講座人：Chen Feng

講座主題：Do Staff Auditors’ Compensation Gaps with Audit Partners Affect Audit Quality? Evidence from a Natural Experiment

主持人：李哲

摘要：We exploit staggered implementations of the minimum audit fee (MAF) rule in various parts of China and analyze the policy shock to audit firm profits and the resulting audit partner-staff auditor compensation gaps in a difference-in-differences (DID) research design for 2010-2014. We find significant increases in audit firm profits as well as audit partner-staff auditor compensation gaps following the implementations of the MAF rule. More importantly, we find that auditors make lower-magnitude audit adjustments, suggesting lower audit quality following the policy shock. Increased partner-staff compensation gaps at both the audit firm level and the audit team level explain the reduced audit quality following the MAF rule implementations. By documenting a causal effect of increased partner-staff compensation gaps on audit quality, we contribute to the limited archival research on rank-and-file audit personnel compensation. Finally, by identifying unintended consequences of mandating the minimum audit pricing, our findings highlight the importance for regulators to balance their policy goals of regulating audit markets while ensuring proper incentive structures within audit firms.

時間：2021年6月15日（周二上午），10:00-11:30

地點：騰訊會議（具體會議ID另行通知）

主講人簡介：

Chen Feng，現多倫多大學管理學院會計學副教授，哥倫比亞大學商學院會計學博士。主要研究領域：審計、公司披露和公司治理。在Contemporary Accounting Research, Journal of Accounting Research, Review of Accounting Studies, The Accounting Review等國際頂級期刊發表論文十餘篇。作為注冊會計師（CPA, CGA），在哥倫比亞大學、羅格斯大學、密蘇裡大學和多倫多大學有豐富的教學經驗。榮獲SSHRC Insight Grant (Principal Investigator) (2020), SSHRC Insight Development Grant (Principal Investigator) (2020), UT Connaught New Researcher Award (2011), The AAA International Accounting Section Midyear Conference Best Paper Award (2010)等諸多榮譽與獎項。