上市公司審計(jì)委員會(huì)設(shè)立與效率研究
發(fā)布時(shí)間：2018-08-25 15:28
【摘要】： 審計(jì)委員會(huì)是董事會(huì)下屬的具有獨(dú)立地位的專(zhuān)門(mén)委員會(huì),其職責(zé)是通過(guò)評(píng)價(jià)公司內(nèi)部財(cái)務(wù)控制和風(fēng)險(xiǎn)管理體系、監(jiān)控公司財(cái)務(wù)報(bào)告體系的運(yùn)行和內(nèi)、外部審計(jì)過(guò)程,以提高財(cái)務(wù)信息披露質(zhì)量,全面確保公司受托責(zé)任的履行和解除。審計(jì)委員會(huì)制度歷經(jīng)發(fā)展,在英美等國(guó)上市公司中,已成為公司內(nèi)部有效保護(hù)股東利益的一種制度安排。進(jìn)入21世紀(jì)以來(lái),在美國(guó)和歐洲發(fā)生的一系列財(cái)務(wù)舞弊和審計(jì)失敗案,使審計(jì)委員會(huì)的作用得到社會(huì)各界的進(jìn)一步重視。美國(guó)和英國(guó)的證券監(jiān)管機(jī)構(gòu)相繼頒布法案,提升審計(jì)委員會(huì)在公司治理框架中的地位,并完善審計(jì)委員會(huì)制度的內(nèi)容,以適應(yīng)經(jīng)濟(jì)環(huán)境的變化。審計(jì)委員會(huì)制度在國(guó)際范圍內(nèi)的發(fā)展,也受到我國(guó)證券監(jiān)管層、會(huì)計(jì)職業(yè)界、公司管理層和學(xué)者們的廣泛關(guān)注,審計(jì)委員會(huì)制度逐步在我國(guó)上市公司董事會(huì)中建立。但是,審計(jì)委員會(huì)制度在我國(guó)產(chǎn)生和逐步建立的經(jīng)濟(jì)環(huán)境與英美國(guó)家存在很大的不同。在英美等國(guó),審計(jì)委員會(huì)的產(chǎn)生和發(fā)展是基于公司股權(quán)分散所導(dǎo)致的股東與公司管理層的代理沖突,而在我國(guó),上市公司表現(xiàn)出高度集中的股權(quán)結(jié)構(gòu)。同時(shí),目前審計(jì)委員會(huì)在我國(guó)仍處于自愿設(shè)立階段。本文基于我國(guó)上市公司股權(quán)結(jié)構(gòu)特征的分析,對(duì)影響上市公司設(shè)立審計(jì)委員會(huì)的因素及其效率進(jìn)行研究。 本文的主要內(nèi)容分為兩大部分,第一大部主要從控股股東與中小股東之間代理沖突的角度,對(duì)影響我國(guó)上市公司設(shè)立審計(jì)委員會(huì)的因素進(jìn)行經(jīng)驗(yàn)研究。研究結(jié)果表明,制衡性股權(quán)結(jié)構(gòu)有利公司監(jiān)督機(jī)制的完善,非控股股東持股比例越高,公司設(shè)立審計(jì)委員會(huì)的可能性更大,其中,第二大股東起主導(dǎo)作用;第一大股東對(duì)公司實(shí)現(xiàn)絕對(duì)控股時(shí),出于對(duì)中小股東利益“掠奪”的需要,公司自愿設(shè)立審計(jì)委員會(huì)的可能性顯著下降。此外,在研究過(guò)程中還發(fā)現(xiàn),股權(quán)性質(zhì)也會(huì)影響審計(jì)委員會(huì)的設(shè)立。對(duì)于非國(guó)有股控股公司,其控股股東加強(qiáng)了對(duì)公司的控制,公司設(shè)立審計(jì)委員會(huì)的可能性較低。 第二大部分是關(guān)于審計(jì)委員會(huì)效率的研究,從盈余管理、審計(jì)師變更和審計(jì)收費(fèi)的角度為審計(jì)委員會(huì)的效率提供經(jīng)驗(yàn)證據(jù)。研究結(jié)果表明:(1)從審計(jì)委員會(huì)與盈余管理的關(guān)系看,設(shè)立審計(jì)委員會(huì)的公司其盈余管理水平顯著低于未設(shè)立之公司,首次為審計(jì)委員會(huì)的有效性提供了經(jīng)驗(yàn)證據(jù)。此外,審計(jì)委員會(huì)規(guī)模與其控制盈余管理的有效性負(fù)相關(guān);(2)從審計(jì)委員會(huì)與外部審計(jì)師變更關(guān)系看,設(shè)立審計(jì)委員會(huì)的公司,外部審計(jì)師發(fā)生變更的可能性顯著降低,這表明審計(jì)委員會(huì)能有效緩解管理層與外部審計(jì)師之間就如何運(yùn)用公認(rèn)會(huì)計(jì)原則產(chǎn)生的分歧,并在相互的沖突中向外部審計(jì)師提供支持;(3)從審計(jì)委員會(huì)與年報(bào)審計(jì)收費(fèi)變化之間的關(guān)系看,公司設(shè)立審計(jì)委員會(huì)都與審計(jì)收費(fèi)變化顯著負(fù)相關(guān),這為審計(jì)委員會(huì)能夠改善內(nèi)部控制環(huán)境,降低外部審計(jì)的控制風(fēng)險(xiǎn)提供了間接證據(jù)。 本文基于控股股東與中小股東代理沖突的分析,利用經(jīng)驗(yàn)研究方法,首次發(fā)現(xiàn)影響我國(guó)審計(jì)委員會(huì)設(shè)立的因素,豐富了股權(quán)結(jié)構(gòu)與公司治理相關(guān)理論的內(nèi)容,這有助于認(rèn)識(shí)和研究股權(quán)結(jié)構(gòu)如何具體影響公司治理行為等問(wèn)題。同時(shí),利用現(xiàn)有可行資料,既從運(yùn)行結(jié)果,也從運(yùn)行過(guò)程對(duì)審計(jì)委員會(huì)的效率進(jìn)行了全面和系統(tǒng)的研究,分別從盈余管理、外部審計(jì)師變更和審計(jì)收費(fèi)的角度,首次為中國(guó)上市公司審計(jì)委員會(huì)的有效性提供了經(jīng)驗(yàn)證據(jù)。
[Abstract]:Audit committee is a special committee with independent status under the board of directors. Its responsibility is to monitor the operation and internal and external audit process of the company's financial reporting system by evaluating the company's internal financial control and risk management system so as to improve the quality of financial information disclosure and ensure the performance and dissolution of the company's fiduciary responsibilities. Since the beginning of the 21st century, a series of financial fraud and auditing failure cases have occurred in the United States and Europe, which have made the role of the Audit Committee more important. Securities regulatory agencies have enacted bills to upgrade the status of the audit committee in the corporate governance framework and improve the content of the audit committee system to adapt to