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題名 外國企業在台第一上市櫃(KY)公司審計品質與KY公司查核專家、當地知識之研究
Audit Quality of Foreign Initial Listed Firms (KY Companies), KY Specialist Audit Firm and Operating Local Knowledge作者 黃薏芯
Huang, I-Hsin貢獻者 周玲臺
黃薏芯
Huang, I-Hsin關鍵詞 外國企業在台第一上市櫃(KY)公司
審計品質
KY公司查核專家
主要營運地
當地知識
KY companies
Audit quality
KY specialists
Main operating region
Local knowledge日期 2022 上傳時間 1-Aug-2022 17:08:20 (UTC+8) 摘要 本研究首先探討KY公司與非KY公司間審計品質之差異，接著進一步檢視KY公司查核專家以及主要營運地區在中國對KY公司審計品質之影響。本文以2010年至2020年台灣所有之上市櫃公司為樣本，實證結果顯示KY公司之審計品質整體會較其他非KY公司差。以2010年至2020年之上市櫃KY公司為樣本，顯示當KY公司由KY公司專家事務所查核時，其審計品質較差； 當主要營運地區位於中國時，審計品質也較差。推測可能由於台灣審計公費競爭激烈且較他國為低，KY公司查核專家礙於成本考量，無法聘用中國當地聯盟所協助提供必要之當地知識，以補償該地較弱之市場規範，而導致審計品質降低。
This research first investigates whether the audit quality of foreign initial listed firms (KY companies) is different from that of the non-KY companies. We further examine if KY company audit specialists and major operating region in China affect the audit quality of KY companies. This study uses the listed companies in Taiwan from 2010 to 2020 as a sample. The empirical results show that the audit quality of KY companies is lower than that of other non-KY companies. Taking KY companies from 2010 to 2020 as a sample, we find that when KY companies are audited by a KY company specialist firm, or when their main operating region is located in China, the audit quality is also lower. Chan, et al. (2021) concluded that audit affiliates’ local knowledge may compensate for a weaker regulatory oversight and reduce audit quality difference of foreign companies. We suspect that KY company auditors, constrained by Taiwan`s low audit fees, could not afford hiring Chinese affiliate firms to provide essential local knowledge for improving audit quality.參考文獻 王銘杰，2019，台灣證券市場第一上市股票價格形成之探討，證券市場發展季刊，第31卷：39-65。周玲臺、邱薏蓉與邱献良，2020，PCAOB國際檢查對會計師及事務所審計品質外溢效果之影響，會計評論，第71期：83-131。施文玲，2020，證交所推動KY股上市之挑戰及因應策略，證券服務，第677期：11-15。葛俊佑與蔡岳霖，2019，海外來台第一上市櫃企業公司治理與股利政策之關聯，當代會計，第20卷：265-295。Asthana, S. C., Raman, K., and Xu, H. 2015. US-listed foreign companies` choice of a US-based versus home country-based Big N principal auditor and the effect on audit fees and earnings quality. Accounting Horizons 29(3): 631-666.Balsam, S., Krishnan, J., and Yang, J. S. 2003. Auditor industry specialization and earnings quality. Auditing: a Journal of Practice & theory 22(2): 71-97.Becker, C. L., Defond, M. L., Jiambalvo, J., and Subramanyam, K. R. 1998. The effect of audit quality on earnings management. Contemporary Accounting Research 15(1): 1-24.Chan, K. H., Guo, Y. W., and Mo, P. L. L. 2021. Can auditors` local knowledge compensate for a weaker regulatory oversight for the audit quality of foreign companies? Accounting and Business Research 51(2): 127-155.Chen, L. 2016. Local Institutions, audit quality, and corporate scandals of US-listed foreign firms. Journal of Business Ethics 133(2): 351-373.Chi, H.-Y., and Chin, C.-L. 2011. Firm versus partner measures of auditor industry expertise and effects on auditor quality. Auditing: a Journal of Practice & theory 30(2): 201-229.Chi, W., and Huang, H. 2005. Discretionary accruals, audit-firm tenure and audit-partner tenure: Empirical evidence from Taiwan. Journal of Contemporary Accounting & Economics 1(1): 65-92.Chin, C. L., and Chi, H. Y. 2009. Reducing restatements with increased industry expertise. Contemporary Accounting Research 26(3): 729.Choi, J. H., Kim, J. B., Qiu, A. A., and Zang, Y. 2012. Geographic proximity between auditor and client: How does it impact audit quality? Auditing: a Journal of Practice & theory 31(2): 43-72.Craswell, A. T., Francis, J. R., and Taylor, S. L. 1995. Auditor brand name reputations and industry specializations. Journal of Accounting & Economics 20(3): 297-322.DeAngelo, L. E. 1981. Auditor size and audit quality. Journal of Accounting and Economics 3(3): 