The Relation between CPA Sanction and Audit Quality
碩士 === 國立政治大學 === 會計研究所 === 94 === rom USA to Taiwan, lots of frauds upset investors in recent years. Accountants are asked to express their opinions toward the financial reports, and have played an important role in the capital market. Investors rely on what accountants assure to make decisions. Ho...
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ndltd-TW-094NCCU53850372016-06-01T04:21:11Z http://ndltd.ncl.edu.tw/handle/79596756943953188346 The Relation between CPA Sanction and Audit Quality 會計師懲戒與審計品質關連性之研究 Teng, Chia Lee 鄧佳俐 碩士 國立政治大學 會計研究所 94 rom USA to Taiwan, lots of frauds upset investors in recent years. Accountants are asked to express their opinions toward the financial reports, and have played an important role in the capital market. Investors rely on what accountants assure to make decisions. However, with so many frauds broke up, accountants’ professionalism and assurance quality are being questioned. Sanctions may be due to the profession’s self-regulation system or based on judgment of the regulators’ administrative power. Nevertheless, does the sanction system actually protect or enhance accountants’ audit quality as it is originally set up for?Do the punished accountants really provide lower quality on the audit they perform? The answers to these questions are unknown, and they are the subject of this study. The study quantifies accountants’ audit quality by the amount of discretionary accruals of the financial statements of their audit clients. Referring to the research model of Nagy(2005), we classify samples into two periods, i.e., before and after changing accountants. Moreover, the study matches each observation sample with a paired sample and analyzes whether the sanction has affected the audit quality. The study concludes that the sanction system is appropriate basically. The results approve that the accountant sanction system in Taiwan is somewhat effective on improving audit quality. In short, the purpose of CPA sanction is to enforce professional conduct on all members of the profession. It not only punishes the accountants that break laws, but also alerts others. Therefore, the sanction system is necessary. The regulators should refer to these findings and solve the problems that diminish the effect of the sanction system. After all, the sanction system may be able to offer investors a more matured investment environment and achieve their expectations. Chou, Ling-Tai 周玲臺 學位論文 ; thesis 86 zh-TW |
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碩士 === 國立政治大學 === 會計研究所 === 94 === rom USA to Taiwan, lots of frauds upset investors in recent years. Accountants are asked to express their opinions toward the financial reports, and have played an important role in the capital market. Investors rely on what accountants assure to make decisions. However, with so many frauds broke up, accountants’ professionalism and assurance quality are being questioned. Sanctions may be due to the profession’s self-regulation system or based on judgment of the regulators’ administrative power. Nevertheless, does the sanction system actually protect or enhance accountants’ audit quality as it is originally set up for?Do the punished accountants really provide lower quality on the audit they perform? The answers to these questions are unknown, and they are the subject of this study.
The study quantifies accountants’ audit quality by the amount of discretionary accruals of the financial statements of their audit clients. Referring to the research model of Nagy(2005), we classify samples into two periods, i.e., before and after changing accountants. Moreover, the study matches each observation sample with a paired sample and analyzes whether the sanction has affected the audit quality. The study concludes that the sanction system is appropriate basically. The results approve that the accountant sanction system in Taiwan is somewhat effective on improving audit quality.
In short, the purpose of CPA sanction is to enforce professional conduct on all members of the profession. It not only punishes the accountants that break laws, but also alerts others. Therefore, the sanction system is necessary. The regulators should refer to these findings and solve the problems that diminish the effect of the sanction system. After all, the sanction system may be able to offer investors a more matured investment environment and achieve their expectations.
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Chou, Ling-Tai |
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Chou, Ling-Tai Teng, Chia Lee 鄧佳俐 |
author |
Teng, Chia Lee 鄧佳俐 |
spellingShingle |
Teng, Chia Lee 鄧佳俐 The Relation between CPA Sanction and Audit Quality |
author_sort |
Teng, Chia Lee |
title |
The Relation between CPA Sanction and Audit Quality |
title_short |
The Relation between CPA Sanction and Audit Quality |
title_full |
The Relation between CPA Sanction and Audit Quality |
title_fullStr |
The Relation between CPA Sanction and Audit Quality |
title_full_unstemmed |
The Relation between CPA Sanction and Audit Quality |
title_sort |
relation between cpa sanction and audit quality |
url |
http://ndltd.ncl.edu.tw/handle/79596756943953188346 |
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