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“厦门大学会计学科教师与研究生系列Seminar”之五

发布者:gulei   发布时间:2017-04-11 10:23:20   浏览数: 次   [ 返回 ]



为了活跃厦门大学会计学科的学术研究氛围,激发既有教师与在校研究生的学术研究热情和积极性,促进教师之间、教师与研究生之间、研究生彼此之间的深入交流、思想碰撞与知识分享,我们组织了由厦门大学会计学科的常任教师、博()士研究生、国际访问学者等作为报告人的系列Seminar。该Seminar将冠以厦门大学会计学科教师与研究生系列Seminar”的总标题,从2017314日起,每周周二下午15:00-17:30举行。该Seminar与已有的财务、会计Seminar”(主要聘请校外与境外的学者担任报告人) 相互补充,以期能够更好地推动厦门大学会计学科的学术发展。

 

“厦门大学会计学科教师与研究生系列Seminar”之五

 

  One firm and two regulators: the role of PCAOB cooperation in cross listing auditing

报告人:孙增元 助理教授

 

主持人: 胡金帅 副教授

    间:2017418(星期二)15:00-17:30

 

    点:厦门大学嘉庚409

 

论文摘要: This paper examines the impact of regulation cooperation between PCAOB and foreign counterpart on cross listed firms’ auditing liability, auditor choices, and auditing efforts. We argue that 1) denied access to auditing inspection and information sharing originated from judicial right conflicts lead to a deadweight cost for cross listed firms’ auditing in terms of high legal liability, and 2) effective cooperation solves this issue and therefore not only reduce auditor liability but also improve auditors’ efforts input. Consistent with our argument, after the passage of PCAOB cooperation with a cross listed firm’s home country regulators, auditors charge lower fees to this firm. The effect is particularly significant in firms from strong rule of law countries, firms with top 4 auditors, and firms with poor earnings quality. Further, cross listed firms, particularly poor quality firms, are more likely to select top 4 auditors. Finally, accounting restatement rates decrease after PCAOB cooperation and the decline is more pronounced for firms with high abnormal auditing fees.