183-199.Dechow, P. M., Sloan, R. G., and Sweeney, A. P. 1995. Detecting earnings management. The Accounting Review: 193-225.DeFond, M., and Zhang, J. Y. (2014). A review of archival auditing research. Journal of Accounting & Economics 58(2-3): 275-326.DeFond, M. L., and Jiambalvo, J. 1994. Debt covenant violation and manipulation of accruals. Journal of Accounting & Economics 17(1-2): 145-176.Francis, J. R., Maydew, E. L., and Sparks, H. C. 1999. The role of Big 6 auditors in the credible reporting of accruals. Auditing: a Journal of Practice & theory 18(2): 17-34.Frankel, R. M., Johnson, M. F., and Nelson, K. K. 2002. The relation between auditors` fees for nonaudit services and earnings management. The Accounting Review 77(s-1): 71-105.Fung, S. Y. K., Raman, K., and Zhu, X. K. 2017. Does the PCAOB international inspection program improve audit quality for non-US-listed foreign clients? Journal of Accounting and Economics 64(1): 15-36.Garcia-Blandon, J., Argiles-Bosch, J. M., and Ravenda, D. 2020. Learning by Doing? Partners Audit Experience and the Quality of Audit Services. Revista De Contabilidad-Spanish Accounting Review 23(2): 197-209.Gaver, J. J., and Utke, S. 2019. Audit quality and specialist tenure. The Accounting Review 94(3): 113-147.Ghosh, A., and Moon, D. 2005. Auditor tenure and perceptions of audit quality. The Accounting Review 80(2): 585-612.Gunn, & Michas. 2018. Auditor multinational expertise and audit quality. The Accounting Review 93(4): 203-224.He, Y., Li, B., Liu, Z., and Pittman, J. 2021. Does the threat of a PCAOB inspection mitigate US institutional investors` home bias? Contemporary Accounting Research.Jones, J. J. 1991. Earnings management during import relief investigations. Journal of Accounting Research 29(2): 193-228.Kothari, S. P., Leone, A. J., and Wasley, C. E. 2005. Performance matched discretionary accrual measures. Journal of Accounting & Economics 39(1): 163-197.Krishnan, G. V. 2003. Does Big 6 auditor industry expertise constrain earnings management? Accounting Horizons 17: 1-16.Krishnan, J., Krishnan, J., & Song, H. 2017. PCAOB international inspections and audit quality. The Accounting Rreview 92(5): 143-166.Lamoreaux, P. T. 2016. Does PCAOB inspection access improve audit quality? An examination of foreign firms listed in the United States. Journal of Accounting and Economics 61(2-3): 313-337.Liu, L. L., Xie, X. M., Chang, Y. S., & Forgione, D. A. 2017. New clients, audit quality, and audit partner industry expertise: Evidence from Taiwan. International Journal of Auditing 21(3): 288-303.Myers, J. N., Myers, L. A., & Omer, T. C. 2003. Exploring the term of the auditor‐client relationship and the quality of earnings: A case for mandatory auditor rotation? The Accounting Rreview 78(3): 779-799.Reichelt, K. J., & Wang, D. C. 2010. National and office-specific measures of auditor industry expertise and effects on audit quality. Journal of Accounting Research 48(3): 647-686.Srinivasan, S., Wahid, A. S., & Yu, G. 2015. Admitting mistakes: Home country effect on the reliability of restatement reporting. The Accounting Rreview 90(3): 1201-1240.Watts, R. L., & Zimmerman, J. L. 1986. Positive accounting theory. 描述 碩士
國立政治大學
會計學系
109353030資料來源 http://thesis.lib.nccu.edu.tw/record/#G0109353030 資料類型 thesis dc.contributor.advisor 周玲臺 zh_TW dc.contributor.author (Authors) 黃薏芯 zh_TW dc.contributor.author (Authors) Huang, I-Hsin en_US dc.creator (作者) 黃薏芯 zh_TW dc.creator (作者) Huang, I-Hsin en_US dc.date (日期) 2022 en_US dc.date.accessioned 1-Aug-2022 17:08:20 (UTC+8) - dc.date.available 1-Aug-2022 17:08:20 (UTC+8) - dc.date.issued (上傳時間) 1-Aug-2022 17:08:20 (UTC+8) - dc.identifier (Other Identifiers) G0109353030 en_US dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/140988 - dc.description (描述) 碩士 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) 109353030 zh_TW dc.description.abstract (摘要) 本研究首先探討KY公司與非KY公司間審計品質之差異，接著進一步檢視KY公司查核專家以及主要營運地區在中國對KY公司審計品質之影響。