政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/122254
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113324/144300 (79%)
Visitors : 51120213      Online Users : 783
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/122254


    Title: 香港上市公司關鍵查核事項揭露與企業風險之關聯性
    The Association between Key Audit Matters Disclosure and Corporate Risks: Evidence from Hong Kong
    Authors: 孫怡安
    Sun, Yi-An
    Contributors: 林宛瑩
    孫怡安
    Sun, Yi-An
    Keywords: 關鍵查核事項
    企業風險
    Key audit matters
    Corporate risk
    Date: 2018
    Issue Date: 2019-02-12 15:40:47 (UTC+8)
    Abstract: 查核報告是會計師跟投資人溝通查核過程及結果的管道，近幾年，為提升查核報告之溝通價值，各準則制定機構要求查核人員額外揭露有助於財務報表使用者瞭解對企業而言最為重要的資訊，希望能讓財務報表使用者更瞭解查核過程。此新式會計師查核報告中改變最大及影響層面最廣的部分主要係要求會計師對上市（櫃）公司財務報表之會計師查核報告中溝通關鍵查核事項。
    關鍵查核事項的揭露原則上為經會計師專業判斷對該企業之風險最為相關之事項。因此，為探討關鍵查核事項揭露之項數及字數是否有反應企業之風險，本研究以香港上市公司為樣本，探討關鍵查核事項揭露之項數及字數來衡量其與企業風險之關聯性，實證結果顯示，關鍵查核事項之揭露會受到產業特性及會計資訊之影響而有所不同，且不論是項數或字數，關鍵查核事項之揭露會反映企業之財務風險及訴訟風險。
    Audit report is the channel which auditors communicate their audit process and results with investors. The standards setting organizations recently have released new guildline, requiring auditors to disclose more information to help users understand the most important part for the corporation, have a better understanding of the audit process and improve the communication value of the audit report. The most influential aspect of the new audit report mainly requires auditors to disclose Key Audit Matter （KAM） in the auditor report of the listed company’s financial statements. Key audit matters are things that in the auditor’s judgment are of most significance in the audit of the current period financial statements.
    This study measures the relevance between the disclosure of key audit matters and corporate risks. Using Hong Kong listed companies as samples, this study discusses whether the number and length of key audit matters reflect the risks of companies. The empirical results show that the disclosure of key auditing matters will be affected by the characteristics of the industry and accounting information, and the number of key audit matters and the length of it will both reflect the financial risks and litigation risks of the company.
    Reference: 一、中文部分
    邱茗囷，2015，國際審計監理議題重要趨勢，證券暨期貨月刊，第33卷 (7月)：15-27。
    徐永堅，2016，審計準則公報第五十八號「查核報告中關鍵查核事項之溝通」之內容、
    影響與建議，證券暨期貨月刊，第34卷(9月)：30-41。
    黃仲豪，2016，推動我國採用新式會計師查核報告由英國實施經驗論起，證券暨期貨月
    刊，第34卷第9期：5-15
    黃國源、方順逸，2017，臺灣首次適用「關鍵查核事項」之探討，貨幣觀測與信用評等，
    第127期(9月)：51-64
    賴德隆、方順逸，2017，新式查核報告之源起及KAM在英法之適用經驗，貨幣觀測與
    信用評等，第127期(9月)：37-50

    二、英文部分
    Bédard, J., P. Coram, R. Espahbodi, and T. J. Mock. 2016. Does recent academic research support changes to audit reporting standards? Accounting Horizons 30 (2):255-275.
    Bédard, J., N. Gonthier-Besacier, and A. Schatt. 2014. Costs and benefits of reporting Key Audit Matters in the audit report: The French experience. Paper list at International Symposium on Audit Research.
    Barth, M. E., D. P. Cram, and K. K. Nelson. 2001. Accruals and the prediction of future cash flows. The Accounting Review 76 (1):27-58.
    Beaver, W., P. Kettler, and M. Scholes. 1970. The association between market determined and accounting determined risk measures. The Accounting Review 45 (4):654-682.
    Bhattacharya, U., H. Daouk, and M. Welker. 2003. The world price of earnings opacity. The Accounting Review 78 (3):641-678.
    Blankespoor, E., G. S. Miller, and H. D. White. 2013. The role of dissemination in market liquidity: Evidence from firms` use of Twitter™. The Accounting Review 89 (1):79-112.
    Botosan, C. A. 1997. Disclosure level and the cost of equity capital. The Accounting review 72 (3):323-349.
    Brasel, K., M. M. Doxey, J. H. Grenier, and A. Reffett. 2016. Risk disclosure preceding negative outcomes: The effects of reporting critical audit matters on judgments of auditor liability. The Accounting Review 91 (5):1345-1362.
    Brown, S., and S. A. Hillegeist. 2007. How disclosure quality affects the level of information asymmetry. Review of Accounting Studies 12 (2-3):443-477.
    Bushman, R. M., and A. J. Smith. 2001. Financial accounting information and corporate governance. Journal of Accounting and Economics 32 (1):237-333.
