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題名 會計師情緒會影響審計品質嗎？
Does Auditor Emotion Affect Audit Quality?作者 陳品如
Chen, Pin-Ju貢獻者 俞洪昭
Yu, Hung-Chao
陳品如
Chen, Pin-Ju關鍵詞 審計品質
情緒
極端天氣
內部控制審計
財務報表審計
Audit quality
Emotion
Extreme weather
Internal control audit
Financial statement audit日期 2022 上傳時間 1-Jul-2022 16:02:22 (UTC+8) 摘要 本研究使用極端天氣事件來衡量會計師情緒，檢測會計師心情是否會對其內部控制審計及財務報表審計之品質有所影響。透過使用2005-2019年美國上市公司的24,749個觀察值進行迴歸分析，本研究發現當出具查核報告日的反應期間遭受到極端天氣的侵襲時，會激發會計師悲憫的情緒，而導致報導內部控制缺失的可能性降低，且受查公司之財務報表後續發生重編的機率及裁決性應計數均增加。這些實證結果在控制內生性之後仍然存在，代表會計師情緒會影響審計品質，支持同情心理論。本研究進一步測試發現，當極端天氣造成的災害嚴重程度越高、受災地區為美國前 20 大城市及會計師處在審計市場競爭度較高的環境時，其審計品質下降的現象會越加明顯；然而當受查公司的訴訟風險或財報舞弊風險較高時，則會因為會計師風險意識的提高，而提高其審計品質。本研究亦發現，隨著反應窗期的增加，會計師悲憫的情緒會趨於平緩，導致低審計品質的現象有逐漸下降的趨勢，此現象與「同情心崩堤」效應一致。
This study examines whether auditors` emotion affects their audit quality in auditing firms` internal control and financial statements. Using extreme weather events to capture auditors` emotion and a sample of 24,749 observations of US listed firms during 2005-2019, I find that sympathy induced by extreme weather during the period preceding the issuance of audit reports leads to a lower likelihood of reporting internal control weaknesses, higher likelihood of restatements, and higher level of discretionary accruals. These results are robust to controlling for endogeneity and indicate that auditors` emotion negatively affects their audit quality, consistent with the sympathy theory. I further find that the negative association between extreme weather and audit quality is strengthened when auditors experience more severe natural disasters, located in the top 20 US cities, and face higher audit market competition. However, the negative relation is attenuated when client firms have higher litigation risk and fraud risk, potentially because auditors` perceived audit risk increases. Finally, the negative effect of auditor emotion on audit quality appears to decrease with the length of reaction period windows of extreme weather, suggesting that sympathy emotion abates over longer reaction period. This finding is consistent with the “collapse of compassion” effect.參考文獻 Albrecht, A., Mauldin, E. G., and Newton, N. J. 2018. Do auditors recognize the potential dark side of executives` accounting competence? The Accounting Review 93 (6): 1-28.Altman, E. I. 1968. Financial ratios, discriminant analysis and the prediction of corporate bankruptcy. The Journal of Finance 23 (4): 589-609.Andrade, E. B., Odean, T., and Lin, S. 2016. Bubbling with excitement: an experiment. Review of Finance 20 (2): 447-466.Andrews, T. M., and Smirnov, O. 2020. Who feels the impacts of climate change? 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國立政治大學
會計學系
