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系統識別號 U0026-2706201808450300
論文名稱(中文) 審計委員會特性與初次審計委任公費折價
論文名稱(英文) Audit Committee Characteristics and Fee Discounting for Initial Audit Engagements
校院名稱 成功大學
系所名稱(中) 會計學系
系所名稱(英) Department of Accountancy
學年度 106
學期 2
出版年 107
研究生(中文) 蔡煜程
研究生(英文) Yi-Cheng Tsai
電子信箱 jo5566g@gmail.com
學號 R16051098
學位類別 碩士
語文別 英文
論文頁數 36頁
口試委員 指導教授-黃華瑋
口試委員-楊朝旭
口試委員-謝喻婷
中文關鍵字 低價競爭  審計委員會特性  審計公費 
英文關鍵字 low-balling  audit committee characteristics  audit fee 
學科別分類
中文摘要 本研究探討台灣初次審計案件近年來是否仍存在公費折價的情形,以及審計委員會特性與上述公費折價的調節效果,一般而言,審計委員會作為公司內部監督的權責單位,且負責決議外部審計人員的聘任及報酬。然而越強而有效的審計委員會,理應為了達成監督的目的,除了內部治理機制外,其還仰賴外部審計人員的協助;然而為維護其審計工作品質,也避免其疏於審計工作,或與內部管理階層達成讓步的協議,因此審計委員會將給予外部審計人員正常的公費水準,而平緩初次審計委任出現公費折價的現象。

本研究因此提出兩項假說,假說一為台灣上市櫃公司一旦更換會計師事務所及雙簽會計師時(初次審計委任)存在公費折價的現象;假說二為越有效的審計委員會則越能抑止公費折價。

研究樣本使用台灣所有上市櫃公司,樣本年度為2003年至2016年,參照Huang et.al(2009)及Huang et.al(2015)的審計公費模型加以實證,將所有樣本共劃分四種型態,並額外使用Change Model以捕捉公費變化,同時克服遺漏變數的可能性。

實證結果顯示同時更換會計師事務所及雙簽會計師時,其與審計公費呈現負顯著關聯性,顯示台灣上市櫃公司發生此種型態變化時,仍存在公費折價的情形;而審計委員會特性中的財會專家比例,則具備調節初次審計委任公費折價的效果,並皆經Change Model、Robustness Test加以驗證,然而額外測試顯示此結論僅存在於高審計公費的上市櫃公司,而本研究為低價競爭議題的延伸,可供實務界、學術界加以參考,為台灣的低價競爭、審計委員會等研究領域提供實證證據。
英文摘要 This paper examines whether fee discounting for initial audit engagements still exists in Taiwan and how characteristics of audit committees smooth down effects of low-balling. As a result of high passing rate in obtaining accountant licenses and the policy of cancelling the audit fee floor, it has been popular that accountants tend to adopt strategies of low-balling for establishing the long-term relationship with clients in Taiwan for a long time. However, they may neglect required works or reach a compromise with the management if they don’t charge sufficient fees. Therefore, it can lead to issues of impairing independences and audit quality. On the other hand, audit committees play key roles in maintaining the corporate governance. Their works involve the selection and compensation of accountants as well. If audit committees are more effective, they should be devoted to achieving goals of overseeing quality of financial reporting or internal control more likely. As a result, they may decide a higher level of audit fees because they also rely on external auditors’ assistance.

The sample comprises all publicly-traded companies ranging between 2003 and 2016 in Taiwan Stock Exchange. Running regressions with different types of changes, we find that fee discounting for initial audit engagements still exists in Taiwan so far. Consistent with the hypothesis, we also prove the relations that effects of fee discounting will be smoothed down if the ratio of expertise in finance or accounting is high in audit committees. However, this finding is certified only in the group of high audit fees. As expected, we find evidence in the association between characteristics of audit committees and effects of fee discounting.
論文目次 1. Introduction 1
2. Literature and Hypothesis Development 2
2.1 Low-Balling 2
2.2 Similar and Unique Characteristics of the Audit Market between Taiwan and U.S 4
2.3 Audit Committee Characteristics and Audit Fees 5
3. Sample Selection and Methodology 8
3.1 Sample Selection 8
3.2 Audit Fee Model 12
3.3 Audit Committee Model 14
4. Results and Discussions 16
4.1 Descriptive Statistics 16
4.2 Univariate Statistics 18
4.3 Regression Analysis of Audit Pricing for Initial Audit Engagements 19
4.4 Regression Analysis of Audit Committee Characteristics 20
4.5 Robustness Tests for Audit Committee Characteristics 22
4.6 Additional Tests for Audit Committee Characteristics 24
5. Conclusion 27
6. References 29
7. Appendix 33
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