導入IAS 40對審計公費之影響 (The Effect of IAS 40 on Audit Fees)

Journal of Accounting Review 69: 43-82.

40 Pages Posted: 15 Oct 2019

See all articles by Chan-Jane Lin

Chan-Jane Lin

National Taiwan University - College of Management

Hsuan-Pin Wang

Tamkang University; Tamkang University

Date Written: July 1, 2019

Abstract

Chinese Abstract: 國際會計準則第40號「投資性不動產」(簡稱IAS 40)允許企業在投資性不動產之會計處理方面有兩個選擇:(1)關於後續衡量基礎,企業可選擇公允價值模式或成本模式;(2)關於公允價值之依據來源,企業可選擇外部鑑價或企業內部自行評估。本研究以我國導入IAS 40為例,探討前述雙重選擇對於會計師公費之影響。本研究實證結果發現,當企業以成本模式作為後續衡量基礎時,採用外部鑑價有助於減緩審計公費增漲之幅度或使審計公費呈現相對減少之趨勢。惟企業若選擇外部鑑價時,採用公允價值模式並未顯著增加審計公費。本研究實證結果對我國非金融資產導入公允價值會計對審計公費之影響提供初步證據。

English Abstract: International Accounting Standard 40 (IAS 40) permits firms to have dual choices about the accounting for investment property: (1) For measurement subsequent to initial recognition, firms can choose between a fair value model and a cost model; (2) For fair value determination, firms can choose to employ external appraisers or determine the values themselves. Using Taiwanese data, this study examines the effect of the above choices on audit fees after the adoption of IAS 40. The empirical results show that the audit fees of firms using cost model exhibit a relative decrease or smaller increase if they hire external appraisers, while the audit fees of firms employing external appraisers are not significantly increased if they choose a fair value model. This paper provides preliminary evidence as to the effect on audit fees of implementing fair value accounting for nonfinancial assets.

Note: Downloadable document is in Chinese.

Keywords: Investment property, External appraisal, Fair value model, Audit fees

JEL Classification: M42

Suggested Citation

Lin, Chan-Jane and Wang, Hsuan-Pin, 導入IAS 40對審計公費之影響 (The Effect of IAS 40 on Audit Fees) (July 1, 2019). Journal of Accounting Review 69: 43-82., Available at SSRN: https://ssrn.com/abstract=3458732

Chan-Jane Lin

National Taiwan University - College of Management ( email )

Department of Accounting
1 Roosevelt Rd. Sec. 4
Taipei 106
Taiwan
886-2-3366-1115 (Phone)
886-2-2363-3640 (Fax)

Hsuan-Pin Wang (Contact Author)

Tamkang University ( email )

No.151, Yingzhuan Rd
Taiwan, Taipei Hsien 25137
Taiwan

Tamkang University ( email )

No.151, Yingzhuan Rd
Taiwan, Taipei Hsien 25137
Taiwan

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