科学研究
报告题目：Auditor-client Reciprocity: Evidence from Forecast-issuing Brokerage Houses and Forecasted Companies Sharing the Same Auditor
报告人：王宇
报告时间：2022年12月16日（周五）15:30
报告地点：腾讯会议（会议ID：276 157 378）
主办单位：东北财经大学会计学院
【报告摘要】
We examine whether auditors share private information about some clients in their portfolio to benefit other clients (i.e., brokerage houses). This is a salient issue in China, where there are concerns about auditors leaking information to related parties, and we observe variation in connectedness between brokerage houses and companies through shared auditors. We document that brokerage houses that share an auditor with a company issue comparatively more accurate earnings forecasts for that company. Next, cross-sectional variation in forecast accuracy is associated with several proxies for brokerage houses’ and auditors’ costs and incentives to share information (e.g., investor protection, media coverage, public listing status, and the client’s economic importance). Finally, auditors are more likely to secure future audits from IPO deals sponsored by brokerage house clients with higher forecast accuracy. Collectively, our evidence is suggestive of auditors sharing private information with brokerage houses in anticipation of reciprocity in the form of lucrative future engagements.
【报告人简介】
王宇，东北财经大学会计学院特聘优博，南京大学管理学博士。研究领域包括审计、分析师、公司治理、ESG等。相关成果发表（有条件接受）于Contemporary Accounting Research、Business Strategy and the Environment及《经济学季刊》《系统工程理论与实践》等国内外学术期刊。
【特别提醒】
请与会师生实名参会。未经论文作者和主办方允许，严禁将讲座内容录制并公开传播，违者将有可能被追究法律责任。
