The Impact of Director Executive Liability Insurance on Audit Pricing

Take Yanzhou Coal Industry as An Example

Authors

  • Sha Lan
  • Songmin Li

DOI:

https://doi.org/10.54097/fbem.v10i3.11201

Keywords:

Director executive liability insurance, Audit pricing.

Abstract

On April 3,2020, the news that Ping An Insurance of China responded to Luckin Coffee's claim for director liability insurance triggered a discussion about director liability insurance. Since 2002, more and more enterprises in China buy director liability insurance. So what is the impact of director liability insurance on enterprises? Can director liability insurance play its role, reduce the risk of enterprise fraud, and then reduce audit costs? Many scholars have studied this, but they have not reached a unified conclusion. This paper analyzes the case companies and studies the impact path of director liability insurance, and finds that director liability insurance can reduce the audit pricing.

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References

Yueling Zhang ,Xiaojing Zhao, Zheng Tang. Director and executive liability insurance, internal control and audit expenses[J]. Friends of accounting, 2022,No.07:121-127.

Hui Yao,Kai Gao. Study on the impact of director executive liability insurance on audit expenses [J]. Guide to Economic Research,2022,No.13:105-107.

Qiyang Li. Study on the influence of director and executive liability insurance on the audit pricing of accounting firms (MS. Harbin University of Commerce,China ,2022).

Shixian Ling. Director executive liability insurance and audit costs: supervision, incentive or connivance?—— Empirical study based on China's A-share experience data [J]. Audit and economic research,2020,35,No.1:51-60.

Chunhua Zeng,Yuan Li. Will the director and executive liability insurance increase the company's audit expenses?[J]. Audit and economic research,2018,33,No.4:46-54.

Rongli Yuan,Ruijing Li,Baixing Li. Director and executive liability insurance and audit expenses [J]. Audit research, 2018, No.2:55-63.

Ziyuan Wu. Study on the impact of director executive liability insurance on audit expenses (MS. Hefei University of Technology, China, 2018)

Yuan Li. Director and executive liability insurance and audit expenses (MS. University Of Hainan, China, 2018)

Xiu Jin. Study on the impact of director executive liability insurance on audit expenses (MS. Shanxi Finance and Economics University, China, 2019)

Jishuai Chai. Study on the influence of director executive liability insurance on the quality of accounting information (MS. Zhengzhou University,China,2021)

Ruiming Yang. Study on the influence mechanism of director executive liability insurance on audit fee (MS. Beijing Jiaotong University, China,2021)

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Published

22-08-2023

Issue

Section

Articles

How to Cite

Lan, S., & Li, S. (2023). The Impact of Director Executive Liability Insurance on Audit Pricing: Take Yanzhou Coal Industry as An Example. Frontiers in Business, Economics and Management, 10(3), 7-12. https://doi.org/10.54097/fbem.v10i3.11201

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