有所提升，而盈餘之價值攸關性會下降，亦即投資人之評價過程較重視資產負債表數字，而較不重視損益表數字。另外，非審計公費佔總公費比例越高，裁決性應計數之價值攸關性越低。表示當非審計公費佔總公費比例越高時，投資人對於會計師審計品質產生疑慮，不信賴公司財務報表中盈餘中裁決性應計數之數字，進而降低其價值攸關性。

Non-audit service performed by auditor for their audit clients have long been a focus of concern for the regulators. In order to provide investors with more information, the Taiwan Securities and Future Bureau has mandated listed firms to disclosure their fees for both audit and non-audit services under some circumstances. This study examines the impact of non-audit fee on the value-relevance of financial statement information.
The sample includes 472 listed firms disclosing non-audit fee data during 2002 to 2006. This adopts the Olhson (1995) model to test the effect of non-audit fee on the value-relevance of financial statement. This study finds that non-audit service purchased by listed firms has a significant positive effect on the value relevance of equity book value, and significant negative effect on the value relevance of earnings and discretionary accruals. It indicates that investors rely more on the book value of equity, and less on earnings and discretionary accruals in stock valuation decisions when listed firms purchase audit and non-audit services from the same auditor.

第一章 緒論 .....................1
第一節 研究動機 ........................1
第二節 研究目的 ........................4
第三節 研究架構 ........................5
第二章 文獻探討 ........................7
第一節 非審計服務與會計師獨立性之關聯......7
第二節 財務報表價值攸關性 ................22
第三章 研究方法 ........................35
第一節 研究假說 ........................35
第二節 實證模型 ........................38
第三節 變數定義與衡量....................40
第四節 樣本選取.........................44
第四章 實證結果與分析....................47
第一節 敘述性統計.......................47
第二節 實證結果.........................49
第三節 敏感性分析.......................51
第五章 結論與建議.......................59
第一節 研究結論.........................62
第二節 研究限制.........................63
第三節 研究建議.........................64
參考文獻.................................66

王書鶴，2003，非審計服務公費對審計品質之影響－從盈餘管理的角度探討，私立中國文化大學會計研究所未出版之碩士論文。
李建然、許書偉、陳政芳，2003，「非審計服務與異常應計數之關聯性研究」，會計評論，第37期，頁1-30。
胡靜妮，2002，非審計服務與會計師獨立性關係之實證研究，國立台北大學會計學研究所未出版之碩士論文。
施妙樺，2003，審計公費、非審計公費與財務報表裁量性應計數之關連，國立政治大學會計學研究所未出版之碩士論文。
張文瀞、周玲臺、林修葳，2003，「內部人持股連續變動公司之盈餘管理行為特性」，會計評論，第37期，頁53-83。
許永聲、王泰昌，2005，「盈餘管理行為與會計資訊的評價能力，」國立中興大學會計研究所研討會，頁1-36。
彭火樹，2005，「股價與盈餘關係之研究：盈餘與權益帳面價值定式問題之再考量」，會計評論，第40期，頁69-90。
黃怡千，2006，非審計服務對會計師獨立性影響之研究：門檻制公費揭露，國立政治大學會計學研究所未出版之碩士論文。
廖英任，2005，盈餘管理與財務報表價值攸關性，私立輔仁大學會計學研究所未出版之碩士論文。
劉秀青，2005，非審計服務和盈餘管理之關係，國立成功大學會計學研究所未出版之碩士論文。
陳秀姿，2004，非審計服務與會計師獨立性之影響－從盈餘管理的角度探討，國立台北大學會計學研究所未出版之碩士論文。
Antle,R., P. A. Griffen, D.J. Teece,and O.E. Williamson. 1997. An economic analysis of auditor independence from a multi-client public accounting firm. Report prepared for the AICPA by The Law & Economics Consulting Group,inc.
Antle,R.,G.. Elizabeth, N. Ganapathi, and L. Zhou. 2002. The joint determination of audit fees, non-audit fees, and abnormal accruals. Working paper, Yale University.
Arrunada, B.1999. The economics of audit quality： private incentives and the regulation of audit and non-audit service. Norwell, Massachusetts：Kluwer Academic Publishers.
