【摘要】 基于欧美资本市场的最近研究发现,随着公允价值计量(FVM)层次的降低,第一、二、三层次的审计收费随之提高。与此不同,本文基于我国上市银行经验数据研究发现,FVM对审计收费的正向影响仅存在第二层次,第三层次反而降低了审计收费,第一层次与FVM总体均没有显著影响。利用2010年商业银行FVM估值信息披露监管政策变化,发现更为充分的信息披露是第三层次FVM审计收费降低的重要原因。并且,良好地区法制环境会加大审计师诉讼风险,提高第二、三层次FVM审计收费;而高质量内部控制有助于降低第二、三层次FVM审计收费,产生替代监督作用。最后,利用FVM关键审计事项披露作为高审计成本、低风险溢价的表征,研究表明第二层次FVM更高审计收费主要源于风险溢价,有损审计质量;而降低第三层次FVM审计收费并未损害审计质量。研究拓展公允价值准则实施的经济后果与审计收费影响因素文献,对准则完善与审计定价具有借鉴价值。更多还原

【Abstract】 Empirical evidence from western capital markets shows that audit fees increase by the lower of fair value measurement(FVM)hierarchy.In contrast,based on empirical data from China’s listed banks,this paper does not find the significant effect of FVM and Level 1 FVM on audit fees.However,we find that level 2 FVM increases audit fees,while level 3 FVM reduces audit fess.Using the change of regulatory policy in the information disclosure on fair value estimates of commercial banks in 2010,we find that more full disclosure of the information is the important reason for lower audit fees of level 3 FVM.Moreover,level 2 and level 3 FVM lead to higher audit fees for banks located in the stronger legal environment,and to lower audit fees for banks with a higher quality of internal control.Finally,using critical audit matters of FVM as a proxy for higher audit cost and lower audit risk,the results suggest that higher audit fees for level 2 FVM are largely due to risk compensation,which reduces audit quality.Meanwhile,charging lower audit fees to level 3 FVM does not affect audit quality.This paper enriches the literature on the economic consequences of carrying out the fair value accounting standard and on the impacts of audit fees and has implications for how to improve China’s accounting standards and audit pricing.更多还原