從風險貼水看私立大專院校審計服務價值

Risk Premium Perspective-Audit Value of the Private Collegesand Universities in Taiwan

This study features itself by collecting first-hand audit fee data from auditedfinancial statements of private colleges and universities directly for the 2001-2003academic years and partial for 1998-2000 academic years. From risk premiumstandpoint, the audit service value can be inferred that the greater intention the auditeeare likely to commit fraud, the higher the audit service would be valued while the auditwork can effectively prevent fraud occurrence. We defined fraudulent organization asthe school has ever experienced defect. The results are consistent with our expectation,suggesting that there is a positive association between fraudulent organizations andaudit fees after controlling variables Big 4, industry specialist, size and complexity ofschools and audit risk. These findings show that audit service value is driven by howeffective the audit work is conducted. It means, the more the fraudulent schools aredetected, the greater the audited information as well as audit serviced are priced. 審計公費研究之主要障礙在於審計公費之取得，與過去研究最主要不同之處，本研究直接取得私立大專院校2001至2003學年度由政府招標會計師查核財務報表之審計公費及1998至2000學年度部分學校審計公費。從風險貼水推論審計服務價值，當被審計組織舞弊傾向愈大時，若審計工作能有效遏阻舞弊發生，則審計資訊價值愈大。將曾經發生違失案件學校定義為有舞弊傾向組織。實證結果顯示曾出現違失學校，在控制了四大、產業專家、規模、風險、複雜度等可能影響因素後，結果與本研究推論一致，有舞弊傾向組織與審計公費呈正相關。當被審計學校存在舞弊傾向時會計師事務所的審計價值較高，當被審計組織舞弊傾向（高估機率）愈大時（愈不對稱時），且審計能有效遏阻舞弊之發生時，則審計之資訊價值愈大。