臺灣博碩士論文加值系統

本研究探討1994年度六大會計師事務所法律結構由一般合夥制轉變為有限責任合夥制(LLP)對客戶盈餘品質之影響。 此項會計師事務所法律結構之轉變會減少其訴訟風險，且降低會計師事務所內部互相監督之誘因。以往文獻以會計師產業專精及盈餘反應係數(ERC)探討審計品質及盈餘品質之關聯性，且研究指出審計品質與盈餘品質具有正向關係。本研究實證結果指出，六大會計師事務所改變為LLP之後的盈餘品質比改變為LLP之前有大幅降低之趨勢。因此，有限責任合夥制度之實施會使得審計人員之審計品質及查核客戶之盈餘品質下降。

This study provides evidence on earnings response coefficients (ERC) of the change in audit firm legal structure to limited liability partnerships (LLP) to show the effect on companies’ earnings quality by LLP. The change in legal structure of audit firms reduces an audit firm’s wealth at risk from litigation damages and reduces the incentives for intrafirm monitoring by partners within an audit firm. Prior literatures have examined association between audit quality and earnings quality, using industry specialization to proxy for audit quality and ERC to proxy for earnings quality, and they have positive association. My empirical results indicate that ERC of Post-LLP is significantly lower than Pre-LLP. This result presents that clients’ earnings quality is worse in Post-LLP than Pre-LLP sample.

Content

Page
中文摘要 ……………………………………………………………………… ii
Abstract ………………………………………………………………………… iii
誌謝 ……………………………………………………………………………… iv
Content ………………………………………………………………………… v
Tables ………………………………………………………………………… vii
Fitures ………………………………………………………………………… viii
1. INTRODUCTION 1
1.1. MOTIVATION AND OBJECTIVES 1
1.2. STRUCTURE 3
2. LITERATURE REVIEW 4
2.1. AUDITOR LIABILITY 5
2.2. EARNINGS QUALITY 10
2.3. EARNINGS RESPONSE COEFFICIENTS (ERC) 12
2.4. AUDIT QUALITY 16
2.4.1. Auditor Brand Name 16
2.4.2. Auditor Industry Specialization 17
2.4.3. Auditor-auditee Bonding 17
2.4.4. Auditor Tenure 18
3. RESEARCH DESIGN AND DATA 20
3.1. HYPOTHESES 20
3.2. EMPIRICAL MODEL 22
3.3. EMPIRICAL PROXIES 24
3.4. SAMPLE SELECTION 27
4. EMPIRICAL RESULTS 28
4.1. DESCRIPTIVE STATISTICS AND PERSON CORRELATIONS 28
4.2. ERC REGRESSION ESTIMATES 36
4.3. ADDITIONAL ANALYSES 40
4.3.1. Chow Test 40
4.3.2. Sensitivity Test 43
5. CONCLUSIONS AND SUGGESTIONS 46
5.1. EMPIRICAL CONCLUSIONS 46
5.2. RESEARCH LIMITATIONS 47
5.3. SUGGESTIONS 48
REFERENCES 49

Tables

TABLE 2 1 THE DATE OF BIG SIX AUDIT FIRMS CHANGING TO LLP FORM 7
TABLE 2 2 DEFINITION OF CAR AND UE 15
TABLE 2 3 VARIOUS DEFINITIONS OF AUDIT QUALITY 19
TABLE 3 1 INDUSTRIES INCLUDED IN HIGH-TECHNOLOGY SAMPLE 26
TABLE 4 1 DESCRIPTIVE STATISTICS FOR VARIABLES 29
TABLE 4 2 CORRELATIONS MATRIX 35
TABLE 4 3 THE EMPIRICAL RESULTS OF EQUATION (4) 37
TABLE 4 4 THE EMPIRICAL RESULTS OF CHOW TEST 42
TABLE 4 5 THE EMPIRICAL RESULTS OF SENSITIVITY TEST 44


Figures

FIGURE 2 1 FRAMEWORK FOR LITERATURE REVIEW 4
FIGURE 4 1 PLOT OF REGRESSION OF STANDARDIZED RESIDUAL 39

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