    Campbell, J. L., H. Chen, D. S. Dhaliwal, H.-m. Lu, and L. B. Steele. 2014. The information content of mandatory risk factor disclosures in corporate filings. Review of Accounting Studies 19 (1):396-455.
    Cates, T. 2013. KPMG UK Comment Letter on FRC Revision to ISA (UK and Ireland) 700: Requiring the auditor`s report to address risks of material misstatement, materiality and a summary of audit scope.
    Chang, Y. T.,W. Chi. and D. Stone. 2018. The Effect of Client-Specific Experience on the Disclosure Quality of Key Audit Matters: Evidence from Taiwan. Working Paper. National Chengchi University Taiwan.
    Chen, K.-P., and C. C. Chu. 2005. Internal control versus external manipulation: A model of corporate income tax evasion. RAND Journal of Economics:151-164.
    Chen, S., X. Chen, Q. Cheng, and T. Shevlin. 2010. Are family firms more tax aggressive than non-family firms? Journal of financial economics 95 (1):41-61.
    Chen, S., M. L. DeFond, and C. W. Park. 2002. Voluntary disclosure of balance sheet information in quarterly earnings announcements. Journal of Accounting and Economics 33 (2):229-251.
    Christensen, B. E., S. M. Glover, and C. J. Wolfe. 2014. Do critical audit matter paragraphs in the audit report change nonprofessional investors` decision to invest? Auditing: A Journal of Practice & Theory 33 (4):71-93.
    Cohen, D. A. 2003. Quality of financial reporting choice: Determinants and economic consequences.
    De Franco, G., M. F. Wong, and Y. Zhou. 2011. Accounting adjustments and the valuation of financial statement note information in 10-K filings. The Accounting Review 86 (5):1577-1604.
    Dechow, P., W. Ge, and C. Schrand. 2010. Understanding earnings quality: A review of the proxies, their determinants and their consequences. Journal of Accounting and Economics 50 (2):344-401.
    Dechow, P. M., and I. D. Dichev. 2002. The quality of accruals and earnings: The role of accrual estimation errors. The Accounting Review 77 (s-1):35-59.
    DeFond, M., and J. Zhang. 2014. A review of archival auditing research. Journal of Accounting and Economics 58 (2-3):275-326.
    Deloitte. 2017. Clear, transparent reporting. The new auditor`s report. Available at: https://www2.deloitte.com/content/dam/Deloitte/be/Documents/audit
    Desai, M. A., and D. Dharmapala. 2008. Tax and corporate governance: an economic approach. Tax and corporate governance: Springer, 13-30.
    Desai, M. A., A. Dyck, and L. Zingales. 2007. Theft and taxes. Journal of Financial Economics 84 (3):591-623.
    Dunn, K. A., and B. W. Mayhew. 2004. Audit firm industry specialization and client disclosure quality. Review of Accounting Studies 9 (1):35-58.
    Easley, D., and M. O`hara. 2004. Information and the cost of capital. The Journal of Finance 59 (4):1553-1583.
    Fama, E. F., and K. R. French. 1993. Common risk factors in the returns on stocks and bonds. Journal of financial economics 33 (1):3-56.
    Fields, T. D., T. Z. Lys, and L. Vincent. 2001. Empirical research on accounting choice. Journal of Accounting and Economics 31 (1-3):255-307.
    Francis, J., R. LaFond, P. Olsson, and K. Schipper. 2005a. The market pricing of accruals quality. Journal of Accounting and Economics 39 (2):295-327.
    Francis, J., R. LaFond, P. M. Olsson, and K. Schipper. 2004. Costs of equity and earnings attributes. The Accounting Review 79 (4):967-1010.
    Francis, J., D. Nanda, and P. Olsson. 2008. Voluntary disclosure, earnings quality, and cost of capital. Journal of Accounting Research 46 (1):53-99.
    Francis, J. R., I. K. Khurana, and R. Pereira. 2005b. Disclosure incentives and effects on cost of capital around the world. The Accounting Review 80 (4):1125-1162.
    Francis, J. R., and D. Wang. 2008. The joint effect of investor protection and Big 4 audits on earnings quality around the world. Contemporary Accounting Research 25 (1):157-191.
    Freeman, R., and S. Tse. 1992. An earnings prediction approach to examining intercompany information transfers. Journal of Accounting and Economics 15 (4):509-523.
    Gimbar, C., B. Hansen, and M. E. Ozlanski. 2016. The effects of critical audit matter paragraphs and accounting standard precision on auditor liability. The Accounting Review 91 (6):1629-1646.
    Glosten, L. R., and P. R. Milgrom. 1985. Bid, ask and transaction prices in a specialist market with heterogeneously informed traders. Journal of financial economics 14 (1):71-100.
    Grossman, S. J., and O. D. Hart. 1980. Disclosure laws and takeover bids. The journal of finance 35 (2):323-334.
    Gutierrez, E., M. Minutti-Meza, K. W. Tatum, and M. Vulcheva. 2016. Consequences of changing the auditor’s report: Evidence from the UK: Working Paper, Universidad de Chile, University of Miami, and Florida International University. 2016. Website, https://papers. ssrn. com/sol3/papers. cfm.
