The Impact of Director Executive Liability Insurance on Audit Pricing
Take Yanzhou Coal Industry as An Example
DOI:
https://doi.org/10.54097/fbem.v10i3.11201Keywords:
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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