changes in the economic environment. The audit committee system is gradually established in the board of directors of Listed Companies in China. However, the economic environment in which the audit committee system was created and gradually established in China is quite different from that in the United Kingdom and the United States. At the same time, the audit committee is still in the stage of voluntary establishment in China. Based on the analysis of the equity structure characteristics of Listed Companies in China, this paper studies the factors affecting the establishment of audit committee and its efficiency.
The main content of this paper is divided into two parts. The first part is mainly from the angle of agency conflict between controlling shareholders and small and medium shareholders to study the factors that affect the establishment of Audit Committee of Listed Companies in China. The second largest shareholder plays a leading role; the first largest shareholder takes absolute control of the company, out of the need to "plunder" the interests of small and medium shareholders, the possibility of voluntary establishment of audit committees declines significantly. In addition, in the course of the study, it is also found that the nature of equity will also affect. Establishment of audit committee. For non-state-owned stock holding companies, the controlling shareholders have strengthened their control over the company, and the possibility of establishing audit committee is lower.
The second part is about the efficiency of audit committee, which provides empirical evidence for the efficiency of audit committee from the perspective of earnings management, auditor change and audit fees. The company, for the first time, provides empirical evidence for the effectiveness of the audit committee. In addition, the size of the audit committee is negatively correlated with the effectiveness of controlling earnings management. (2) From the perspective of the relationship between the audit committee and external auditors, the possibility of change of external auditors in the company with audit committee is significantly reduced, which indicates that the auditor Committee has changed. It can effectively alleviate the disagreement between management and external auditors on how to apply GAAP and provide support to external auditors in mutual conflicts. (3) From the relationship between Audit Committee and annual report audit fee changes, the establishment of audit committee is significantly negatively related to the change of audit fee, which is an audit. The committee can provide indirect evidence for improving the internal control environment and reducing the control risk of external audit.
Based on the analysis of agency conflict between controlling shareholders and minority shareholders, this paper finds out the factors that affect the establishment of Audit Committee for the first time by empirical research method, enriches the content of related theories of ownership structure and corporate governance, which is helpful to understand and study how ownership structure affects corporate governance behavior. Existing feasible data, from the operating results, but also from the operating process of the audit committee efficiency of a comprehensive and systematic study, respectively, from the perspective of earnings management, external auditor changes and audit fees, for the first time to provide empirical evidence for the effectiveness of the audit committee of Listed Companies in China.