    International Auditing and Assurance Standards Board (IAASB). 2015a. Forming an Opinion and Reporting on Financial Statements. International Standard on Auditing (ISA) 700. New York, NY: International Federation of Accountants.
    International Auditing and Assurance Standards Board (IAASB). 2015b. Communications Key Audit Matters in the Independent Auditor’s Report. International Standard on Auditing (ISA) 701. New York, NY: International Federation of Accountants.
    International Auditing and Assurance Standards Board (IAASB). 2015c. Auditor Reporting – Key Audit Matters. New York, NY: International Federation of Accountants.
    International Auditing and Assurance Standards Board (IAASB). 2012. Improving the Auditor’s Report. New York, NY: International Federation of Accountants.
    Köhler, A. G., N. V. Ratzinger-Sakel, and J. C. Theis. 2016. The Effects of Key Audit Matters on the Auditor`s Report`s Communicative Value: Experimental Evidence from Investment Professionals and Non-Professional Investors.
    Kachelmeier, S., J. Schmidt, and K. Valentine. 2014. The effect of disclosing critical audit matters in the auditor`s report on perceived auditor responsibility for misstatements: Working paper, The University of Texas at Austin.
    Kothari, S. P., X. Li, and J. E. Short. 2009. The effect of disclosures by management, analysts, and business press on cost of capital, return volatility, and analyst forecasts: A study using content analysis. The Accounting Review 84 (5):1639-1670.
    Lambert, R., C. Leuz, and R. E. Verrecchia. 2007. Accounting information, disclosure, and the cost of capital. Journal of Accounting Research 45 (2):385-420.
    Lang, M., K. V. Lins, and M. Maffett. 2012. Transparency, liquidity, and valuation: International evidence on when transparency matters most. Journal of Accounting Research 50 (3):729-774.
    Lee, C. M., B. Mucklow, and M. J. Ready. 1993. Spreads, depths, and the impact of earnings information: An intraday analysis. The Review of Financial Studies 6 (2):345-374.
    Lennox, C. S., and C. W. Park. 2006. The informativeness of earnings and management`s issuance of earnings forecasts. Journal of Accounting and Economics 42 (3):439-458.
    Lennox, C. S., J. J. Schmidt, and A. Thompson. 2017. Is the expanded model of audit reporting informative to investors? Evidence from the UK. Working paper, University of Southern California
    Leuz, C., and R. E. Verrecchia. 2000. The economic consequences of increased disclosure. Journal of Accounting Research 38 (3):91-124.
    Li, F. 2008. Annual report readability, current earnings, and earnings persistence. Journal of Accounting and Economics 45 (2):221-247.
    Milgrom, P. R. 1981. Good news and bad news: Representation theorems and applications. The Bell Journal of Economics:380-391.
    Miller, B. P. 2010. The effects of reporting complexity on small and large investor trading. The Accounting Review 85 (6):2107-2143.
    Minutti-Meza, M., E. Gutierrez, K. Tatum, and M. Vulcheva. 2015. Consequences of changing the auditor’s report: Early evidence from the UK. Paper read at Singapur Management University Seminar Series.
    Nekrasov, A., and P. K. Shroff. 2009. Fundamentals-based risk measurement in valuation. The Accounting Review 84 (6):1983-2011.
    Reid, L. C., J. V. Carcello, C. Li, and T. L. Neal. 2016. Impact of auditor and audit committee report changes on audit quality and costs: Evidence from the United Kingdom.
    Setayesh, M. H., and M. Kazemnezhad. 2010. Disclosure in accounting. Accountant Quarterly 8 (227): 66–99.
    Smith, K. W. 2016. Tell Me More: A Content Analysis of Expanded Auditor Reporting in the United Kingdom.Working Paper, Virginia Polytechnic Institute and State University.
    Turner, J. L., T. J. Mock, P. J. Coram, and G. L. Gray. 2010. Improving transparency and relevance of auditor communications with financial statement users. Current issues in auditing 4 (1):A1-A8.
    Vanstraelen, A., C. Schelleman, R. Meuwissen, and I. Hofmann. 2012. The audit reporting debate: Seemingly intractable problems and feasible solutions. European Accounting Review 21 (2):193-215.
    Verrecchia, R. E. 1990. Information quality and discretionary disclosure. Journal of Accounting and Economics 12 (4):365-380.
    Watts, R. L., and J. L. Zimmerman. 1990. Positive accounting theory: a ten year perspective. Accounting review:131-156.
    You, H., and X.-j. Zhang. 2009. Financial reporting complexity and investor underreaction to 10-K information. Review of Accounting Studies 14 (4):559-586.
    Description: 碩士
    國立政治大學
    會計學系
    105353023
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0105353023
    Data Type: thesis
    DOI: 10.6814/THE.NCCU.ACCT.002.2019.F07
    Appears in Collections:[Department of Accounting] Theses

    Files in This Item:

    File Description SizeFormat
    302301.pdf1258KbAdobe PDF20View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback