摘要
自2013年推出上市公司信息披露"直通车"制度以来,对上市公司年报进行问询成为沪深交易所常用的监管手段,年报问询监管也因此受到实务界与理论界的广泛关注.本文以2017-2022年沪深A股上市公司为研究样本,实证检验年报问询强度对关键审计事项披露的影响和作用路径.研究发现:年报问询强度越大,关键审计事项披露越充分;其作用路径为通过提升审计师风险感知实现;机构投资者持股、管理层持股比例低和网络媒体关注度高的上市公司收到的年报问询函强度越大,关键审计事项披露越充分,且网络媒体关注度越高,关键审计事项语调越消极;年报问询强度越强,越容易引起上市公司审计时滞,而且更易发生审计师变更;关键审计事项披露有利于提高企业盈余质量.研究结论丰富了年报问询监管和关键审计事项的相关研究,也为规范关键审计事项充分披露和监管部门完善监管制度提供借鉴.
Abstract
Inquiries on the listed company's annual report has being a regulatory measure in common use by the Shanghai& Shenzhen Security Exchanges, and has being paid great attention in the fields of practice and theory since the listed company information disclosure requirements was issued in 2013. Taking 2017—2022 A-share listed companies in the Shanghai& Shenzhen Security Exchanges as research samples, this article tests empirically the influence and effect path of the intensity of annual report inquiries on key audit matters disclosure. The research shows that: the greater intensity of annual report inquiries is, the more sufficient disclosure of key audit matters is; its effect path is realized by means of strengthening the auditor risk perception; the lower shareholding percentage of institutional investor and the lower shareholding ratio of the management and the higher internet media attention the listed companies have, the greater intensity of annual report inquiries received by those listed companies will be, and the more sufficient disclosure of key audit matters will be. Furthermore, it finds that the higher internet media attention the listed companies receive, the more negative tone of key audit matters disclosure will be; the greater intensity of audit report inquiries is, the more likely occurring of audit delay and auditor change the listed companies will meet; and the key audit matters disclosure is beneficial for improving quality of the corporate earnings. The results enrich the research on annual report inquiries regulation and key audit matters disclosure, and provide reference for sufficient disclosure of key audit matters and for regulatory authorities' improving regulatory systems.
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