时间：2016年12月9日（周五）8:30-10：00
地点：嘉庚二号楼501教室
题目：Joint audit, audit market structure, and consumer surplus
报告人：Aiyong Zhu, Assistant Professor, Wuhan University
主持人：胡金帅，厦门大学财会研究院副院长，副教授
论文摘要：
We use a structural application of the discrete choice model to investigate how the introduction of a joint audit policy would affect audit market structure and consumer surplus. We perform this policy evaluation by identifying demand fundamentals in a joint audit regime and applying them to a single audit regime. We find that a joint audit requirement has the potential to change the audit market structure substantially but that the effects are sensitive to the specific policy design. For example, small audit firms gain market share in a joint audit regime but only if an equal sharing of the workload between the two joint auditors is not required. Our counterfactual analysis reveals that the introduction of a joint audit regime would be associated with a substantial loss of consumer surplus. The loss results from restricting clients from giving all of the audit work to their most preferred audit firm, but it is partly offset by gains in consumer surplus deriving from the opportunity to choose the best combination of auditor pairs. Our policy evaluation should be of interest to regulators, audit firms, and audit clients.
报告人简介：
Dr. Zhu got his Ph.D., master, and bachelor in Economics in University of Mannheim, Fudan University and Dalian Maritime University respectively. He was visiting PhD in Yale University in 2010-2011. His research field includes Empirical Industrial Organization, Applied Microeconomics and International Trade. He has publications in The Annals of Regional Science, Urban Studies, and etc.