民间审计的博弈均衡和失衡_对美国萨班斯法案经济后果的一种解读

2010-04-1270872020JA09032S1977—、。256201011JOURNALOFAUDIT＆ECONOMICSVol．25No．6Nov．2010———350108。“”。“”。F239．43A1004-4833201006-0023-08、、2002Sarbanes-OxleyAct。19331934。1。、。Engel、HayesWangLeuz、TriantisWangSECPinksheet。2-3。IFAC20084。LennoxPittman———PCAOBHilaryLennoxPCAOB、5-6。20107。。·32·①。。LeuzWysocki8。PCAOB。“”、。。9。。。。、。“”“”“”“”。“”“”C1C0“”LL＜0W。“”。W＞C0。1。“”“”。“”。“”。“”。CPA。1。。。CPA。δδλ0λ1CPA、CPAδλ0、δλ1、CPAr0、r111+r0=δλ011+r1=δλ11CPACPA①。CPACPA·42·①“”。CPA。p0CPAp1CPACPAr0'、r1'11+r0'=δp011+r1'=δp12FICPA1CPACPA2CPA3CPA。CPA。。CPA“”。CPAC0－F。C0≥F3CPAW－C0。CPACPAW－C0r0'。C0－Fr0。W－C0r0'≤C0－Fr0F≤C0－r0W－C0r0'4433。。CPAW－C0CPA。CPACPAW－C0r1'。CPAF－IF－Ir1。F－Ir1≥W－C0r1'F≥r1W－C0r1'+I5CPAC1。CPAF≥I5。C0－r0W－C0r0'≥F≥r1W－C0r1'+I66①CPACPA、CPA。6r0、r1、r0'、r1'C0、WFI。r0r1CPAr0'CPACPA。r1'CPA。C0、WCPA。F、。I。。、CPA、。。·52·、1718。1920CPACPA。10。。18824IANY。18879AAPAAICPA。AAPA“”“”10。1917AAPA———AIA。CPA。。192348。。192010。10。。10。1929。1929。。11。。1929。、、。。1934SEC。19361959。。1939AIA。。。。。、·62·。《》。204060。2060、。2070。。“”、。2000810、。“”。。12。。207080AICPA。、。12。。“”12。。CPA。———。。6CPA、、CPA。。208025%50%12。r1W－C0r1'+I≥F≥C0－r0W－C0r0'7CPA。CPA、、。CPACPA。CPA。CPAcF'VV＞F'＞cC0－r0W－C0r0'+V≥F+F'≥r1W－C0r1'+I+c8、。2070、。199951%。。。8。W－C0W－C0+F'。CPA·72·。。AICPA12-13。。-。1973FASB。207010。。901995《》PrivateSecuritiesLitigationReformAct12。2060-12。、CPACPA、。2060-。-2002。PCAOB。r1'。404r0'。W。-404。r0。7776。IFAC20084。。。404。4046。C0F。。2-3。“”。SECPCAOB2007404。。PCAOBLennoxPittman。CPA、。。、。。14-15·82·。。16。。、“”。“”、、。、。、。。PCAOB。CPA。“”、“”“”。“”。“”“”。。。《》204060。404CPA。、。“”。、。、、。。。“”。“”。1RomanoR．TheSarbanes-OxleyActandthemakingofquack·92·corporategovernanceR．NYULawandEconomicsRe-searchPaper2004．2EngelEHayesRWangX．TheSarbanes-OxleyActandfirms'going-privatedecisionsJ．JournalofAccountingandEconomics200744116-145．3LeuzCTriantisAWangY．WhydofirmsgodarkCausesandeconomicconsequencesofvoluntarySECderegistrationsJ．JournalofAccountingandEconomics200845181-208．4LyleN．Financialreportingsupplychaincurrentperspec-tivesanddirectionsR．IFACReport2008．5LennoxCPittmanJ．AuditingtheauditorsevidenceontherecentreformstotheexternalmonitoringofauditfirmsJ．JournalofAccountingandEconomics20104984-103．6HilaryGLennoxC．Thecredibilityofself-regulationevi-dencefromtheaccountingprofession'speerreviewprogramJ．JournalofAccountingandEconomics200540211-229．7．2200N．212010-3-165．8LeuzCWysockiP．Economicconsequencesoffinancialre-portinganddisclosureregulationareviewandsuggestionsforfutureresearchR．UniversityofChicagoWorkingPa-per2008．9AK．M．．2007．10GJBD．———M．．2006．11．M．2000．12SA．M．2005．13．———J．200223-11．14．J．2003216-21．15．J．20052119-122．16．———PCAOBJ．2010129-33．GameEquilibriumandDisequilibriumofCivilAuditAnInterpretationoftheEconomicConsequencesofSarbanes-OxleyActZHUANGZhi-huaSchoolofAccountingSouthwestUniversityofFinanceandEconomicsChengdu611130ChinaAbstractTheauthorcombinedthehistorystudywiththegametheorytoresearchtheeconomicconsequencesofSarbanes-OxleyAct．ThenegativeeconomicconsequencesdoesnotmeanthefailureoftheSarbanes-OxleyActbutremindspeoplecivilauditisnotapublicproductbutaprivateorder．Theprimaryroleofthegovernmentandlawisnottosubstitutetheprivateordertoomuchbuttomakeupforitsdefects．Theproblemsofspecificmonitoringmethodsarethesurfacecausesofthenegativeeconomicconsequences．Theprivateordernatureofcivilauditistheunderlyingcause．Thepressuresandtemptationsaretheincentive．Thereforemuchhastobedonetofurtherimprovespecificmonitoringmethodsavoidingadverseeconomicconsequencesisalsoneededtoharmonizethepublicandprivateorderandtoreducetheunnecessarypressuresandtemptations．KeyWordscivilauditgameequilibriumSarbanes-OxleyActeconomicconsequences·03·