CAJ | 학술논문

本文以我国．2007-2011年沪深主板市场A股上市公司为研究对象，采用Logit回归分析方法研究了上市公司对外担保行为与审计师出具持续经营不确定性审计意见的关系。研究发现，作为企业获取银行信用的一种重要方式，担保在我国上市公司中普遍存在，审计师并不会仅仅依据企业存在对外担保便对其出具持续经营不确定性审计意见；然而，当审计师进一步考虑到企业对外担保的规模、担保对象与被担保方风险后，其出具的审计报告会发生相应的变化：审计师对上市公司的担保规模给予了充分关注，担保规模越大越容易被出具持续经营不确定性审计意见，且审计师更加关注上市公司对非子公司提供的担保。此外，由于对企业存在的高风险担保行为愈加谨慎。审计师更易对高风险担保企业出具持续经营不确定性审计意见。
본문이아국．2007-2011년호심주판시장A고상시공사위연구대상，채용Logit회귀분석방법연구료상시공사대외담보행위여심계사출구지속경영불학정성심계의견적관계。연구발현，작위기업획취은행신용적일충중요방식，담보재아국상시공사중보편존재，심계사병불회부부의거기업존재대외담보편대기출구지속경영불학정성심계의견；연이，당심계사진일보고필도기업대외담보적규모、담보대상여피담보방풍험후，기출구적심계보고회발생상응적변화：심계사대상시공사적담보규모급여료충분관주，담보규모월대월용역피출구지속경영불학정성심계의견，차심계사경가관주상시공사대비자공사제공적담보。차외，유우대기업존재적고풍험담보행위유가근신。심계사경역대고풍험담보기업출구지속경영불학정성심계의견。
Based on Chinese A-share listed companies of Shanghai and Shenzhen main board stock market from 2007 to 2011, this paper studies the relationship between external guarantee behaviors of listed companies and go- ing-concern opinions issued by auditors using Logit regression analysis method. Our study has several findings as fol- lows： as an important way for firms to acquire loans from banks, guarantees widely exist among Chinese listed com- panies; therefore, it is unlikely for auditors to issue going-concern opinions only because companies provide guaran- tees. However, when auditors take the sizes, objects and risks of guarantees into consideration, they will change the auditor opinions correspondingly： auditors are concerned about the guarantee size, and are more likely to issue a going-concern opinion for the enterprise whose guarantee size is larger. Besides, relative to the guarantees provided for subsidiary, auditors pay more attention to the guarantees that listed firms provide for non-subsidiary. In addition, auditors are cautious about the firms with high risky guarantees, and are more likely to issue a going-concern opin- ion to them.