地方证监局一线监管与审计师执业质量——基于“双随机、一公开”检查的证据

《财经论丛》

2023年 第294卷 第1期

刊出日期：2023-1-10

地方证监局一线监管与审计师执业质量——基于“双随机、一公开”检查的证据

Local Securities Regulatory Bureau Front-line Supervision and Auditor Practice Quality: Evidence from “Double Random, One Open”

作者简介:

余海宗(1964—),男,四川达县人,西南财经大学会计学院教授;

朱慧娟(1990—),女,河南新乡人,西南财经大学会计学院博士生,通信作者;

何娜(1989—),女,云南蒙自人,西南民族大学商学院讲师。

摘要：

本文以证监会公告〔2015〕25号的发布为契机,考察地方证监局一线监管能否对个体审计师的执业行为发挥治理效应。研究发现,“双随机、一公开”地方证监局现场检查显著提升了被监管个体审计师的执业质量,且审计师行业专长水平越高这种影响越显著,该结论经稳健性检验后依然成立。进一步分析发现,证监局一线监管具有溢出效应,且监管效应在国有企业样本中更明显。本文结论对于重视地方证监局作为一线监管主体的积极作用,推动党的十九大报告提出的“创新监管方式”和“促进多层次资本市场健康发展”具有重要启示。

关键词:

“双随机、一公开”, 审计质量, 审计师行业专长

Abstract:

Based on the document No. 25 〔2015〕 issued by China Securities Regulatory Commission, this paper investigates whether the front-line supervision of local securities regulatory bureaus can affect auditors' practice quality. The results show that “Double Random, One Open” significantly improves auditors' practice quality, and this effect is more significant in the group with higher auditor industry expertise. The conclusions remain true after a series of robustness tests are conducted. Further analysis shows that the front-line supervision has a spillover effect, and the supervision effect is more obvious in the sample of state-owned enterprises. The research findings have important implications for attaching importance to the positive role of local securities regulatory bureaus and promoting the “innovative supervision methods” and “promoting the healthy development of multi-level capital markets” proposed in the report of the 19th National Congress of the CPC.

Key words: 

“Double Random, One Open”, Audit quality, Auditor Industry Expertise