处罚力度是否会提高审计师对关键审计事项的披露程度?OA

In order to explore the relationship between the regulatory penalty effect of China Securities Regulatory Commis-sion(CSRC)and the effectiveness of the implementation of the new audit standards,taking the auditors punished by CSRC from 2016 to 2021 as the research object,the PSM method was used to empirically analyze the impact of penalty intensity on the adequacy of the disclosure of key audit matters from the law enforcement and legislative levels.The results show that the administrative penalties imposed by the China Securities Regulatory Commission on auditors will increase the risk of further punishment and litigation,and damage their reputation;in order to reduce the risk and restore their reputation,the auditors will make more efforts;therefore,the greater the enforcement penalty,the higher the adequacy of auditors'disclosure of key audit matters.Since the new Securities Law significantly increases the punishment intensity at the legislative level and enhances the auditor's responsibility perception,the revision of the new Securities Law strengthens the positive impact of the enforcement punishment intensity on the adequacy of the disclosure of key audit matters.Further analysis shows that in the samples with high regional legal environment,auditors with industry expertise and analysts'attention,the impact of law enforcement punishment on the adequacy of disclosure of key audit matters is more significant.The paper provides more empirical evidence for the effectiveness of administrative punishment and the policy effectiveness of the new Securities Law,and also provides a path for promoting the reform of the new audit reporting standards.