分析師是否影響會計師工作程度和審計品質

Abstract

這項研究調查了分析師覆蓋度是否以及在多大程度上影響審計工作，包括審計費用、審計師對內部控制的意見以及持續經營評估。透過實證分析，我發現了一個細微的關係，即更大的分析師覆蓋度與這些指標的顯著變化相關聯。具體來說，增加的分析師覆蓋度與降低的審計費用相關聯，這表明了一個更健全的資訊環境，減少了審計風險。此外，受到更多分析師關注的公司較不可能收到審計師對內部控制不利的意見，這表明在外部監控下公司治理得到加強。此外，我的研究結果表明，擁有更大分析師覆蓋度的公司在持續經營審計意見上不利意見的可能性較低，這強調了分析師報告透過提高公司資訊透明度和對營運環境的理解，對審計師意見的影響。 這些見解具有學術和實務意義，並強調了金融分析師覆蓋度在企業資訊生態系統中的重要性。監管者、實踐者和市場參與者從認識到金融分析師在提高透明度和治理實踐中的關鍵作用中受益。此外，審計公司及其客戶可以利用外部資訊來源，如金融分析師報告，來改善審計計劃和風險評估過程。對於審計師而言，整合來自金融分析師的洞見有助於建立審計費用和評估風險，而被審計方可以策略性地利用分析師覆蓋度來增強資訊對稱性和內部控制，從而影響審計成本。總體而言，這項研究強調了分析師涵蓋度對審計動態的多方面影響，並強調了其在當代審計實踐中的相關性。

This study investigates whether and to what extent analyst coverage affect audit work, including audit fees, auditor’s opinion on internal control, and going concern assessments. Through empirical analysis, I find a nuanced relationship wherein greater analyst coverage correlates with notable changes in these metrics. Specifically, increased analyst coverage is associated with reduced audit fees, suggesting a more robust information environment that mitigates audit risk. Additionally, firms with greater analyst attention are less likely to receive adverse auditor’s opinion on internal controls, indicative of bolstered corporate governance under external monitoring. Moreover, my findings indicate a lower likelihood of adverse auditor opinion on going concern for firms with greater analyst coverage, underscoring the effect of analyst reports on auditor’s opinion through the increasing corporate information transparency and operational context comprehension facilitated by analyst reports. These insights have both academic and practical implications, emphasizing the significance of financial analyst coverage within the corporate information ecosystem. Regulators, practitioners, and market participants stand to benefit from recognizing the pivotal role played by financial analysts in enhancing transparency and governance practices. Moreover, audit firms and their clients can leverage external information sources, such as financial analyst reports, to refine audit planning and risk assessment processes. For auditors, integrating insights from financial analysts aids in structuring audit fees and evaluating risks, while auditees can strategically utilize analyst coverage to enhance information symmetry and internal controls, thereby influencing audit costs. This research highlights the complex influence of analyst coverage on audit processes, emphasizing its significance in modern auditing practices.