CAJ | 학술논문

分析师是资本市场重要的信息中介,能有效缓解资本市场中的信息不对称。注册会计师在估算审计收费时,是否使用了分析师所提供的信息呢？基于信息不对称理论的视角,研究分析师预测与审计收费之间的关系。以分析师预测准确度和离散度来衡量信息不对称,验证了注册会计师在评估被审计公司的审计风险时,是如何参考分析师预测来估算审计收费的。研究结果表明,分析师预测准确度与审计收费呈显著负相关关系;预测离散度与审计收费呈显著正相关关系。进一步研究发现,由于小型公司、上市时间较短的公司有着较高的信息不对称程度,分析师预测与审计收费之间的关系在这两类公司中较强。
분석사시자본시장중요적신식중개,능유효완해자본시장중적신식불대칭。주책회계사재고산심계수비시,시부사용료분석사소제공적신식니？기우신식불대칭이론적시각,연구분석사예측여심계수비지간적관계。이분석사예측준학도화리산도래형량신식불대칭,험증료주책회계사재평고피심계공사적심계풍험시,시여하삼고분석사예측래고산심계수비적。연구결과표명,분석사예측준학도여심계수비정현저부상관관계;예측리산도여심계수비정현저정상관관계。진일보연구발현,유우소형공사、상시시간교단적공사유착교고적신식불대칭정도,분석사예측여심계수비지간적관계재저량류공사중교강。
Analysts are important information intermediary in capital market as they can effectively alleviate the information asymmetry. Do CPAs use the information provided by analysts when estimating the audit fees？ This paper tries to review the relationship between analysts＇ forecasts and audit fees according to the information asymmetry theory. By using the analyst earnings forecast accuracy and dispersion to measure the information asymmetry thereof, this paper tries to verify whether and how auditors refer to analyst earning forecast to estimate audit fees when they assess client audit risks. The results of this study show that analyst forecast accuracy （dispersion） is negatively （positively） correlated with audit fees. Further study found that small corporations and corporations listed in a relatively short time have a higher information asymmetry, the relationship between analysts＇ forecasts and audit fees has become more significantly correlated among these similar corporations.