In this study, using a large sample of firms from 27 countries around the world, we examine the relationship between disaggregated earnings forecasts and audit fees. We find that the positive association between management earnings forecasts and audit fees in prior studies is primarily driven by firms issuing management forecasts that contain disaggregated performance measures. We further find that better developed country-level institutions can weaken the positive relation between disaggregated earnings forecasts and audit fees. Taken together, our findings support the important role of disaggregated earnings forecasts in signalling the credibility of prospective financial information provided by firms and shed light on the debate over the positive association between management earnings forecasts and audit fees.

中文翻译：

---

管理层盈利预测分解和审计费用：国际证据

在这项研究中，我们使用来自全球 27 个国家/地区的大量公司样本，研究了分解收益预测与审计费用之间的关系。我们发现，在先前的研究中，管理层盈利预测与审计费用之间的正相关主要是由发布包含分解绩效指标的管理预测的公司驱动的。我们进一步发现，较发达的国家级机构可以削弱分解收益预测与审计费用之间的正相关关系。总之，我们的研究结果支持分解收益预测在表明公司提供的预期财务信息的可信度方面的重要作用，并阐明了关于管理层收益预测与审计费用之间正相关的辩论。