【學(xué)位授予單位】：廈門(mén)大學(xué)
【學(xué)位級(jí)別】：博士
【學(xué)位授予年份】：2007
【分類(lèi)號(hào)】：F276.6;F239.4
本文編號(hào)：2203321
[Abstract]:Audit committee is a special committee with independent status under the board of directors. Its responsibility is to monitor the operation and internal and external audit process of the company's financial reporting system by evaluating the company's internal financial control and risk management system so as to improve the quality of financial information disclosure and ensure the performance and dissolution of the company's fiduciary responsibilities. Since the beginning of the 21st century, a series of financial fraud and auditing failure cases have occurred in the United States and Europe, which have made the role of the Audit Committee more important. Securities regulatory agencies have enacted bills to upgrade the status of the audit committee in the corporate governance framework and improve the content of the audit committee system to adapt to changes in the economic environment. The audit committee system is gradually established in the board of directors of Listed Companies in China. However, the economic environment in which the audit committee system was created and gradually established in China is quite different from that in the United Kingdom and the United States. At the same time, the audit committee is still in the stage of voluntary establishment in China. Based on the analysis of the equity structure characteristics of Listed Companies in China, this paper studies the factors affecting the establishment of audit committee and its efficiency.
The main content of this paper is divided into two parts. The first part is mainly from the angle of agency conflict between controlling shareholders and small and medium shareholders to study the factors that affect the establishment of Audit Committee of Listed Companies in China. The second largest shareholder plays a leading role; the first largest shareholder takes absolute control of the company, out of the need to "plunder" the interests of small and medium shareholders, the possibility of voluntary establishment of audit committees declines significantly. In addition, in the course of the study, it is also found that the nature of equity will also affect. Establishment of audit committee. For non-state-owned stock holding companies, the controlling shareholders have strengthened their control over the company, and the possibility of establishing audit committee is lower.
The second part is about the efficiency of audit committee, which provides empirical evidence for the efficiency of audit committee from the perspective of earnings management, auditor change and audit fees. The company, for the first time, provides empirical evidence for the effectiveness of the audit committee. In addition, the size of the audit committee is negatively correlated with the effectiveness of controlling earnings management. (2) From the perspective of the relationship between the audit committee and external auditors, the possibility of change of external auditors in the company with audit committee is significantly reduced, which indicates that the auditor Committee has changed. It can effectively alleviate the disagreement between management and external auditors on how to apply GAAP and provide support to external auditors in mutual conflicts. (3) From the relationship between Audit Committee and annual report audit fee changes, the establishment of audit committee is significantly negatively related to the change of audit fee, which is an audit. The committee can provide indirect evidence for improving the internal control environment and reducing the control risk of external audit.
Based on the analysis of agency conflict between controlling shareholders and minority shareholders, this paper finds out the factors that affect the establishment of Audit Committee for the first time by empirical research method, enriches the content of related theories of ownership structure and corporate governance, which is helpful to understand and study how ownership structure affects corporate governance behavior. Existing feasible data, from the operating results, but also from the operating process of the audit committee efficiency of a comprehensive and systematic study, respectively, from the perspective of earnings management, external auditor changes and audit fees, for the first time to provide empirical evidence for the effectiveness of the audit committee of Listed Companies in China.
【學(xué)位授予單位】：廈門(mén)大學(xué)
【學(xué)位級(jí)別】：博士
【學(xué)位授予年份】：2007
【分類(lèi)號(hào)】：F276.6;F239.4
【引證文獻(xiàn)】
相關(guān)博士學(xué)位論文 前1條
1 蔣基路;特定應(yīng)計(jì)項(xiàng)的盈余管理研究[D];暨南大學(xué);2009年
相關(guān)碩士學(xué)位論文 前3條
1 戴金釧;上市公司審計(jì)委員會(huì)治理有效性研究[D];東北財(cái)經(jīng)大學(xué);2010年
2 諶嘉席;審計(jì)委員會(huì)治理功能與銀行債權(quán)人權(quán)益保護(hù)研究[D];西南財(cái)經(jīng)大學(xué);2010年
3 莊薇;我國(guó)上市公司審計(jì)委員會(huì)的設(shè)立動(dòng)機(jī)及其治理有效性研究[D];西南財(cái)經(jīng)大學(xué);2010年
，本文編號(hào)：2203321
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