关键词: 审计师轮换违规, 超时审计, 冷却不足, 审计报告激进度

Abstract:

Auditor rotation violations are material weaknesses in the supervision system of auditing service in China.Using the sample of listed companies in Chinese A-share market from 2008 to 2013,this paper analyzes the effects on audit decisions and results of auditor rotation violations.The results show that auditor rotation violations lead to more aggressive audit reports and damage the fairness of the audit results.In addition, the longer of timeout years,the more aggressive of audit reports.But the longer of cooling-off period, the less aggressive of audit reports,which helps to restore and maintain substantial independence of auditors.What's more, the strengthening of legal constraints environment could alleviate the negative impact of auditor rotation violations to some extent.Thus it is of great importance that the regulation mechanism of auditors' behaviors should be enhanced and the self-discipline of auditors be strengthened,so as to promote the healthy and orderly development of the audit profession.

Key words: auditor rotation violations, timeout audit;insufficient cooling;audit report aggressiveness