喻园管理论坛2024年第65期(总第997期)

演讲主题:How Does Non-Audit Service Benefit Audit Service? Evidence from Key Audit Matters

主 讲  人:陈晨 澳大利亚莫纳什大学教授

主 持  人:李安泰 计算金融系讲师

活动时间:2024年6月17日（周一）10:30-12:00

活动地点:管理大楼107室

主讲人简介：

Chen Chen is a professor in the Department of Accounting, Monash University, Australia. His research interests are in the areas of financial reporting, auditing and corporate finance. He previously worked at the University of Auckland Business School after he obtained his PhD from The Chinese University of Hong Kong. His research has been published in numerous academic journals including Journal of Accounting Research, Management Science, Review of Accounting Studies, The Accounting Review, Auditing: A Journal of Practice & Theory, Journal of Accounting, Auditing and Finance, Journal of Accounting and Public Policy, Journal of Business Ethics, Journal of Banking and Finance, Journal of Business, Finance & Accounting, Journal of Corporate Finance and Accounting and Finance. Professor Chen’s research has also been profiled in publications such as ABC Money, Forbes, Harvard Business Review, London School of Economics Business Review, Columbia Law School's Blog on Corporations and the Capital Markets, Strategy+, among many others.

活动简介：

This paper explores how skilled advisory partners enhance audit quality by compensating for the expertise gaps of audit engagement partners. We show that audit partners are able to identify more key audit matters (KAMs) outside their area of expertise (outside KAMs) when their firms have more advisory partners equipped with relevant requisite expertise. This relationship is stronger in client firms with more complex operations and when the advisory partners have longer tenures. We also find that the outside KAMs, when associated with the skills of advisory partners, hold significant value for both investors and client firms. Specifically, investors tend to react negatively to these outside KAMs, suggesting a heightened perception of risk, while audit committees of client firms are more likely to include these KAMs in their reports in subsequent years, reflecting their perceived importance.