Does Managerial Myopia Affect Auditor Fees?——Empirical evidence from the listed companies
Under the guidance of sustainable development strategy,it is worth paying attention to how managerial myopia affects audit fees.It is found that the higher the level of managerial myopia,the higher the audit fees.Operating risk,internal control risks and earnings management play a mediating role in the impact of managerial myopia on audit fees.Further research shows that when the power distance is larger,managerial myopia has a more significant impact on audit fees,while the higher shareholding ratio of supervisory institutional investors can inhibit the positive relationship between managerial myopia and audit fees.The extended analysis finds that the higher the managerial myopia,the more the number of key audit matters disclosed in the audit report and the higher the probability of high-reputation accounting firms issuing non-standard audit opinions.This study extends the influence of managerial myopia to the field of auditing.It provide reference for the appointment of corporate executives and the optimization of risk assessment procedures by accounting firms.
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