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【学术通知】南京审计大学会计学院副教授廖林:The Extent of Internal Control Audits and Financial Reporting Quality: Does Company Size Matter?

  • 发布日期:2022-09-22
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演讲主题: The Extent of Internal Control Audits and Financial Reporting Quality: Does Company Size Matter?

主 讲 人: 廖林,南京审计大学会计学院副教授

主 持 人: 黄坤,4166am金沙会计系讲师

活动时间: 2022年9月30日(周五)15:00-17:00



廖林,南京审计大学会计学院副教授,中国政府审计研究中心国际学术研究与交流部主任,澳大利亚新南威尔士大学(UNSW)会计学博士,澳大利亚注册会计师,入选爱思唯尔2020年中国高被引学者。主要研究方向为审计、企业社会责任、公司金融等,主要成果发表在The Accounting Review, Journal of Business Ethics、Pacific Basin Finance Journal、British Accounting Review、Accounting and Finance等SSCI英文学术期刊,同时担任AJPT, Journal of Accounting and Public Policy、Journal of Business Ethics、Accounting and Finance、Accounting,Auditing and Accountability Journal等SSCI英文期刊匿名审稿人。从2021年起,担任国际知名SSCI(Q2)期刊《Accounting and Finance》副主编。


This study examines the impact of the extent of internal control (IC) audits on financial reporting quality proxied by the likelihood of financial statement misstatements. Using IC audit fees from Chinese companies to proxy for the extent of IC audit effort, we find that increased IC audit fees are associated with lower financial reporting quality. However, such effect only applies to small companies but not large companies. This effect is also stronger for small companies with financial distress. The results are consistent with the argument that auditors of small companies experience increased integration errors and confirmation bias when leveraging costly IC audits in financial statement audits, leading to poor financial reporting quality. We also find when large companies have poor internal control quality, the greater IC audit effort significantly reduces the likelihood of material misstatements, indicating the benefits of IC audits to large companies with poor internal control quality. Overall, these results suggest that it is important to consider company size when evaluating the costs and benefits of IC audits.


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