报告主题：Do Engagement Auditors Provide Differentiated IPO Audit Service? Some Initial Evidence

报告人：陈俊 副教授（博导）

时间：2017年3月17日（星期四），下午2:00-3:00

举行地点：综合楼802会议室

内容提要：

Initial public offering (IPO) audits are much riskier than and involve many issues that rarely exist in regular annual audits of public companies. We thus posit that engagement auditors with different levels of IPO specialized knowledge provide differentiated IPO audit services. We use Chinese data to test this supposition because the large size of the IPO market in China provides auditors with incentives to acquire IPO expertise and specialize in IPO audits. We argue that individual auditors build up their IPO expertise through leading IPO audits. Focusing on more than 1,600 IPOs between 1999 and 2012, we find that IPO companies audited by individual auditors with greater IPO expertise report a lower level of discretionary accruals, are less likely to subsequently restate earnings downward, and have higher earnings response coefficients. In addition, engagement auditors with more IPO expertise earn an audit fee premium. These findings suggest that individual auditors provide differentiated IPO audit services.

报告人简介：浙江大学管理学院副教授、博士生导师，厦门大学会计学博士，浙江大学工商管理博士后，美国UT-Austin McCombs商学院、香港中文大学、香港理工大学、香港城市大学等会计系访问学者。现为浙江大学会计学专业项目主任、浙江大学MBA-AIA项目主任，兼任中国政府审计研究中心特约研究员、香港中文大学治理与制度研究中心副研究员、浙江大学全球创业研究中心研究员。长期致力于中国新兴资本市场中会计、审计、公司财务及公司治理理论与实务的研究工作。主持国家自然科学基金面上和青年项目，以及浙江省自然科学基金、浙江省哲学社会科学基金等多个研究项目，研究成果发表于Journal of Corporate Finance, European Accounting Review,  Journal of Business Ethics, Asia-Pacific Journal of Accounting and Economics、《会计研究》、《审计研究》、《管理世界》、《经济管理》、《浙江大学学报（人文社科版）》、《南开管理评论》等国内外权威期刊，担任“Journal of Corporate Finance”, “Emerging Markets Finance and Trade”, “China Journal of Accounting Studies”, “China Accounting and Finance Review”,《金融研究》、《管理工程学报》、《南大商学评论》、《研究与发展管理》等国内外期刊审稿专家。教研成果曾获得财政部第四届“杨纪琬会计学奖”、省部级社会科学优秀成果奖以及浙江大学“优质教学奖”等多个奖项。