The Impact of Artificial Intelligence Application on Audit Input and Audit Cost of Auditees
Based on a sample of Shanghai and Shenzhen A-share listed companies in China from 2011-2021,this paper empirically examines the economic consequences of AI and micro-enterprise convergence from the perspective of external auditors'input and pricing decisions.The study shows that the application of AI by auditees would increase auditors'audit input and audit costs.The mechanism test indicates that the application of AI by auditees would significantly increase the companies'business risks,which would consequently increase the business risks faced by auditors,leading to the above decision-making behavior of auditors.The cross-sectional test shows that auditors mainly increase audit input and audit costs for non-high-tech companies applying AI.In addition,higher industry expertise can reduce the auditor's high-input and high-fee decision-making behavior caused by AI applications.The findings enrich the research on AI and auditor input and pricing decision-making behavior at the micro level,and have important implications for better understanding the integration of AI and entity enterprises.
NETL
NSTL
万方数据