102353502資料來源 http://thesis.lib.nccu.edu.tw/record/#G0102353502 資料類型 thesis dc.contributor.advisor 俞洪昭 zh_TW dc.contributor.advisor Yu, Hung-Chao en_US dc.contributor.author (Authors) 陳品如 zh_TW dc.contributor.author (Authors) Chen, Pin-Ju en_US dc.creator (作者) 陳品如 zh_TW dc.creator (作者) Chen, Pin-Ju en_US dc.date (日期) 2022 en_US dc.date.accessioned 1-Jul-2022 16:02:22 (UTC+8) - dc.date.available 1-Jul-2022 16:02:22 (UTC+8) - dc.date.issued (上傳時間) 1-Jul-2022 16:02:22 (UTC+8) - dc.identifier (Other Identifiers) G0102353502 en_US dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/140566 - dc.description (描述) 博士 zh_TW dc.description (描述) 國立政治大學 zh_TW dc.description (描述) 會計學系 zh_TW dc.description (描述) 102353502 zh_TW dc.description.abstract (摘要) 本研究使用極端天氣事件來衡量會計師情緒，檢測會計師心情是否會對其內部控制審計及財務報表審計之品質有所影響。透過使用2005-2019年美國上市公司的24,749個觀察值進行迴歸分析，本研究發現當出具查核報告日的反應期間遭受到極端天氣的侵襲時，會激發會計師悲憫的情緒，而導致報導內部控制缺失的可能性降低，且受查公司之財務報表後續發生重編的機率及裁決性應計數均增加。這些實證結果在控制內生性之後仍然存在，代表會計師情緒會影響審計品質，支持同情心理論。本研究進一步測試發現，當極端天氣造成的災害嚴重程度越高、受災地區為美國前 20 大城市及會計師處在審計市場競爭度較高的環境時，其審計品質下降的現象會越加明顯；然而當受查公司的訴訟風險或財報舞弊風險較高時，則會因為會計師風險意識的提高，而提高其審計品質。本研究亦發現，隨著反應窗期的增加，會計師悲憫的情緒會趨於平緩，導致低審計品質的現象有逐漸下降的趨勢，此現象與「同情心崩堤」效應一致。 zh_TW dc.description.abstract (摘要) This study examines whether auditors` emotion affects their audit quality in auditing firms` internal control and financial statements. Using extreme weather events to capture auditors` emotion and a sample of 24,749 observations of US listed firms during 2005-2019, I find that sympathy induced by extreme weather during the period preceding the issuance of audit reports leads to a lower likelihood of reporting internal control weaknesses, higher likelihood of restatements, and higher level of discretionary accruals. These results are robust to controlling for endogeneity and indicate that auditors` emotion negatively affects their audit quality, consistent with the sympathy theory. I further find that the negative association between extreme weather and audit quality is strengthened when auditors experience more severe natural disasters, located in the top 20 US cities, and face higher audit market competition. However, the negative relation is attenuated when client firms have higher litigation risk and fraud risk, potentially because auditors` perceived audit risk increases. Finally, the negative effect of auditor emotion on audit quality appears to decrease with the length of reaction period windows of extreme weather, suggesting that sympathy emotion abates over longer reaction period. This finding is consistent with the “collapse of compassion” effect. en_US dc.description.tableofcontents 摘要 i1. 緒論 12. 文獻回顧與假說 62.1 審計品質之文獻 62.2 情緒、天氣、與決策之關係 82.3 假說建立 103. 研究設計與樣本 123.1 極端天氣之變數衡量 123.2 樣本選取與資料來源 123.3 模型建立 134. 實證結果 164.1 敘述性統計 164.2 相關係數分析 174.3 迴歸結果分析 184.4 額外分析 214.5 敏感性測試 275. 結論 30參考文獻 31附錄A 變數定義表 40 zh_TW dc.format.extent 3584166 bytes - dc.format.mimetype application/pdf - dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0102353502 en_US dc.subject (關鍵詞) 審計品質 zh_TW dc.subject (關鍵詞) 情緒 zh_TW dc.subject (關鍵詞) 極端天氣 zh_TW dc.subject (關鍵詞) 內部控制審計 zh_TW dc.subject (關鍵詞) 財務報表審計 zh_TW dc.subject (關鍵詞) Audit quality en_US dc.subject (關鍵詞) Emotion en_US dc.subject (關鍵詞) Extreme weather en_US dc.subject (關鍵詞) Internal control audit en_US dc.subject (關鍵詞) Financial statement audit en_US dc.title (題名) 會計師情緒會影響審計品質嗎？ zh_TW dc.title (題名) Does Auditor Emotion Affect Audit Quality? en_US dc.type (資料類型) thesis en_US dc.relation.reference (參考文獻) Albrecht, A., Mauldin, E. 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