【摘要】 现有文献对分行业信息披露监管如何影响上市公司审计决策关注较少，本文利用分批次发布行业信息披露指引这一准自然实验，构建双重差分模型，从审计定价角度探究审计师对分行业信息披露监管的反应。研究发现：行业信息披露指引的发布显著提高了样本公司的审计费用，同时，机制检验表明，该监管政策增加了审计师的审计风险和审计投入，为“分行业信息披露监管→增加监管风险→提高审计定价”的作用路径提供了有力证据。进一步研究发现，企业的内部控制质量、产权性质、所处的制度环境及分析师关注在分行业信息披露监管对审计师的溢出效应中发挥了调节作用。更多还原

【Abstract】 The existing literature has paid limited attention to how the information disclosure regulation by industries affects the auditor decision. This paper takes the establishment of Industry Information Disclosure Guidelines as a natural experiment and uses the staggered difference-in-differences analysis to examine the impact of the industry-based regulation on audit fees. The results show that the implementation of such guidelines on information disclosure increases listed firms’ audit fees, and the influence mechanism test shows that this regulatory policy mainly increase audit cost by increasing audit risk as well as audit effort. Therefore, it’s worth noting that such impact is mainly attributed to spillover effects of regulation. Further analysis shows that internal control, property rights, analyst coverage and legal environment play moderating roles in the spillover effect of the industry-based regulation on audit fees.更多还原