【讲座时间】2022年4月26日 14:00
【参与方式】线上（中目）
【讲座主题】Auditor Reputation Concerns, Human Capital Investment, and Audit Quality
【嘉宾介绍】 吴 弘 ，复旦大学，助理教授
吴弘现为复旦大学经济学院国际金融系助理教授，博士毕业于美国匹兹堡大学经济系。加入复旦前在香港理工大学会计金融学院担任助理教授（2015-2019）。研究兴趣为公司金融和会计，特别关注劳动力在金融和会计中的应用。论文发表在the Accounting Review, Journal of Financial and Quantitative Analysis和 Games and Economic Behavior等国际权威期刊上。
【内容提要】
This paper examines audit offices’ human capital investment in response to a reputation loss and the resulting effect on audit quality. We document that after client restatement announcements, audit offices attempt to acquire human capital and talent by posting more audit-related job positions. The increase in job postings is concentrated among more senior and experienced positions, and follows restatements with negative market reactions. It is not driven by replacement hiring due to auditor departures and is associated with more auditors joining the office. Audit personnel salaries also increase in response to client restatement announcements. These human capital investments reduce the contagion effect of low-quality audits and the losses in local market share, supporting improvements in audit quality and auditor reputation.
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