本文以2010年至2020年台灣所有之上市櫃公司為樣本，實證結果顯示KY公司之審計品質整體會較其他非KY公司差。以2010年至2020年之上市櫃KY公司為樣本，顯示當KY公司由KY公司專家事務所查核時，其審計品質較差； 當主要營運地區位於中國時，審計品質也較差。推測可能由於台灣審計公費競爭激烈且較他國為低，KY公司查核專家礙於成本考量，無法聘用中國當地聯盟所協助提供必要之當地知識，以補償該地較弱之市場規範，而導致審計品質降低。 zh_TW dc.description.abstract (摘要) This research first investigates whether the audit quality of foreign initial listed firms (KY companies) is different from that of the non-KY companies. We further examine if KY company audit specialists and major operating region in China affect the audit quality of KY companies. This study uses the listed companies in Taiwan from 2010 to 2020 as a sample. The empirical results show that the audit quality of KY companies is lower than that of other non-KY companies. Taking KY companies from 2010 to 2020 as a sample, we find that when KY companies are audited by a KY company specialist firm, or when their main operating region is located in China, the audit quality is also lower. Chan, et al. (2021) concluded that audit affiliates’ local knowledge may compensate for a weaker regulatory oversight and reduce audit quality difference of foreign companies. We suspect that KY company auditors, constrained by Taiwan`s low audit fees, could not afford hiring Chinese affiliate firms to provide essential local knowledge for improving audit quality. en_US dc.description.tableofcontents 壹、 緒論 1一、 研究動機與目的 1二、 研究架構 3貳、 文獻回顧與研究假說 4一、 審計品質 4二、 審計品質與當地知識 5三、 KY公司 9四、 審計品質與產業專家 12參、 研究方法 15一、 模型建立與變數定義 15二、 樣本選取與資料來源 22肆、 實證結果 30一、 敘述性統計 30二、 相關係數 33三、 實證結果 36四、 敏感性測試 40伍、 結論與建議 45一、 研究結論 45二、 研究限制與建議 47陸、 參考文獻 48 zh_TW dc.format.extent 2019805 bytes - dc.format.mimetype application/pdf - dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0109353030 en_US dc.subject (關鍵詞) 外國企業在台第一上市櫃(KY)公司 zh_TW dc.subject (關鍵詞) 審計品質 zh_TW dc.subject (關鍵詞) KY公司查核專家 zh_TW dc.subject (關鍵詞) 主要營運地 zh_TW dc.subject (關鍵詞) 當地知識 zh_TW dc.subject (關鍵詞) KY companies en_US dc.subject (關鍵詞) Audit quality en_US dc.subject (關鍵詞) KY specialists en_US dc.subject (關鍵詞) Main operating region en_US dc.subject (關鍵詞) Local knowledge en_US dc.title (題名) 外國企業在台第一上市櫃(KY)公司審計品質與KY公司查核專家、當地知識之研究 zh_TW dc.title (題名) Audit Quality of Foreign Initial Listed Firms (KY Companies), KY Specialist Audit Firm and Operating Local Knowledge en_US dc.type (資料類型) thesis en_US dc.relation.reference (參考文獻) 王銘杰，2019，台灣證券市場第一上市股票價格形成之探討，證券市場發展季刊，第31卷：39-65。周玲臺、邱薏蓉與邱献良，2020，PCAOB國際檢查對會計師及事務所審計品質外溢效果之影響，會計評論，第71期：83-131。施文玲，2020，證交所推動KY股上市之挑戰及因應策略，證券服務，第677期：11-15。葛俊佑與蔡岳霖，2019，海外來台第一上市櫃企業公司治理與股利政策之關聯，當代會計，第20卷：265-295。Asthana, S. C., Raman, K., and Xu, H. 2015. US-listed foreign companies` choice of a US-based versus home country-based Big N principal auditor and the effect on audit fees and earnings quality. Accounting Horizons 29(3): 631-666.Balsam, S., Krishnan, J., and Yang, J. S. 2003. Auditor industry specialization and earnings quality. Auditing: a Journal of Practice & theory 22(2): 71-97.Becker, C. L., Defond, M. L., Jiambalvo, J., and Subramanyam, K. R. 1998. The effect of audit quality on earnings management. Contemporary Accounting Research 15(1): 1-24.Chan, K. H., Guo, Y. W., and Mo, P. L. L. 2021. Can auditors` local knowledge compensate for a weaker regulatory oversight for the audit quality of foreign companies? Accounting and Business Research 51(2): 127-155.Chen, L. 2016. Local Institutions, audit quality, and corporate scandals of US-listed foreign firms. Journal of Business Ethics 133(2): 351-373.Chi, H.-Y., and Chin, C.