祝贺｜国内青年学者第二篇文章正式被国际会计TOP3 刊出
近期，中央财经大学会计学院吴溪教授与两位合作者CliveLennox教授（University of Southern California）、张田余教授（The Chinese University of Hong Kong）的论文“The effect of audit adjustments on earnings quality: Evidence fromChina"被会计学国际顶级期刊Journal of Accounting and Economics（JAE）正式发表。JAE是会计学TOP3的国际顶级期刊，2015年的SSCI影响因子为3.535（5年影响因子为5.973）
会计学以往大量文献考察了各种会计盈余特征，并尝试将这些特征作为盈余质量和审计质量的替代指标。但不同的会计盈余特征是否以及在多大程度上反映了盈余质量和审计质量，存在着明显的争议和不一致的结论。吴溪教授与两名国际学者合作的学术论文较为系统地考察了注册会计师在审计过程中针对会计盈余做出的审计调整是如何影响盈余质量的。给定注册会计师的审计目标是使得会计信息得以更加公允地反映，该研究通过考察审计调整对盈余特征的影响效果，可以较为有效地评估诸多会计盈余特征的含义。
基于中国资本市场2006-2012年的数据，该研究评估了一系列会计盈余特征，包括会计利润平稳性、持续性、会计应计质量、会计应计原始值与绝对值，以及会计盈余分布的间断性。研究发现：（1）审计调整使得会计盈余的平稳性和持续性显著提升；（2）审计调整显著提升了会计应计额质量；（3）审计调整显著减少了会计应计额的幅度，且对应计额原始值的减幅大于对应计额绝对值的减幅；（4）审计调整并未明显改变会计盈余在盈亏平衡点附近的间断分布状态。这些发现对研究者在使用会计盈余特征度量盈余质量和审计质量时具有直接和明显的价值。同时，上述发现也表明，注册会计师审计对提升中国资本市场的会计信息质量发挥了积极和显著的影响。
The Effect ofAudit Adjustments on Earnings Quality: Evidencefrom China
Journal of Accounting and Economics, 61（2-3）
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Abstract：We examine how adjustments to earningsduringyear-end audits affect measures of earnings quality. There are fourkeyfindings. First, audit adjustments cause earnings to become smoother andmorepersistent. Second, the adjustments result in higher accrual quality.Third,audit adjustments have a larger negative effect on signed accruals than absolute accruals. Fourth, the adjustments do not reduce thediscontinuity in the earnings distribution around zero. Thesefindings are of interest to researchers who use earnings properties as proxiesfor earnings quality andaudit quality. However, we caution that our findingsfor China may notgeneralize to other countries.
Keywords:Earningsquality;Audit adjustments
Does Mandatory Rotation of Audit Partners ImproveAuditQuality?
The Accounting Review. Volume 89 Issue 5 (September 2014): 1775-1803
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ABSTRACT:Opponents of mandatory rotation argue that a change of partner is bad for auditquality,as it results in a loss of client-specific knowledge. On the otherhand,proponents argue that a change of partner is beneficial, as it results in apositive peer review effect and a fresh perspective on theaudit. We test theimpact of mandatory partner rotation on audit quality using aunique data set of audit adjustments in China. Our results suggestthat mandatory rotation of engagement partners results in higher quality auditsin the years immediately surrounding rotation. Specifically, we find asignificantly higher frequency of audit adjustments during the departingpartner's final year of tenure prior tomandatory rotation and during theincoming partner's first year of tenure following mandatory rotation.
Keywords: mandatoryrotation, audit partners, audit quality, audit adjustment
后记：吴老师是央财毕业的博士，是一位75后，现为央财会计学院教授、博导。
虽然我不是央财的学生，但我有幸听过吴老师的课，从言谈话语中感受到，吴老师对研究的热爱，对教学的热爱，对学生的热爱，是一位非常值得尊敬的老师。
期待吴老师，也期待学术同仁将更多中国问题的研究搬上国际舞台。期待大牛们能关注到我们会计学术联盟，先谢了，嘿嘿~~