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PhD student Zeng Qingmei from the School of Accounting gave an academic lecture titled Research on Regulatory Spillover Effects of IPO Random On-Site Inspection: Based on the Perspective of Audit Linkage at the Hengrui Lecture Hall on August 11th. The lecture was hosted by Xiong JiaCai, Vice Dean of the School of Accounting, and attended by several teachers and graduate students from the school. 
To begin with, Zeng introduced the reform history of the accounting registration system in recent years. Based on the investigation data and withdrawal ratios of IPO companies from 2013 to 2022, she pointed out that IPO random on-site inspections have a significantly greater impact on real businesses. Using related literature on regulatory spillover effects, Zeng constructed a research framework for examining the effect of IPO random on-site inspection on the quality of accounting information. The proposed research not only offers theoretical support for comprehensive regulatory pre-positioning under the registration system but also provides practical empirical evidence for the integrated construction of accounting firms. Zeng's paper took all A-share listed IPO enterprises from 2014 to 2021 as research objects and used annual observation values to investigate the regulatory spillover effects of IPO random on-site inspection. With benchmark regression, robustness testing, and mechanism testing, four conclusions were reached: Firstly, IPO random on-site inspection improves auditors' risk perception and professional competence, thereby improving the quality of audit for other unaudited companies. Secondly, the spillover effect of IPO random on-site inspection is more significant within the same branch of the accounting firm. Thirdly, when the accounting firm has lower industry expertise and smaller size, it can absorb relevant experience through IPO random on-site inspection to improve its professional competence, and the spillover effect of IPO random on-site inspection caused by audit linkage is also stronger. Finally, IPO on-site inspection improves the accounting firm's quality control ability, thereby increasing the success rate of other IPO projects it undertakes. 
After the lecture, some teachers exchanged ideas with Zeng about the lecture's content. The lecture provided new insights for academic research on the regulatory spillover effects of IPO audits and played a certain role in promoting the academic research of the School of Accounting.
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