Ashbaugh, H., R. LaFond, and B.W. Mayhew. 2003. Do nonaudit service compromise auditor independence？further evidence. The Accounting Review 78：611-640.
Abarbanell, J. S., and B. J. Bushee. 1997. Fundamental analysis, future earnings, and stock prices. Journal of Accounting Research 35：1-24.
Beaver, W. H. 1968. The information content of annual earnings announcements. Journal of Accounting Research 6：67-92.
________, R. Clarke, and W. F. Wright. 1979. The association between unsystematic security returns and the magnitude of earnings forecast errors. Journal of Accounting Research 17：316-345.
Ball, R., and P. Brown. 1968. An empirical evaluation of accounting income numbers. Journal of Accounting Research 6：159-177.
Becker, C., M. Defond, J. Jiambalvo, and K. Subramanyam. 1998. The effect of audit quality on earnings management. Contemporary Accounting Research 15：1-24
Black, E. L., and J. J. White. 2003. An international comparison of income statement and balance sheet information: Germany, Japan and the US. European Accounting Review. 29–46.
Burgstahler, D. C., and I. D. Dichev. 1997. Earnings, adaptation and equity value. The Accounting Review. 72：187-215.
Barth, M. E., W. H. Beaver, and W. R. Landsman. 1998. Relative valuation roles of equity book value and net income as a function of financial health. Journal of Accounting & Economics. 25：1-34.
Bartov, E., F. A. Gul, and J. S.L. Tsui. 2001. Discretionary accruals models and audit qualifications. Journal of Accounting and Economics. 30：421-452.
Beeler, J. D., and J. E. Hunton. 2001. Contingent Economic Rents：Precursors to Predecisional Distortion of Client Information. Working Paper, University of South Carolina.
Collins, D. W., E. L. Maydew, and I. S. Weiss. 1997. Changes in the value-relevance of earnings and book values over the past forty years. Journal of Accounting & Economics.24：39-67.
_________, M. Pincus, and H. Xie. 1999. Equity valuation and negative earnings: the role of book value of equity. Accounting Review. 4：29-61.
Chaney, P., K. Philipich. 2002. Shredded reputation: the cost of audit failure. Journal of Accounting Research 40：1221-1245.
DeAngelo,L. 1981.Auditor independence, low-balling, and disclosure regulation. Journal of Accounting and Economics 3(August)：113-127
__________. 1981.Auditor size and audit quality. Journal of Accounting and Economics 3(August)：183-199
Dee, C.C. Lulseged, A.a., Nowlin, T.S., 2002.Earnings Quality and Auditor Independence: An Examination Using Non-audit Fee Data. Working paper, Florida State University- Department of Accounting.
Dechow, P. 1994. Accounting earnings and cash flows as measures of firm performance: the role of accounting accruals. Journal of Accounting and Economics. 18：3-42.
________, and R. G. Sloan. 1991. Executive incentives and the horizon problem: an empirical investigation. Journal of Accounting and Economics. 14： 51-89.
________, R. G. Sloan, and A. P. Sweeney. 1995. Detecting earnings management. The Accounting Review. 70：193-225.
DeFond, M., and J. Jiambalvo. 1994. Debt covenant effects and the manipulation of accruals. Journal of Accounting and Economics. 17：145-176.
__________, K. Raghunandan and K. Subramanyam. 2002. Do non-audit service fees impair auditor independence？evidence from going concern audit opinions. Journal of Accounting Research 40：1247-1274
Daniel, K. and S. Titman. 1997. Evidence on the characteristics of cross sectional variation in stock return. Journal of Finance 52(March)：1-33.
Dopuch, N., R. King, and R. Schwartz. 2001. An experimental investigation of retention and rotation requirements. Journal of Accounting Research 39：93-117
Ferguson, M.,G. S. Seow, and D. Young. 2004. Nonaudit service and earnings management：UK evidence. Contemporary Accounting Research 21：813-841.
Firth, M. 1997.The provision of non-audit services by accounting firms to their audit clients.Contemporary Accounting Research 14：1-21
Frankel, R., M. Johnson, and K.Nelson, 2002. The relation between auditors’fees for nonaudit service and earnings management. The Accounting Review 77：71-105.
