| Summary: | 碩士 === 中原大學 === 會計研究所 === 99 === Facing the Major industry financial reporting to corrupting practices matter ensued, in accountant’s report, there was no clear indication in the financial reporting to include significant states or the concealment situation by mistake, causes the people to question the accountant’s independence, the investor also loses the confidence to the company’s financial statement quality. Therefore this article discusses in the capital market, whether by way to have outside supervision mechanism accountant to provide the audit service, even can let the fund providers believe the financial information; thus decreases their proxy cost.
This research takes the issue from the enterprise active balance as the sample observation, and uses the industry auditors conduct the measure audit quality of proxy as variable, advocated that the industry auditors to better examine technology and independence, through promote the examine quality will be able to reduce the conflicts of profit effectively between proxy relationship, measure if the better audit quality can reduce the fund cost, the further ties the earnings difference measure confidence level, From ties the earnings is settles accounts voluntarily by the regulatory authority, but the result is after accountant checks announcement surplus, between the both differences may measure in accountant and the regulatory authority cognition disparity, the discussion of financial reporting confidence degree influence cost of capital.
The real diagnosis result showed that audits expert has checked the industry company, the fund providers approve identify to have the measure of specialty technology industrial; therefore gives high evaluation to the measured company; therefore the company measured by industry audits company expert, its fund cost shows lower, the credibility partially shows that when the difference between a company’s private earning report and the public earning report is small, the fund provider thought that the authority of financial reporting earnings quality the establishment is beforehand better, and has higher confidence level, its must undertake the violation risk is relatively lower, therefore the credibility financial reporting is more higher, its cost of capital is more and more lower.
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