本文旨在探討會計師發生審計失敗時，該查核會計師之低品質審計服務是否會對其他未發生審計失敗客戶之盈餘品質造成影響，進而影響其會計資訊之價值攸關性。更進一步針對發生審計失敗之會計師，探討會計師之查核經驗，是否會影響審計失敗傳染效果對會計資訊價值攸關性之關係。實證結果發現當會計師發生審計失敗時，該查核會計師會造成其他未發生審計失敗客戶之盈餘價值攸關性下降；權益帳面價值之價值攸關性方面則是因為「抵換作用」大於「連結效果」之作用，因此權益帳面價值之價值攸關性會上升。進一步針對當年度係由發生審計失敗會計師查核之公司為樣本，加入會計師查核經驗之變數後，結果發現會計師之查核經驗會使其他未發生審計失敗客戶的盈餘價值攸關性上升；權益帳面價值攸關性則是因為「連結效果」大於「抵換作用」，所以權益帳面價值之價值攸關性也會上升。本研究將樣本替換為副簽會計師、或主副簽中至少有一位會計師發生審計失敗並進行敏感性測試，除副簽樣本之假說二的盈餘價值攸關性、主副簽樣本之假說一的權益帳面價值攸關性，及假說二的盈餘價值攸關性外，其實證結果與主測試大致相符。

The purpose of this article is to discuss whether the low-quality audit services of the auditor will affect the earnings quality of other clients who have not failed the audit, and then affect the value-relevance of their accounting information. Furthermore, for auditors who have audit failures, we will discuss whether the auditor’s experience in auditing will affect the relationship between the impact of audit failure and the value-relevance of accounting information. The empirical results show that when the auditor of audit-failure will cause the significant negative impact on the earnings value-relevance of other clients who have not audit-failure,and the aspect of the equity-book-value of value-relevance is due to the “trade-off effect’’ is greater than “linkage effect’’, therefore, the equity-book-value of value-relevance is the a significant positive impact. Further to the current year is based on the company is audited by the auditor of audit-failure as sample, and adding the variables of the auditor’s experience in auditing, it was found that the auditor’s experience will cause the significant positive impact on the earnings value-relevance of other clients who have not audit- failure,the value relevance of equity-book-value is related to the “linkage effect’’ is greater than “trade-off effect’’, so there is a significant positive impact on the value-relevance of equity-book-value. For the sensitivity tests also conducted co-signing, or at least one auditor has audit-failure, in addition to the hypothesis 2 of the co-signing sample, the equity book value of the hypothesis 1 of the at least one auditor has audit-failure sample, the empirical results were similar to the main test.

目錄
緒論
第一節 研究背景與動機	1
第二節 研究目的	5
文獻探討與假說發展
第一節 傳染效果	6
第二節 查核經驗	10
第三節 價值攸關性	12
第四節 假說建立	15
第參章 研究設計
第一節 研究架構	20
第二節 變數衡量與實證模型	21
第三節 資料來源與樣本選擇	26
第肆章　實證結果與分析
第一節 敘述性統計	28
第二節 相關係數分析	31
第三節 迴歸分析	33
第四節 敏感性分析	38
第伍章　結論與建議
第一節 研究結論	45
第二節 研究貢獻及限制	47
參考文獻
中文部分	48
英文部分	50
表目錄
表3-1 樣本篩選過程	26
表3-2 樣本年度分布表	27
表3-3 樣本產業分布表	27
表4-1 敘述性統計表	30
表4-2 相關係數表	32
表4-3 審計品質之傳染效果對會計資訊價值攸關性之迴歸結果	34
表4-4 審計失敗會計師之查核經驗對傳染效果與會計資訊價值攸關性之迴歸結果	37
表4-5 副簽會計師審計品質之傳染效果對會計資訊價值攸關性之迴歸結果	41
表4-6 副簽會計師之查核經驗對傳染效果與會計資訊價值攸關性之迴歸結果	42
表4-7 主、副簽審計品質之傳染效果對會計資訊價值攸關性之迴歸結果	43
表4-8 主、副簽之查核經驗對傳染效果與會計資訊價值攸關性之迴歸結果	44

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