跳到主要內容

臺灣博碩士論文加值系統

(3.236.50.201) 您好!臺灣時間:2021/08/02 00:57
字體大小: 字級放大   字級縮小   預設字形  
回查詢結果 :::

詳目顯示

我願授權國圖
: 
twitterline
研究生:楊雅涵
研究生(外文):Ya-HanYang
論文名稱:高風險性資產與會計師更換:以金融風暴後之美國金融業為例
論文名稱(外文):Financial Assets at Fair Value and Auditor Switch:Evidence from the Post-Crisis Era
指導教授:陳政芳陳政芳引用關係黃炳勳黃炳勳引用關係
指導教授(外文):Jeng-Fang ChenJeng-Fang Chen
學位類別:碩士
校院名稱:國立成功大學
系所名稱:會計學系碩博士班
學門:商業及管理學門
學類:會計學類
論文種類:學術論文
論文出版年:2012
畢業學年度:100
語文別:中文
論文頁數:38
中文關鍵詞:第三級公允價值資產更換會計師審計公費
外文關鍵詞:Level3 fair value assetsAudit switchesAudit fees
相關次數:
  • 被引用被引用:1
  • 點閱點閱:182
  • 評分評分:
  • 下載下載:0
  • 收藏至我的研究室書目清單書目收藏:1
本研究主要探討金融風暴過後,金融業之公允價值衡量的高風險性資產與其會計師更換之間的關聯性。金融風暴後,雷曼兄弟(Leman Brother)破產導致Ernst & Young會計師事務所聲譽受損,因此,本研究主要以Ernst & Young會計師事務所查核之金融業為對象,探討持有以公允價值衡量之高風險金融資產的公司是否較易更換至審計品質較好的會計師事務所。
SFAS157將資產公允價值的衡量分為三個階層,而分級的依據是根據資產的流動性來區分,第三級的資產相對而言是較不具流動性的,且第三級公允價值資產的查核可能存在較高的系統風險以及資訊不對稱的現象(Riedl and Serafeim 2011)。本研究即探討,該項高風險的資產是否使Ernst & Young客戶轉由產業專家會計師事務所查核。此外本研究進一步探討持有高風險資產卻仍繼續由Ernst & Young查核的金融客戶,是否因Ernst & Young聲譽受損而享有較低的審計公費。
本研究實證結果顯示,在金融風暴後,有較高第三級公允價值資產的Ernst & Young客戶,較容易轉由產業專家會計師事務所查核。此外本研究亦發現,在金融風暴後,有較高第三級公允價值資產且繼續由Ernst &Young查核的客戶,其享有較低的審計公費。此實證研究結果隱含聲譽受損的會計師事務會以較低公費挽留客戶。
This study aims to examine the relationship between high risk financial assets and auditor switches after financial crisis. The collapse of Leman Brother leads to damage the reputation of Ernst & Young. As a result, our study focus on Ernst & Young’s clients that are financial institutions in the U.S., and examine whether company with high risk financial assets are inclined to switch to higher quality accounting firm.
Statement of Financial Accounting Standards No. 157 (FAS No. 157) classifies the information used in fair value measurements into three levels by the liquidity of assets. For level 3 fair value assets, which show a lower level of liquidity, it may cause high system risk and information asymmetry. This study focuses on the influence of high risk financial assets on auditor switching from Ernst & Young to industry specialist. Furthermore, our study examines whether Ernst & Young’s financial institution clients benefit from the poor reputation of Ernst & Young and resulted in lower audit fees charged.
The empirical results indicated that the clients of Ernst & Young with more high risk financial assets were inclined to switch to industry specialist after financial crisis. Furthermore, we found that Ernst & Young’s clients, who didn’t switch auditor after the financial crisis, have lower audit fees. The evidence implied that the accounting firms with poor reputation will charge lower audit fees in order to keep their clients.
第一章 緒論 1
第一節 研究背景 1
第二節 研究動機與目的 3
第三節 研究架構 5
第二章 文獻探討 7
第一節 公允價值衡量(Fair Value Measurement)7
第二節 更換會計師(Auditor Change)、產業專家會計師(Industry Specialist) 10
第三節 審計公費(Audit Fee) 12
第三章 研究設計 14
第一節 研究假說 14
第二節 研究模型與變數 18
第三節 樣本選取 22
第四章 實證結果與分析 24
第一節 敘述性統計分析 24
第二節 第三級公允價值資產較高的EY客戶是否更換產業專家會計師之回歸結果分析 26
第三節 第三級公允價值衡量資產較高的EY客戶與審計公費關係之回歸實證結果分析 29
第五章 結論與建議 32
第一節 結論 32
第二節 研究限制與建議 33
參考文獻 35
Benston, G. J. 2008. The shortcomings of fair-value accounting described in SFAS 157. Journal of Accounting and Public Policy 27 (2):101-114.
Berlin, and Walsh. 1972. Corporations and Their Outside Auditors. Conference Board Report.
Chang, J. S., W. B. Thomas, and Y. Han. 2010a. Value Relevance of FAS No. 157 Fair Value Hierarchy Information and the Impact of Corporate Governance Mechanisms. Accounting Review 85 (4):1375-1410.
Chang, S., W. B. Thomas, and Y. Han. 2010b. Value Relevance of FAS No. 157 Fair Value Hierarchy Information and the Impact of Corporate Governance Mechanisms. Accounting Review 85 (4):1375-1410.
Chen, F., K. Lam, W. Smieliauskas, and M. Ye. 2010. Fair Value Measurement and Auditor versus Management Conservatism:Evidence from banking Industry. Working paper.
Chow, C. W., and S. J. Rice. 1982. Qualified Audit Opinions and Auditor Switching. Accounting Review 57 (2):326.
Dopuch, N., and D. A. Simunic. 1982. Competition in Auditing:An Assessment. Fourth Symposium on Auditing Research,Urbana,University of Illinois:401-492.
Easton, P. D., P. H. Eddey, and T. S. Harris. 1993. An Investigation of Revaluations of Tangible Long-Lived Assets. Journal of Accounting Research 31 (ArticleType: research-article / Issue Title: Studies on International
36
Accounting / Full publication date: 1993 / Copyright © 1993 Accounting Research Center, Booth School of Business, University of Chicago):1-38.
