| Earnings management has been a very important field in accounting research for a long time.Earnings management is based on the premise of following basic accounting standards.The management will report information about accounting returns to the outside world for purposeful adjustments.Seek related benefits.Information is redundant but useful information is more difficult to distinguish.More and more investors and creditors have turned their attention to the company ' s earnings management.They believe that the higher the quality of earnings management,the better the financial situation of the company.The degree of earnings management is used.Research on surrogate variables of audit quality is used more and more frequently in academia(Becker et al,1998;Bedard al,2004;Caramanis and Lenox,2008)?With the implementation of integrated audits abroad,China has first mandated listed companies to hire companies for internal control audits since 2010,and has vigorously advocated the comprehensive implementation of integrated audits by listed companies.Audit costs have been used to measure audit quality in many studies.And the research results also show that audit costs can be a good measure of audit quality.However,there is considerable controversy as to whether high audit costs will affect audit independence.The audit fees referred to in previous studies are studies on internal control audit fees or financial statement audit fees.However,after the integrated audit is implemented,the company must pay both internal audit and external audit fees.But the outgoing fees are indeed the disclosure of the two types of audit fees together.We refer to the "audit expenses" disclosed together as the integrated audit fees.There are many studies on audit costs and audit quality in China,but the audit costs referred to are the audit costs of financial statement audits or internal control audit costs.Since the implementation of integrated audits,the relevant studies have discussed the two types of audit costs separately,but They are all a set of processes that are implemented by one firm,and now more and more companies disclose the two fees together as integrated audit fees in the reports issued,which also allows us to integrate.As an alternative variable for the level of integrated auditing,audit fees provide a further opportunity for further in-depth study of integrated audit fees and earnings management,as well as discussion of the pricing of integrated audit fees in the market.Secondly,through combing and researching related theories,this article excavates the relevant theoretical basis for integrating audit fees,two-in-oneintegration and earnings management: audit demand theory,knowledge spillover effect theory,cost effect theory,management power and economic correlation Hypothesis theory.The theoretical derivation confirms the relationship between integrated audit fees and earnings management,the relationship between the integration of the two positions and the interaction of integrated audit fees and earnings management,and thus also studies the relationship between integrated audit fees,the integration of the two positions and earnings management for this article.The connection laid the foundation.There are many studies on audit costs and audit quality in China,but the audit costs referred to are the audit costs of financial statement audits or internal control audit costs.Since the implementation of integrated audits,the relevant studies have discussed the two types of audit costs separately,They are all a set of processes that are implemented by one firm,and now more and more companies disclose two types of fees together as integrated audit fees in the reports issued,which also allows us to integrate As an alternative variable for the level of integrated auditing,audit fees provide a further opportunity to further study integrated auditing fees and earnings management,and to explore the pricing of integrated auditing fees in the market.Secondly,through combing and researching related theories,this article excavates the relevant theoretical basis for integrating audit fees,two-in-one integration and earnings management: audit demand theory,knowledge spillover effect theory,cost effect theory,management power and economic correlation Hypothesis theory.The theoretical derivation confirms the relationship between integrated audit fees and earnings management,the relationship between the integration of the two positions and the interaction of integrated audit fees and earnings management,and thus also studies the relationship between integrated audit fees,the integration of the two positions and earnings management for this article.The connection laid the foundation.In this paper,a total of 5,530 listed companies that meet relevant conditions from2011 to 2017 are selected as the research sample,and integrated audit fees and earnings management are used as the main variables for empirical research.In addition,the integration of the two positions of director and manager is added as a moderating variable to study the impact of the multiplication of the integration of two positions and integrated audit fees on earnings management.In addition,as some studies have shown that the nature of property rights and ownership structure willaffect audit pricing(Fang Hongxing,2016;Nikkinen & Sahlstrm,2004)?This article will group and return according to the property rights of enterprises,and discuss whether the impact of the difference in total audit fees under integrated audits on the earnings management of enterprises under different property rights will be different because of the actual controller of the enterprise and the different management mechanisms.change.This article has three different findings:(1)The increase in integrated audit fees has an impact on audit quality.The higher the integrated audit fees of listed companies,the better the quality of financial statements.The knowledge spillover effect of the two audits conducted by the same firm will expand the scope of both audits and provide more comprehensive audit services.It is also the responsibility of the firm to be responsible for both audits.In order to produce high-quality reports,the scope of audits in internal control audits should generally be included in the inspection scope of financial statement audits.The larger the audit scope of the firm,the higher the audit costs and the final audit fees The audit quality provided in the end is also higher.(2)In an enterprise where the chairman and general manager are served by the same person,the higher the integrated audit fee paid,the worse the quality of earnings management.This is because the accounting firm and the board of directors are both agents of the enterprise,but the firm is selected by the board of directors.The board of directors and the manager have the same post and have the power to designate the firm,which greatly reduces the effectiveness of third-party supervision May become a helper of earnings manipulation for executives.At this time,the higher the integrated audit fees,it will help the company's management to cover the cost of earnings manipulation,making the earnings management phenomenon more serious.(3)The impact of integrated audit fees on state-owned enterprises and private enterprises on earnings management is different.Probably due to the relatively perfect supervision mechanism of the enterprises that actually control the man-made country,most of the actual controllers are assigned to the country and there is not much performance pressure,so the possibility of surplus manipulation is small.It has always been ahead of private enterprises,and integrated audits are better implemented in state-owned enterprises. |
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