首次簽發繼續經營疑慮審計意見對應計盈餘之影響

The Relationship between CPA’s First Issuance Going Concern Opinion and Accrual Earnings Management

徐梅齡(Mei-Ling Hsu)

指導教授 ： 黃劭彥

國立中正大學/管理學院/會計與資訊科技學系/碩士(2015年)

摘要

本研究為了解公司在首次面臨會計師簽發繼續經營假設有疑慮(Going Concern，以下簡稱GC)審計意見之壓力時，可能的盈餘操弄時點，以幫助其利害關係人衡量其財務報表的品質，故以台灣目前上市上櫃公司，其於1999年至2012年首次被會計師簽發GC意見(排除該期間已下市下櫃公司)者為研究對象，並以首次簽發GC意見前1年度、首次簽發GC意見之當年度，及首次免除GC意見之當年度進行盈餘管理程度差異之研究，並進一步探討在首次免除GC意見之當年度樣本中，僅簽發1次GC意見即免除者是否會有較高的盈餘管理程度，本研究利用Kothari et al.(2005) 修正後之績效調整法模型估計的裁決性應計項目進行應計盈餘管理程度比較之實證性研究，實證結果簡要說明如下：
1.對比首次簽發GC意見之當年度的應計盈餘，公司被會計師簽發GC意見之前1當年度採行負向應計盈餘管理較少，裁決性應計項目較高，尤其是規模較大、負債比率較高和營運活動現金流量較低的公司。
2.對比首次簽發GC意見之當年度應計盈餘，公司在首次免除GC意見之當年度的應計盈餘管理程度並無明顯差異。
3.在免除GC意見年度的公司中，僅簽發1次年度GC意見即免除的公司相較其他連續多年被簽發GC意見之公司並沒有明顯較高的應計盈餘管理程度。

關鍵字

裁決性應計項目 ； 盈餘管理 ； 繼續經營假設有疑慮審計意見

並列摘要

This research is to detect the relationship between company manipulating accrual earnings on finance report before, between and after receiving Going Concern Opinion. This study hopes to provide useful information to assist stakeholders to evaluate the quality of these companies` finance reports. For instance, companies receiving first issuance Going Concern opinion during 1999 to 2012 as observations. We exclude companies delisted from the Taiwan Stock Exchange. Then, this research analyze the difference of accrual earnings among the year before CPA’s First receiving Going Concern Opinion , the year of CPA’s First receiving Going Concern Opinion, and first year getting unqualified audit opinion without Going Concern Opinion. Furthermore, we also use those companies which receive unqualified audit opinion as subsample. We compare the manipulate accrual earnings between subsample companies receiving Going Concern Opinion one time and companies receiving going concern opinion more than one times. We employ discretionary accrual item of performance adjustment model proposed by Kothari et al.(2005) to measure discretional accrual earnings on finance reports. The outcome of the empirical study is as followings.
1.Comparing to accrual earnings in the year of receiving CPA’s First receiving Going Concern Opinion, the year before receiving going concern opinion will have less negative accrual earnings management especial for big, higher-debt-ratio, and lower operating cash flow companies.
2.Comparing to accrual earnings between companies in the year of receiving CPA’s Going Concern Opinion and the year getting unqualified audit opinion without going concern, the result is no difference.
3.In the subsample, companies only getting once GC Opinion do not have higher manipulating accrual earnings than those companies getting more than one time GC Opinion.

並列關鍵字

Going Concern Opinion ； Discretionary Accrual Item ； Earning Management

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