本文選題：財務(wù)舞弊 + 審計費(fèi)用��； 參考：《武漢理工大學(xué)》2014年碩士論文

【摘要】：隨著全球經(jīng)濟(jì)的迅速發(fā)展和資本市場一體化程度進(jìn)程的加快，財務(wù)和會計在推動市場經(jīng)濟(jì)發(fā)展方面的作用也越來越顯著，在推動資本市場發(fā)展的同時，由它們引發(fā)的財務(wù)舞弊或會計舞弊等違規(guī)現(xiàn)象嚴(yán)重干擾了社會經(jīng)濟(jì)發(fā)展的良好秩序，破壞了資本市場的健康發(fā)展，使投資者和債權(quán)人等利益相關(guān)者損失慘重。同時，隨著時代的進(jìn)步，各種舞弊方法和技巧日新月異，這不僅增加了財務(wù)舞弊現(xiàn)象發(fā)生的頻率和數(shù)量，也提高了發(fā)現(xiàn)并對財務(wù)舞弊公司進(jìn)行處罰的難度。而且上市公司的財務(wù)舞弊行為毋庸置疑，肯定會帶來一些比較嚴(yán)重的后果，最明顯的就是上市公司會受到相關(guān)監(jiān)管部門的處罰，從而使得投資者的股票價格大幅度下滑，而注冊會計師在對其進(jìn)行審計時也會承擔(dān)更大的壓力和風(fēng)險。對我國資本市場來說，由于其發(fā)展的歷程比較短，還存在許多不完善的地方，財務(wù)舞弊行為帶來的影響可能會更大。因此，鑒于我國財務(wù)舞弊問題的嚴(yán)重性和危害性，財務(wù)舞弊處罰的市場反應(yīng)是非常具有研究價值的，關(guān)于這方面的研究不僅有助于減少投資風(fēng)險，為監(jiān)管機(jī)構(gòu)制定防范財務(wù)舞弊的政策提供理論指導(dǎo)，拓展現(xiàn)有對審計理論研究和證券市場有效性的相關(guān)研究；而且還有助于投資者識別違規(guī)公司股價變動的投資風(fēng)險，幫助獨(dú)立注冊會計師識別違規(guī)公司的審計風(fēng)險并爭取風(fēng)險溢價。 本文首先從對上市公司財務(wù)舞弊的監(jiān)管、投資者關(guān)于財務(wù)舞弊處罰的市場反應(yīng)以及注冊會計師關(guān)于財務(wù)舞弊處罰的市場反應(yīng)等三個方面對國內(nèi)外相關(guān)的文獻(xiàn)進(jìn)行了總結(jié)和分析。其次，在借鑒國內(nèi)外相關(guān)機(jī)構(gòu)和學(xué)者對財務(wù)舞弊定義的基礎(chǔ)上，提出了本文對財務(wù)舞弊的理解，并詳細(xì)闡述了財務(wù)舞弊的四個基本特征及其帶來的危害。再次，分析了我國相關(guān)監(jiān)管部門對上市公司財務(wù)舞弊處罰的監(jiān)管現(xiàn)狀和存在的問題，并提出了幾點(diǎn)建議和措施希望能對解決這些問題有所幫助。最后，以2008年至2012年所有發(fā)生財務(wù)舞弊行為而被中國證監(jiān)會、上海證券交易所或深圳證券交易處罰的A股上市公司作為研究對象，通過樣本統(tǒng)計分析發(fā)現(xiàn)受處罰的財務(wù)舞弊公司主要集中在資本監(jiān)管成本比較高的行業(yè)中；運(yùn)用事件研究法證明了由于發(fā)生財務(wù)舞弊行為而被監(jiān)管部門處罰的上市公司，在監(jiān)管部門處罰公告日前后較短時期內(nèi)，其異常收益率和累積異常收益率都顯著為負(fù)，也就是說投資者對我國發(fā)生財務(wù)舞弊行為的上市公司的股票市場反應(yīng)顯著為負(fù)；利用Logistic回歸模型和經(jīng)典的回歸模型驗證了我國上市公司因發(fā)生財務(wù)舞弊行為而相關(guān)監(jiān)管部門處罰后，，注冊會計師對其進(jìn)行審計后不僅更傾向于出具標(biāo)準(zhǔn)無保留的審計意見，而且收取的審計費(fèi)用會顯著增加。
[Abstract]:With the rapid development of the global economy and the acceleration of the process of capital market integration, the role of finance and accounting in promoting the development of market economy is becoming more and more prominent. The financial fraud or accounting fraud caused by them seriously interferes with the good order of social and economic development destroys the healthy development of capital market and causes heavy losses to investors and creditors and other stakeholders. At the same time, with the progress of the times, all kinds of fraud methods and techniques change with each passing day, which not only increases the frequency and quantity of financial fraud, but also increases the difficulty of finding and punishing financial fraud companies. Moreover, there is no doubt that the financial fraud of listed companies will surely bring some serious consequences. The most obvious is that the listed companies will be punished by the relevant regulatory authorities, thus making the stock prices of investors drop substantially. And CPA will bear more pressure and risk when auditing. For China's capital market, due to its relatively short development process, there are still many imperfections, financial fraud may bring greater impact. Therefore, in view of the seriousness and harmfulness of financial fraud in our country, the market reaction of financial fraud punishment is of great value, and the research on this aspect is not only helpful to reduce investment risk, To provide theoretical guidance for regulators to formulate policies to prevent financial fraud, to expand the existing research on audit theory and the effectiveness of the securities market, and also to help investors identify the investment risk of stock price changes of illegal companies. Assist independent CPA to identify audit risk and gain risk premium for offending company. Firstly, this paper summarizes and analyzes the domestic and foreign literature from three aspects: the supervision of financial fraud of listed companies, the market reaction of investors on financial fraud punishment and the market reaction of certified public accountants on financial fraud punishment. Secondly, on the basis of referring to the definition of financial fraud at home and abroad, the author puts forward the understanding of financial fraud in this paper, and expounds in detail the four basic characteristics of financial fraud and the harm it brings. Thirdly, this paper analyzes the current situation and existing problems of financial fraud punishment of listed companies, and puts forward some suggestions and measures to solve these problems. Finally, the A-share listed companies that were penalized by the China Securities Regulatory Commission, the Shanghai Stock Exchange or Shenzhen Stock Exchange for their financial fraud from 2008 to 2012 were taken as the research objects. Through the statistical analysis of samples, it is found that the financial fraud companies that have been punished are mainly concentrated in industries with high capital supervision costs, and that the listed companies that have been penalized by the regulatory authorities because of financial fraud have been proved by the event study method. The abnormal rate of return and cumulative abnormal rate of return are both significantly negative in a short period of time around the date of the announcement of regulatory punishment, that is to say, the investors' reaction to the stock market of listed companies with financial fraud is significantly negative; Using the Logistic regression model and the classical regression model, this paper verifies that the listed companies in China are punished by the relevant regulatory authorities for financial fraud. After auditing the listed companies, they are not only more inclined to issue the standard unqualified audit opinion. And the audit fees charged will increase significantly.
【學(xué)位授予單位】：武漢理工大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F275;F233

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