光华讲坛

主 题：Internal Control Quality: The Role of Critical Audit Matters Reporting（关键审计事项报告对内部控制质量的影响）

主讲人：科罗拉多大学丹佛分校 张婧

主持人：威尼斯wns888app下载|中国有限公司 陈竹

时 间：2023年6月2日 上午10：30-12：00

地 点：柳林校区诚正楼841会议室

主 办：威尼斯wns888app下载 科研处

主讲人简介：

张婧于 2019 年加入 科罗拉多大学丹佛分校，担任会计学助理教授。她在麦吉尔大学获得会计学博士学位，在伊利诺伊理工学院获得金融学硕士学位。她的研究兴趣包括盈余管理、公司治理、审计质量以及资本市场投资者如何使用会计信息。她曾在The Accounting Review; Review of Accounting Studies; Accounting, Organization and Society; Journal of International Business Studies; Auditing: A Journal of Practice and Theory; Journal of Accounting Auditing and Finance; Journal of Accounting and Public Policy; The International Journal of Accounting发表文章。

摘要: We examine whether critical audit matter (CAM) reporting in audit reports improves issuers’ internal controls over financial reporting. We propose that increased scrutiny by auditors on CAM-related matters leads to early identification and remediation of material weaknesses in internal control (ICMW). Analyses show that compared to control companies, companies with CAM reporting experience a statistically significant decrease in both the likelihood of having an ICMW and the number of ICMWs. This result is driven primarily by account-level ICMWs rather than entity-level ICMWs. We find that issuers with disclosure of revenue-recognition CAMs have significantly fewer revenue-related ICMWs, suggesting that ICMWs related to revenue recognition are identified and remediated through the CAM evaluation process. In addition to improving internal control quality, we also find that CAM reporting significantly lowers the likelihood of having accounting misstatements. Overall, our evidence suggests that by focusing auditor attention on areas of potential concern, CAM reporting leads to improvements in internal control quality. Our findings have important policy implications as they show that CAM reporting improves financial reporting quality by affecting auditor and management behavior.

中文摘要：我们检验了审计报告中关键审计事项（CAM）报告是否提高发行人对财务报告的内部控制。我们提出，审计师对CAM相关事项的审慎有助于内部控制的重大缺陷（ICMW）的早期识别和整改。与对照公司相比，出具CAM报告的公司，在ICMW的可能性以及ICMW数量方面均在统计学上显著下降，且这一结果主要是由账户层面的ICMW而非实体层面的ICMW驱动的。我们还发现，披露收入确认CAM的发行人，收入相关ICMW明显减少，这表明通过CAM评估过程可以识别和整改与收入确认相关的ICMW。除了提高内部控制质量，我们还发现CAM报告显著降低了会计报表错报的可能性。总体而言，我们的证据表明CAM 报告提高了审计师在潜在问题领域的关注，从而进一步提高了内部控制质量。我们的研究结果具有重要的政策意义，因为它们表明CAM报告通过影响审计师和管理层行为提高了财务报告质量。