-L. 2011. Firm versus partner measures of auditor industry expertise and effects on auditor quality. Auditing: a Journal of Practice & theory 30(2): 201-229.Chi, W., and Huang, H. 2005. Discretionary accruals, audit-firm tenure and audit-partner tenure: Empirical evidence from Taiwan. Journal of Contemporary Accounting & Economics 1(1): 65-92.Chin, C. L., and Chi, H. Y. 2009. Reducing restatements with increased industry expertise. Contemporary Accounting Research 26(3): 729.Choi, J. H., Kim, J. B., Qiu, A. A., and Zang, Y. 2012. Geographic proximity between auditor and client: How does it impact audit quality? Auditing: a Journal of Practice & theory 31(2): 43-72.Craswell, A. T., Francis, J. R., and Taylor, S. L. 1995. Auditor brand name reputations and industry specializations. Journal of Accounting & Economics 20(3): 297-322.DeAngelo, L. E. 1981. Auditor size and audit quality. Journal of Accounting and Economics 3(3): 183-199.Dechow, P. M., Sloan, R. G., and Sweeney, A. P. 1995. Detecting earnings management. The Accounting Review: 193-225.DeFond, M., and Zhang, J. Y. (2014). A review of archival auditing research. Journal of Accounting & Economics 58(2-3): 275-326.DeFond, M. L., and Jiambalvo, J. 1994. Debt covenant violation and manipulation of accruals. Journal of Accounting & Economics 17(1-2): 145-176.Francis, J. R., Maydew, E. L., and Sparks, H. C. 1999. The role of Big 6 auditors in the credible reporting of accruals. Auditing: a Journal of Practice & theory 18(2): 17-34.Frankel, R. M., Johnson, M. F., and Nelson, K. K. 2002. The relation between auditors` fees for nonaudit services and earnings management. The Accounting Review 77(s-1): 71-105.Fung, S. Y. K., Raman, K., and Zhu, X. K. 2017. Does the PCAOB international inspection program improve audit quality for non-US-listed foreign clients? Journal of Accounting and Economics 64(1): 15-36.Garcia-Blandon, J., Argiles-Bosch, J. M., and Ravenda, D. 2020. Learning by Doing? Partners Audit Experience and the Quality of Audit Services. Revista De Contabilidad-Spanish Accounting Review 23(2): 197-209.Gaver, J. J., and Utke, S. 2019. Audit quality and specialist tenure. The Accounting Review 94(3): 113-147.Ghosh, A., and Moon, D. 2005. Auditor tenure and perceptions of audit quality. The Accounting Review 80(2): 585-612.Gunn, & Michas. 2018. Auditor multinational expertise and audit quality. The Accounting Review 93(4): 203-224.He, Y., Li, B., Liu, Z., and Pittman, J. 2021. Does the threat of a PCAOB inspection mitigate US institutional investors` home bias? Contemporary Accounting Research.Jones, J. J. 1991. Earnings management during import relief investigations. Journal of Accounting Research 29(2): 193-228.Kothari, S. P., Leone, A. J., and Wasley, C. E. 2005. Performance matched discretionary accrual measures. Journal of Accounting & Economics 39(1): 163-197.Krishnan, G. V. 2003. Does Big 6 auditor industry expertise constrain earnings management? Accounting Horizons 17: 1-16.Krishnan, J., Krishnan, J., & Song, H. 2017. PCAOB international inspections and audit quality. The Accounting Rreview 92(5): 143-166.Lamoreaux, P. T. 2016. Does PCAOB inspection access improve audit quality? An examination of foreign firms listed in the United States. Journal of Accounting and Economics 61(2-3): 313-337.Liu, L. L., Xie, X. M., Chang, Y. S., & Forgione, D. A. 2017. New clients, audit quality, and audit partner industry expertise: Evidence from Taiwan. International Journal of Auditing 21(3): 288-303.Myers, J. N., Myers, L. A., & Omer, T. C. 2003. Exploring the term of the auditor‐client relationship and the quality of earnings: A case for mandatory auditor rotation? The Accounting Rreview 78(3): 779-799.Reichelt, K. J., & Wang, D. C. 2010. National and office-specific measures of auditor industry expertise and effects on audit quality. Journal of Accounting Research 48(3): 647-686.Srinivasan, S., Wahid, A. S., & Yu, G. 2015. Admitting mistakes: Home country effect on the reliability of restatement reporting. The Accounting Rreview 90(3): 1201-1240.Watts, R. L., & Zimmerman, J. L. 1986. Positive accounting theory. zh_TW dc.identifier.doi (DOI) 10.6814/NCCU202200986 en_US
