报告人：肖土盛

报告人简介：肖土盛，上海财经大学会计学博士，中央财经大学会计学院副教授、硕士生导师，主要研究公司价值、信息披露、审计等资本市场相关的会计与财务问题

报告题目：Industry-Specific Knowledge Transfer in Audit Firms: Evidence from Audit Firm Mergers in China

《审计事务所的特定行业知识转移：来自中国审计事务所合并的证据》

报告摘要: Using a difference-in-differences approach, we examine the effect of industry-specific knowledge transfer on audit performance after a merger of two Chinese audit firms with different levels of expertise in an industry. For clients in an industry audited by both merging audit firms, those audited by the audit firm less specialized in that industry belong to the treatment group, while all other clients belong to the control group. We find an economically significant improvement in audit quality (as reflected in a reduction in misstatements) for the treatment group relative to the control group in the same merged audit firm. We show that the treatment effect is not driven by changes in auditor incentives or personnel movement and is more pronounced when we expect stronger communication between the less and more specialized auditors after the merger. We caution that our findings are specific to China and may not generalize to other countries.

本文运用双重差分法，考察了具有不同专业知识水平的两家中国审计事务所合并后，特定行业知识转移对审计绩效的影响。在由两家合并的审计事务所审计的客户中，以在该行业具有较少专业知识的审计事务所审计的客户为处理组，而所有其他客户均属于控制组。我们发现，与同一家合并审计事务所中的控制组相比，处理组的审计质量有显著改善（反映在错误陈述的减少上）。本文表明，该效果不是由审计师变化或人员流动的变化引起的，而且当合并后专业程度较低的审计师和较高的审计师沟通紧密时，这种效果更为明显。但是我们的发现仅针对中国，可能无法推广到其他国家

时间：11月25日，14:00 p.m. -16:30 p.m.

地点：学院802会议室

参加人员：学院教师、博士研究生、硕士研究生