摘要
本研究旨在評估企業社會責任 (corporate social responsibility) 是否有助於改善財務報表品質。財務報表品質的代理變數眾說紛紜，本文則以財報重編(restatement)來代理財報品質，因財報重編確實是一明顯的財報減損現象，故以其代替財報品質，應屬允當。除此之外，本研究進一步探究企業社會責任與審計公費之關聯性，希冀透過本研究的深度分析，進一步瞭解企業社會責任對審計公費之影響。

本研究之樣本係從FTSE All-World Developed指數中被收錄於FTSE4GOOD US指數的公司，定義為企業社會責任公司，未被收錄的美國公司則定義為非企業社會責任公司。在控制了審計公費與公司治理變數後，實證結果顯示企業社會責任卻能有效提高財務報表品質，減少財報重編的情形，但從事企業社會責任也提高了審計公費。經本研究深入分析後，發現企業社會責任公司的財報重編情形較少，主要原因為企業社會責任公司較重視名聲與財報品質，凡可能會造成公司名譽減損或財報品質不佳的情形，都會盡量予以避免，而公司為了減少這些情形，也願意支付更高的審計公費、讓專家為其把關，故企業社會責任公司的審計公費也較其他公司高。

Abstract

This study examines whether corporate social responsibility (CSR) mitigates the likelihood of a financial statement restatements. I focus on restatements because it is one of the most visible forms of reporting failures and should be a good proxy for low financial reporting quality. This study also investigates whether social responsible companies pay higher fees to their auditors. Though examining the relation between CSR and audit fees, this study tries to explore whether socially responsible companies make greater investment in external audit services.

By using the constituents in the FTSE4GOOD US Indexes as my CSR samples. I find that CSR companies are less likely to restate statements after controlling for audit fees and corporate governance. I also find that CSR companies pay higher audit fees. These results are consistent with CSR companies having an important effect on financial reporting quality.

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