디지털융복합연구 (Journal of Digital Convergence)

  • 제15권11호
  • /
  • Pages.167-174
  • /
  • 2017
  • /
  • 2713-6434(pISSN)
  • /
  • 2713-6442(eISSN)
한국디지털정책학회 (The Society of Digital Policy and Management)
권호 표지
DOI QR코드

DOI QR Code

저가수임으로 인한 감사품질 감소에 미치는 영향

The Effect of Audit Fee Dumping on the Audit Quality

  • 투고 : 2017.09.27
  • 심사 : 2017.11.20
  • 발행 : 2017.11.28
PDF 다운로드
⟨ 이전 논문 다음 논문 ⟩

초록

최근 우리나라 기업의 회계투명성에 대한 불신이 심각한 상황이다. 회계투명성에 대한 불신은 기업의 자본조달비용을 증가시키므로 수익성을 악화시킨다. 감사업계는 낮은 회계투명성의 원인을 감사인과 피감사기업 간의 수의계약으로 보고 있다. 피감사기업이 감사인을 고용하면서 낮은 감사보수를 요구하며, 이론적으로 낮은 감사보수는 감사자원 투입의 저하를 초래하여 감사품질을 감소시킨다. 그러나 이에 대한 실증적 증거는 전무한 상황이다. 본 연구에서는 연도-산업별로 감사보수가 평균보다 낮은 감사인을 저가수임 감사인으로 선정하고, 이러한 감사인들의 감사품질이 상대적으로 낮은지를 검증하였다. 연구 결과, 저가수임 감사인으로부터 감사를 받은 피감사기업의 재량적 발생액이 상대적으로 높은 것으로 나타났다. 이러한 결과는 저가수임이 감사품질에 부정적 영향을 미치는 것으로 해석할 수 있다. 본 연구는 감사보수와 관련된 여러 정책개발에 실증적 증거로 제시될 수 있다.

These days, people distrust the accounting transparency of firms in Korea. It can .increase the capital costs and reduce profitability of firms. Auditors say that one of causes on the low grades of the accounting transparency is free contracts between auditors and firms. Firms want auditors take low audit fees. In principle, if auditors take low audit fees, they cannot input auditor resources to proper audit. However, there are not any empirical evidence about the relation between the audit fees dumping and the audit quality. This study defines dumping auditors if their audit fees are lower than the average of industries, and examines whether these auditors showed low audit qualities or not. As a result, firms which are audited by dumping auditors presented low abnormal accruals. We can interpret this result as that dumping auditors have low audit qualities. This result helps to make policies to improve the accounting transparency of firms.

키워드

참고문헌

  1. Becker, G. L., M. L. Defond, J. Jiambalvo, and K. R. Subramanyam, "The Effect of Audit Quality on Earnings Management", Contemporary Accounting Research, Vol. 15, No. 1, pp. 1-24, 1988. https://doi.org/10.1111/j.1911-3846.1998.tb00547.x
  2. Baek, J. H. and J. S. Choi, "The Effect of Transaction to the Related-Party on the Earnings Management by Considering Controlling Shareholders Ownership", Journal of Digital Convergence, Vol 15, No. 1, pp. 209-216, 2017. https://doi.org/10.14400/JDC.2017.15.1.209
  3. DeAngelo, L., "Auditor Size and Audit Quality", Journal of Accounting and Economics, Vol. 3, No. 3, pp. 183-199, 1981. https://doi.org/10.1016/0165-4101(81)90002-1
  4. Dechow, P., R. Sloan, and A. Sweeney, "Detecting Earnings Management", The Accounting Review, Vol. 70, No. 2, pp. 193-225, 1995.
  5. Francis, J. R. and J. Krishnan, "Accounting Accruals and Auditor Reporting Conservatism", Comtemporary Accounting Research, Vol. 16, No. 1, pp. 135-166, 1999. https://doi.org/10.1111/j.1911-3846.1999.tb00577.x
  6. Jones, J. J., "Earnings Management During Import Relief Investigation", Journal of Accounting Review, Vol. 29, No. 1, pp. 193-228, 1991. https://doi.org/10.2307/2491047
  7. Kim, J. W. and Y. W. Ko, "A Comparison of Audit Fees in Korea and the United States", Korean Accounting Journal, Vol. 26, No. 3, pp. 219-243, 2017. https://doi.org/10.24056/KAJ.2017.06.002
  8. Kothari, S. P., and A. J. Leone, and C. E. Wasley, "Performance Matched Discretionary Accruals Measures", Journal of Accounting Research, Vol. 37, No. 1, pp. 163-197, 2005.
  9. Kwon, S. Y. and M. C. Kim, "Determinants of Audit Fee and Effect of Audit fee Deregulation", Korean Accounting Review, Vol 26, No. 2, pp. 115-143, 2001.
  10. Kwon, S. Y., M. C. Kim, and T. J. Jung, "The Effect of Audit Hours and Audit Quality on Audit Fees", Korean Accounting Review, Vol 30, No. 4, pp. 47-76, 2005.
  11. Lee, S. S., "A Study on Audit Quality and Audit Fee", Korean Accounting Review, Vol. 24, No. 3, pp. 53-113, 1999.
  12. Ma, H. Y., S. Y. Kwon., and J. Y. Jeong, "A Case Study on Audit Quality using Abnormal Audit Fees and Abnormal Audit Hours", Korean Accounting Journal, Vol. 21, No. 1, pp. 259-287, 2012.
  13. Moon, H. J., "A Comparison of Earnings Quality between KOSPI Firms and KOSDAQ Firms", Journal of Digital Convergence, Vol 15, No. 1, pp. 129-141, 2017. https://doi.org/10.14400/JDC.2017.15.1.129
  14. Rho, J. H., "Audit Fee and Compilation Services: Problems and Solutions", Korean Accounting Journal, Vol. 24, No. 3, pp. 297-326, 2015.
  15. Simmunic, D., "The Audit Services Market: Additional Empirical Evidence", Auditing: A Journal of Practice and Theory, Vol 18, No. 1, pp. 161-190, 1980.
  16. Son, S. K., Y. Y. Lee., and Y. I. Shin, "Research on Audit Hour by Rank, Audit risk, and Audit Quality", Study on Accounting, Taxation and Auditing, Vol. 44, pp. 335-362, 2006.
  17. Yoon, M. and J. S. Lee, "The Effect of PCAOB on Auditing Fee", Journal of Digital Convergence, Vol 14, No. 2, pp. 111-120, 2016.