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东财·会计与财务论坛：孙弋程
报告题目：Impaired Auditor Reputation in the PwC Evergrande Audit Scandal
报告人：孙弋程
报告时间：2025年12月25日（周四）10:00-11:30
报告地点：#腾讯会议：622-586-806
主办单位：东北财经大学会计学院 辽宁省资本市场财务与会计研究生创新与学术交流中心
【报告摘要】
This study investigates the reputational impacts on PwC clients in the Chinese A-share market of the PwC Evergrande audit scandal. By using an event-study approach and leveraging shared reputational damage both in Hong Kong stock market and mainland China stock market, we observe a more significant and negative CAR for PwC’s clients than for other Big 3’s clients during the most reputational-damaging scandal events in the Chinese A-share market. By ruling out confounding effects such as PwC’s disproportionate share of real estate clients and combining results from ERC and cost of debt analysis, we attribute the evidence on PwC clients to PwC’s impaired auditor reputation. Moreover, we find that the reputational impacts are concentrated among PwC’s economically important clients, suggesting a distinct reputational contagion mechanism in China. We also illustrate that the negative impact of impaired auditor reputation can spill over to other Big 3 accounting firms as well as from clients in close proximity to Guangzhou branches to those audited by branches located far away. Overall, our study contributes to the study of significant economic impacts of impaired auditor reputation in an emerging market context.
【报告人简介】
孙弋程，香港理工大学会计与金融学博士生，主要研究领域包括审计声誉、ESG、公司金融、金融科技等。已在《International Review of Financial Analysis》《Economic Modelling》《The North American Journal of Economics and Finance》《Finance Research Letters》等国际知名期刊发表多篇论文。其研究成果入选2026年夏威夷会计研究会议（HARC）、2025年金融管理学会（FMA）年会、2023年亚洲金融学会（Asian FA）年会等学术会议。此外，她曾在安永会计师事务所担任高级审计员，具有丰富的实务工作经验。
【特别提醒】
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。
撰稿：郭亚飞 初审：刘冰 复审：袁歆 终审：许浩然
单位：东北财经大学会计学院 辽宁省资本市场财务与会计研究生创新与学术交流中心
