文章基本信息

标题：Auditor switching, earnings manipulation and auditor independence: Evidence from A-share listed companies in China
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作者：Wei Liu ; Xing Liu
期刊名称：Frontiers of Business Research in China
印刷版ISSN：1673-7326
电子版ISSN：1673-7431
出版年度：2008
卷号：2
期号：2
页码：283-302
DOI：10.1007/s11782-008-0017-4
出版社：Higher Education Press, co-published with Springer-Verlag GmbH
摘要：Based on data from Chinese A-share listed companies between 1999 and 2004, this paper examines the causes of auditor switching and its effects on the independence of successive auditors from the perspective of earnings manipulation. Results show that: (1) listed companies manipulate their earnings through replacing their auditor and the successive auditor fails to exercise necessary prudence; (2) for companies reporting profit in the year of auditor change, the formerly low discretionary accruals usually increase significantly after the switch mostly resulting from assets devaluation and adjustments to non-recurring items; (3) In contrast, for companies reporting losses in the year of auditor change, they take a “big bath” to adjust lower earnings of the same year. These findings indicate that auditor change is related to the conservatism of predecessor auditors and it damages the independence of successive auditors.
关键词：auditor switching; earnings manipulation; auditor independence; discretionary accruals
其他关键词：审计师变更，盈余操纵，审计师独立性，操控性应计利润