盈余管理、审计风险与非对称审计收费

Dec.2009,Vol.5,No.12(SerialNo.55)JournalofModernAccountingandAuditing,ISSN1548-6583,USA4820084300732008601[1]SimunicandStein1996BedardandJohnstone2004JonesSimunic&Stein199612Simunic1980[9]Heninger20013%13%【】200849Houston1999[7]Barron2001[5]Heninger2001Palmrose&Scholz2004Houston1999Lee&Mande2003[7]Barron2001[5]H1Barron2001Dechow2000SkinnerSloan2002[6]H220081011601CSMAREXCELSPSSLNFEE=b0+b1DA×INCR+b2DA×DECR+b3EP×DA×INCR+b4SIZE+b5INVERC+b6RECURLOS+b7LEVERAGE+b8FIRM+b9BORDMEET+e1.LNFEE=LNFEE2.1DA19981998TA2008502003Jones[4]JonesDA2P/EP/E200812312008P/EP/EP/EP/E[8]DA3.Simunic1980[9]Simunic1980200220042003[3]611LNFEEDA*INCRDAINCR200810DA*DECRDADECR200810P/E*DA*INCRP/E200812312008P/EP/EP/EDAINCR200810.SIZE2008AssetINVREC2008RECURLOS2005~200710LEVERAGE2008BORDMEET2008FIRM10263.3946200851DA0.07650.1990.69712DA66.3728.26-3.74451820080.2916%48%20089.31252AUDITFEE63.3946.0063.171069.3DA0.0650.1990.699-0.2.5516.84P/Eraw66.3728.26105.992.07852.50P/EIndustry-Adjusted0-3.741.06-63.55786.87ASSETInMillions4506.961870.8911626.0058.2200021.14INVREC0.2860.2660.14700.907LEVERAGE0.480.480.190.0181.61BROADMEET9.3193.02325N=601AdjustedRSquared0.3600.000VIF20.11P/E*DA*INCRP0.0550.120.12008520.010.013tSig.VIFConstant+12.68633.1810.000DA*INCR+0.0311.1250.0261.022DA*DECR-0.4071.0080.0311.031P/E*DA*INCR+-0.008-1.9200.0551.020SIZE+0.0050.2750.0781.054INVREC+0.0933.9510.0001.075RECURLOS+-0.186-3.6460.0001.021LEVERAGE+0.4054.0520.0001.075FIRM+1.46915.5560.0001.021BROADMEET+0.0162.5250.0121.035N=601AdjustedRSquared=0.36Sig.=0.000[2][1].[J].20047[2].[J].20062.[3].[J].200312.[4].[J].20032.[5]Barron,O.,J.Pratt,andJ.D.Stice.(2001).Misstatementdirection,litigationrisk,andplannedauditinvestment.JournalofAccountingResearch,(39).200853[6]DeFond,M.,andC.W.Park.(1997).Smoothingincomeinanticipationoffutureearnings.JournalofAccountingandEconomics,(23).[7]Houston,R.W.,M.F.Peters,andJ.H.Pratt.(1999).Theauditriskmodel,businessrisk,andauditplanningdecisions.TheAccountingReview,(74).[8]LawrenceJ.Abbott,SusanParker,andGaryF.Peters.(2006).Earningsmanagement,litigationrisk,andasymmetricauditfeeresponses.Auditing:AJournalofPractice&Theory,(5).[9]Simunic,D..(1980).Thepricingofauditservices:Theoryandevidence.JournalofAccountingResearch,(18).Earningsmanagement,auditriskandasymmetricalauditfeeresponse:EvidencesfrommanufacturingindustryinChinaPENGXinAbstract:Thestudyselected601listedcompaniesinmanufacturingsectorasresearchsample.Theauthorexaminedtherelationshipbetweenauditfeesandearningsmanagementfromtheperspectiveofauditriskbornebyauditors,usingpubliclyavailablefeedatafor2008.Itisfoundthat,despitetheexistenceoftheasymmetricauditrisk,duetotheuniqueregulatorysysteminChina,auditfeesincreasewiththeriskbecauseofincome-decreasingorincome-increasingearningsmanagementrisk.Besides,thefindingsintheanalysiscontradictthepostulationthatthepositiverelationbetweenincome-increasingearningsmanagementriskandauditfeesshouldbemoreobviousinhigh-growthfirm.Keywords:auditfee;auditrisk;earningsmanagementdirectionMaryCanny30CurriculumsystemconstructionofemergencymanagementTANGWei-qin,LIUTeng-hong,ZHANGJing-dongAbstract:ThespecialtyofemergencymanagementhasbeenenteringChinauniversities,butitscurriculumsystemhasn’tbeenestablished.Thenecessitiesofconstructingthecurriculumsystemofemergencymanagementareanalyzed,theabilitiesownedbytalentsofmodernemergencymanagementareelaborated,andtheperfectcurriculumsystemsofemergencymanagementareconstructed.Theywillhelptoguidetheconstructionanddevelopmentofthespecialtyofemergencymanagement.Keywords:emergencymanagement;curriculumsystem;curriculummodularizationLinda