Francis, J., and K. Schipper. 1999. Have financial statements lost their relevance. Journal of Accounting Research. 37：319-352.
__________, and B. Ke. 2002. Do fees paid to auditors increase a company’s likelihood of meeting analysts’ earnings forecasts？Working Paper, University of Missouri.
Fama, E. F. and K. R. French. 1992. The cross-section of expected stock returns. Journal of Finance 47(June)：427-466
Gore, P., Pope, P., and A. Singh.2001. non-audit services, auditor independence, and earnings management. Working Paper, Lancaster University.
Healy, P. M. 1985. The effect of bonus schemes on accounting decisions. Journal of Accounting and Economics. 7：85-107.
Jones, J. J. 1991. Earnings management during import relief investigations. Journal of Accounting Research. 29：193-228.
Kothari, S. P., A. J. Leone, and C. E. Wasley. 2005. Performance matched discretionary accrual measures. Journal of Accounting and Economics. 39：163-197.
Kasznik,R. and B. Lev. 1995.To warn or not to warn：management disclosures in the face of an earnings surprise. The Accounting Review.70：13-34.
Kormendi, R., and R. Lipe. 1987. Earnings innovations, earnings persistence, and stock returns. Journal of Business 60：323-346.
Larcker, D. F. and S. A. Richardson. 2004. Fees paid to audit firms, accrual choice, and corporate governance. Journal of Accounting Reseach (June)：42(3).
Lev, B., and S. R. Thiagarajan. 1993. Fundamental information analysis. Journal of Accounting Research 31：90-215.
Marquardt, C. A. and C. I. Wiedman. 2004. The effect of earnings management on the value relevance of accounting information. Journal of Business and Accounting.31：297-329.
Magge,R. and M. Tseng.1990. Audit pricing and independence. The Accounting Review.65：315-336.
Ou, J. A., and J. F. Sepe. 2002. Analysts earnings forecasts and the roles of earnings and book value in equity valuation. Journal of Business Finance & Accounting. 29： 287-316.
Ohlson, J. A. 1995. Earnings, book value, and dividends in equity valuation. Contemporary Accounting Research. 11： 661-687.
Parkash, M. and C., Venable. 1993. Auditee incentives for auditor independence: the case of non-audit services. The Accounting Review.68：113-133
Palmrose, Z. 1988. An analysis of auditor litigation and audit service quality. The Accounting Review. 63：55-73
Pitt, L., and B. Birenbaum. 1997. Serving the Public Interest：A New Concept Framework for Audit Independence. New York：NY American institute of certified public accountants.
Raghunandan, K., W. J. Read, and J. S. Whisenant. 2003. Initial evidence on the association between nonaudit fees and restated financial statement. Accounting Horizons 17：223-234
Reynolds, J. and J. Francis. 2001. Does size matter？ the influence of large clients on office-level auditor reporting decisions. Journal of Accounting and Economics. 30：375-400.
Simunic, D.,1984. Auditing, consulting, and auditor independence. Journal of Accounting Reseach 21：679-702.
Subramanyam, K. R. 1996. The pricing of discretionary accruals. Journal of Accounting and Economics. 22：249-281.
Cho , Han, and Kevin, F. Brown .2006. Do Nonaudit Services Enhance Value？Evidence from the Capital Markets. Working Paper. Drexel University, Rutgers University at Camden , and Wright State University.
Teoh, S. H., and T.J. Wong, 1993. Perceived auditor quality and the earnings response coefficient. The Accounting Review 68：346-367.
Tucker, J. W.,and P. A. Zarowin .2006. Does income smoothing improve earnings informativeness？The Accounting Review 81：251-270
Wang, C., C. Lee, and B. Huang .2003. An analysis of industry and country effects in global stock returns: evidence from Asian countries and the U.S. The Quarterly Review of Economics and Finance. 43: 560-577.
Wines, G., 1994. Auditor independence, audit qualifications and the provision of non-audit service：a note. Accounting and Finance 34：75-86.
Whelan, C., and R. McNamara. 2004. The Impact of Earnings Management on the Value-relevance of Financial Statement Information. Working Paper. Georgia College & State University, USA, and Bond University, Australia.