Using the sample of A-share listed companies in Shanghai and Shenzhen Stock Exchanges from 2009 to 2021,this study,based on the Confucian culture,examines the association between social auditing and financial restatements of client listed companies and finds a significant negative correlation between them,which indicates that the Confucian culture in social auditing could inhibit the financial restatement behavior of listed companies and supervise and govern the quality of financial reports of the audited companies.Further mechanism tests show that the Confucian culture in social auditing together with auditing quality can form a regulatory mechanism to inhibit financial restatement of listed companies.This study also finds the asymmetrical supervision and governance effect of the Confucian culture in social auditing,that is,the upgrading of Confucian culture in social auditing,caused by social auditing units changing,plays a more significant role in suppressing financial restatement.Overall,this article introduces Confucian culture into the research and analysis framework of the supervision and governance effects of social auditing,which can provide reference for shaping the audit culture of the new era and improving the quality of social auditing.
关键词
社会审计/儒家文化/财务重述
Key words
social auditing/Confucian culture/financial restatement
维普
万方数据