摘要
不同评级机构出具的不同评级结果是否会使审计师感到困惑,影响审计师的审计收费决策?为此,本文以2011-2022年沪深A股上市公司为研究样本,考察ESG评级分歧是否会影响审计费用.研究发现,ESG评级机构对同一上市公司的ESG评级分歧越大,审计师下一年会收取越高的审计费用.机制检验发现,经营风险和信息风险是ESG评级分歧影响审计费用的重要机制.异质性检验发现,在地区法治环境好、非重污染行业以及媒体关注低的样本中,ESG评级分歧与审计费用之间的正相关关系更加显著.相较于环境和社会维度,治理维度的评级分歧对审计费用的影响更显著.本文丰富了有关ESG评级分歧经济后果与审计费用影响因素的相关文献,为上市公司改善ESG表现、监管机构解决ESG评级分歧以及审计师关注被审计对象的"软数据"提供理论依据.
Abstract
Will the different rating results issued by different rating agencies confuse the auditors and affect the auditors'audit fee decisions?This article takes the A-share listed companies in Shanghai and Shenzhen stock exchanges from 2011 to 2022 as research samples to examine whether ESG rating divergence affects audit fees.The research finds that the more ESG rating agencies differ on the ESG ratings of the same listed company,the higher the auditor will charge for audit fees next year.The mechanism tests find that operational risk and information risk are important mechanisms for ESG rating divergence to affect audit fees.The heterogeneity tests find that the positive correlation between ESG rating divergence and audit fees is more significant in the samples with good legal environment,non-heavy pollution industries and low media attention.Compared with the environmental and social dimensions,the rating divergence in the governance dimension has a more significant impact on audit fees.This article enriches the relevant literature on the economic consequences of ESG rating divergence and the influencing factors of audit fees,and provides a theoretical basis for listed companies to improve ESG performance,for regulators to resolve ESG rating divergence and for auditors to pay attention to the'soft data'of audited objects.
NETL
NSTL
万方数据