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文章着眼于与盈余管理有关的信息风险如何影响审计意见的发表,以2003—2013年中国上市公司的数据为分析对象,研究发现操控性应计利润对业绩波动存在重要影响,而不像以往假定的那样不影响信息风险。依据这一结论,将与盈余管理有关的业绩波动部分定义为盈余管理信息风险,进而发现:当盈余管理信息风险越大时,上市公司获得非标准审计意见的概率也越大,并且审计意见对盈余管理信息风险的敏感性显著大于对基本面信息风险的敏感性。这表明审计意见对信息风险来源的鉴证发挥了积极作用,其原因在于两类信息风险审计鉴证责任的实现方式不同。本文不仅首次提出并证实了盈余管理信息风险是甄别重大盈余管理的指标,从而在理论上拓展了信息风险与审计意见决定因素的研究,而且对于指导风险评估和投资决策具有重要的启示。
This paper focuses on how the information risk associated with earnings management affects the publication of audit opinions. Taking the data of Chinese listed companies from 2003 to 2013 as the analysis object, the study finds that discretionary accruals have a significant impact on performance fluctuations, unlike previous assumptions That does not affect the information risk. Based on this conclusion, the part of earnings fluctuation related to earnings management is defined as the risk of earnings management information. Then it is found that when the risk of earnings management information is greater, the probability of listed companies obtaining non-standard audit opinions is greater, and the audit opinion is correct The sensitivity of earnings management information risk is significantly greater than that of the fundamentals information risk. This shows that the audit opinion has played an active role in the verification of sources of information risk because of the different ways in which the two types of information risk audit forensic responsibilities are implemented. This paper not only presents and confirms for the first time that earnings management information risk is an index to identify major earnings management, and thus theoretically expands the research on the determinants of information risk and audit opinion. It also has important implications for guiding risk assessment and investment decision-making.