국제감사기준의 적용이 감사품질에 미치는 영향-중국 상하이자본시장을 중심으로-The Effect of Adopting International Standards on Auditing on Audit Quality-Evidence from Chinese Capital Market-
- Authors
- Ye, Shaoting; Park, Jae Whan
- Issue Date
- 2010
- Publisher
- 한국회계정보학회
- Keywords
- Convergence to ISAs; Audit quality; Emerging market; Convergence to ISAs; Audit quality; Emerging market; 국제감사기준; 감사품질; 중국자본시장
- Citation
- 재무와 회계정보저널, v.10, no.4, pp 231 - 255
- Pages
- 25
- Journal Title
- 재무와 회계정보저널
- Volume
- 10
- Number
- 4
- Start Page
- 231
- End Page
- 255
- URI
- https://scholarworks.bwise.kr/cau/handle/2019.sw.cau/34435
- ISSN
- 1738-7094
- Abstract
- In order to improve the audit quality of the Chinese capital market, China recently adopted new audit standards, which converged to the International Standards on Auditing(ISAs) from the year of 2006. This study examined whether convergence to ISAs improved the audit quality. Audit quality is measured by discretionary accrual estimated by 5 models. Based the firms listed on Shanghai Stock Market, we conducted a univariate and multivariate tests to compare the discretionary accrual of the firms from 2004, 2005(pre-CSAs period) with the firms from 2006, 2007(post-CSAS period). Results show that the discretionary accrual significantly decreased after the ISAs adopted, which means the audit quality of China increased significantly. As an additional analysis, we tested with signed discretionary accruals and came to a similiar conclusion. This finding has policy implications for improving the efficiency of China's capital market, and will be meaningful to the countries preparing to adopt ISAs.
- Files in This Item
- There are no files associated with this item.
- Appears in
Collections - College of Business & Economics > School of Business Administration > 1. Journal Articles
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.