Artikel
The reform of accounting standards and audit pricing
This paper focuses on the reform of accounting standards in China in 2007 and investigates its impact on equilibrium pricing in the audit market. We find that the concentration of the audit market and the probability of issuing modified audit opinions do not significantly change, but that audit fees increase significantly after the adoption of the new accounting standards in China. Deeper analysis suggests that (1) the implementation of the new IFRS-based Chinese Accounting Standards (CASs) has increased the market risk faced by listed firms and thus auditors' expected audit risk, causing an increase in audit fees, and (2) the degree of the increase in audit fees is positively related to the adjusted difference between net income according to the old CAS before 2007 and the new CAS after 2007. We thus conclude that the reform has had a significant impact on audit pricing in China.
- Sprache
-
Englisch
- Erschienen in
-
Journal: China Journal of Accounting Research ; ISSN: 1755-3091 ; Volume: 5 ; Year: 2012 ; Issue: 2 ; Pages: 187-198 ; Amsterdam: Elsevier
- Klassifikation
-
Management
Production, Pricing, and Market Structure; Size Distribution of Firms
Auditing
Accounting and Auditing: Government Policy and Regulation
- Thema
-
Reform of accounting standards
Audit market
Industry structure
Audit pricing
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Zhu, Kai
Sun, Hong
- Ereignis
-
Veröffentlichung
- (wer)
-
Elsevier
- (wo)
-
Amsterdam
- (wann)
-
2012
- DOI
-
doi:10.1016/j.cjar.2012.05.002
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Zhu, Kai
- Sun, Hong
- Elsevier
Entstanden
- 2012
Ähnliche Objekte (12)
Institutions and accounting standard transformation: Observations from Japan
Audit pricing and nature of controlling shareholders: Evidence from France
Does the transformation of accounting firms' organizational form improve audit quality? Evidence from China
Address forms in Chinese audit opinions
Large shareholders and accounting research
Accounting research in banking: A review
The China puzzle: Opportunities for accounting research
How audit effort affects audit quality: An audit process and audit output perspective
Accounting standard changes and foreign analyst behavior: Evidence from China
A fundamentalist perspective on accounting and implications for accounting research
Acceptance of China research in Western accounting journals (1978-2007)
Reputation, accounting information and debt contracts in Chinese family firms
Institutions and accounting standard transformation: Observations from Japan
Audit pricing and nature of controlling shareholders: Evidence from France
Does the transformation of accounting firms' organizational form improve audit quality? Evidence from China
Address forms in Chinese audit opinions
Large shareholders and accounting research
Accounting research in banking: A review
The China puzzle: Opportunities for accounting research
How audit effort affects audit quality: An audit process and audit output perspective
Accounting standard changes and foreign analyst behavior: Evidence from China
A fundamentalist perspective on accounting and implications for accounting research
Acceptance of China research in Western accounting journals (1978-2007)
Reputation, accounting information and debt contracts in Chinese family firms
Institutions and accounting standard transformation: Observations from Japan
Audit pricing and nature of controlling shareholders: Evidence from France
Does the transformation of accounting firms' organizational form improve audit quality? Evidence from China
Address forms in Chinese audit opinions
Large shareholders and accounting research
Accounting research in banking: A review
The China puzzle: Opportunities for accounting research
How audit effort affects audit quality: An audit process and audit output perspective
Accounting standard changes and foreign analyst behavior: Evidence from China
A fundamentalist perspective on accounting and implications for accounting research
Acceptance of China research in Western accounting journals (1978-2007)