Ettredge, and Yang Xu, and a. H. Yi. 2011. Fair Value Measurements and Audit Fees: Evidence from the Banking Industry. SSRN eLibrary.
Feldmann, D. A., and W. J. Read. 2010. Auditor Conservatism after Enron. AUDITING: A Journal of Practice & Theory 29 (1):267-278.
Fields, L. P., D. R. Fraser, and M. S. Wilkins. 2004. An investigation of the pricing of audit services for financial institutions. Journal of Accounting and Public Policy 23 (1):53-77.
Fried, D., and A. Schiff. 1981. CPA Switches and Associated Market Reactions. Accounting Review 56 (2):326.
Geiger, M. A., K. Raghunandan, and D. V. Rama. 2005. Recent Changes in the Association between Bankruptcies and Prior Audit Opinions. AUDITING: A Journal of Practice & Theory 24 (1):21-35.
Goh, B. W., Ng, Jeffrey and Yong, Kevin Ow. 2011. Fair Value Disclosures Beyond SFAS 157’s Three-Level Estimates. SSRN eLibrary.
Goncharov, I., E. J. Riedl, and T. Sellhorn. 2011. Fair Value and Audit Fees. SSRN eLibrary.
Hackenbrack, K., and W. R. Knechel. 1997. Resource Allocation Decisions in Audit Engagements*. Contemporary Accounting Research 14 (3):481-499.
Hay, D. C., W. R. Knechel, and N. Wong. 2006. Audit Fees: A Meta-analysis of the Effect of Supply and Demand Attributes. Contemporary Accounting Research 23 (1):141-191.
37
Johnson, W. B., and T. Lys. 1990. The market for audit services: Evidence from voluntary auditor changes. Journal of Accounting and Economics 12 (1–3):281-308.
Kolev, K. 2009. Do Investors Perceive Marking-to-Model as Marking-to-Myth? Early Evidence from FAS 157 Disclosure. Working paper.
Landsman, W. R. 2007. Is fair value accounting information relevant and reliable? Evidence from capital market research. Accounting & Business Research (Wolters Kluwer UK):19-30.
Martin, R. D., J.S.Rich,and T.J.Wilks. 2006. Auditing Fair Value Measurements: A Synthesis of Relevant Research. Accounting Horizons 20 (3):287-303.
Muller, K. A., III, E.J.Riedl, and T.Sellhorn. 2010. Mandatory fair value accounting and information asymmetry:evidence from the European real estate industry. Management Science.
Myers, L., J.Schmidt, and M.Wilkins. 2010. An investigation of recent changes in going concern reporting decisions among Big N and Non-Big N auditors. Working paper,University of Arkansas and Texas A&M University.
Palmrose, Z.-V. 1986. Audit Fees and Auditor Size: Further Evidence. Journal of Accounting Research 24 (1):97-110.
Penman, S. H. 2007. Financial reporting quality: is fair value a plus or a minus? Accounting & Business Research (Wolters Kluwer UK):33-43.
Pratt, J., and J. D. Stice. 1994. The Effects of Client Characteristics on Auditor Litigation Risk Judgments, Required Audit Evidence, and Recommended Audit Fees. Accounting Review 69 (4):639-656.
Rama, D. V., and W. J. Read. 2006. Resignations by the Big 4 and the Market for Audit Services. Accounting Horizons 20 (2):97-109.
38
Riedl, E. J., and G. Serafeim. 2011. Information Risk and Fair Values: An Examination of Equity Betas. Journal of Accounting Research 49 (4):1083-1122.
Roberts, R. W., G. W. Glezen, and T. W. Jones. 1990. Determinants of Auditor Change in the Public Sector. Journal of Accounting Research 28 (1):220-228.
Ryan, S. G. 2008. Accounting in and for the Subprime Crisis: American Accounting Association, 1605-1638.
Shockley, R. A., and R. N. Holt. 1983. A Behavioral Investigation of Supplier Differentiation in the Market for Audit Services. Journal of Accounting Research 21 (2):545-564.
Simunic, D. A. 1980. The Pricing of Audit Services: Theory and Evidence. Journal of Accounting Research 18 (1):161-190.
Wallace, W. A. 2005. Auditor Changes and Restatements. CPA Journal 75 (3):30-33.
Watts, R. L. 2003. Conservatism in Accounting Part I: Explanations and Implications. Accounting Horizons 17 (3):207-221.
Williams, D. D. 1988. The Potential Determinants of Auditor Change. Journal of Business Finance & Accounting 15 (2):243-261.
連結至畢業學校之論文網頁點我開啟連結
註: 此連結為研究生畢業學校所提供,不一定有電子全文可供下載,若連結有誤,請點選上方之〝勘誤回報〞功能,我們會盡快修正,謝謝!
QRCODE
 
 
 
 
 
                                                                                                                                                                                                                                                                                                                                                                                                               
第一頁 上一頁 下一頁 最後一頁 top