• The Journal of Asian Finance, Economics and Business
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• 제8권2호
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• pp.243-253
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• 2021

This study aims to examine (1) the association between the chief executive officer tenure and audit quality, (2) the relationship between chief executive officer duality and audit quality, (3) the association between board independence and audit quality, (4) the relationship between board size and audit quality, and (5) the role of controlling variables (client size, leverage debt, and business complexity) in controlling these relationships. The research sample includes 325 financial reports from manufacturing firms listed in Amman Stock exchange over the 2014-2018 period. The study relationships are tested by using logistic regression. The results revealed a negative relationship, but not significant between CEO tenure and independent directors with audit quality. In addition, the results showed there is a negative effect of CEO duality on audit quality; also the results revealed that there is a statistically significant effect on the board of directors (board size) on the AQ. In general, the coefficient estimates of controlling variables show that client size and leverage debt positively affect audit quality, and on the contrary, business complexity has an insignificant positive relationship with audit quality. The summary of the study findings play an active role to external auditor opinion on business practice in towered the corporate governance system.

• 한국산학기술학회논문지
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• 제18권11호
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• pp.637-643
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• 2017

본 연구는 기업설명회(Investor Relations; IR) 개최기업의 회계이익의 질을 검증하였다. 이를 위해 회계이익-과세소득 차이 변동성(Book-Tax Difference Variability) 정보를 회계이익의 질 대리변수(proxy)로 활용하여 실증분석을 실시하였다. 연구표본은 2011년부터 2016년까지의 12월 결산 유가증권 상장기업 중 금융업을 제외한 2,106개 기업연도이다. 실증분석 결과는 다음과 같다. 기업설명회 개최여부 및 개최횟수는 모두 회계이익-과세소득 차이 변동성과 음(-)의 관련성을 나타냈다. 또한 연구결과의강건성을 위해 기업설명회를 개최한 연구표본만을 대상으로 한 추가분석에서도 기업설명회 개최여부 및 개최횟수는 회계이익-과세소득 차이 변동성과 음(-)의 관련성을 나타냈다. 따라서 본 연구에 의하면 기업설명회를 개최하거나 더 자주 개최하는 기업일수록 회계이익의 질이 높을 것으로 기대할 수 있다. 본 연구는 기업설명회 개최기업의 회계이익의 질을 회계이익-과세소득 차이 변동성 정보를 통해 검증함으로써, 기업설명회 관련 선행연구를 확장하였다. 또한 본 연구가 건전한 자본시장의 발전에 도움이 되기를 기대한다.

• 경영과학
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• 제12권2호
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• pp.129-146
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• 1995

As society's relience on computerized information systems to support a wide range of activities proliferates, the long recognized importance for adequate data quality becomes imperative. Furthermore, current trends in information systems such as dispersal of the data resource together with its management have increased the difficulty of maintaining suitable levels of data integrity. Especially, the importance of adequate accounting (transaction) data quality has been long recognized and many procedures (extensive and often elaborate checks and controls) to prevent errors in accounting systems have been introduced and developed. Nevertheless, over time, even in the best maintained systems, deficiencies in stored data will develop. In order to maintain the accuracy and reliability of accounting data at certain level, periodic internal checks and error corrections (internal audits) are required as a part of internal control system. In this paper we develop a general data quality degradation (error accumulation ) and cost model for an account in which we have both error occurrences and error amounts and provide a closed form of optimal audit timing in terms of the number of transactions that should occur before an internal audit should be initiated. This paper also considers the cost- effectiveness of various audit types and different error prevention efforts and suggests how to select the most economical audit type and error prevention method.

• The Journal of Asian Finance, Economics and Business
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• 제7권11호
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• pp.169-176
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• 2020

Business going concern is an important issue to be addressed since it determines how companies will survive. One indicator of the going concern problem is going concern opinion. The going concern opinion is a result of evaluation of auditors on going concern assumption of financial reporting. This research aims to examine the effect of opinion shopping, prior opinion, audit quality, and financial condition on going concern opinion. Research sample consists of 80 listed manufacturing companies on the Indonesian Stock Exchange surveyed between 2013 and 2017. Analysis data uses logistic regression. Based on the result, prior opinion affects going concern opinion, while opinion shopping, audit quality, and financial condition have no effect on going concern opinion. The significant effect of prior opinion on going concern opinion indicates that auditors consider the evaluation of the previous condition of companies' concern problematic since going concern is hard to be solved in a short-term period. This research provides recommendations for companies to increase their business ability so going concern problem can be avoided. This research also suggests to auditors to consider prior opinion to issue current opinion since previous companies' condition can be used as a general picture to initiate the auditing process.

• 한국융합학회논문지
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• 제8권1호
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• pp.187-193
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• 2017

본 연구에서는 회계정보의 질 대리변수로 회계이익-과세소득 차이 변동성을 활용하여 감사품질이 회계정보의 질에 미치는 영향을 검증하였다. 연구표본은 2010년부터 2014년까지의 유가증권 상장기업으로, 총 2,412 기업-연도이다. 본 연구의 분석결과는 다음과 같다. 분석결과, 감사품질을 회계이익-과세소득 차이 변동성과 음(-)의 관련성이 있는 것으로 나타났다. 이는 감사품질이 우수할수록 회계이익-과세소득 차이 변동성이 낮은 것으로, 감사품질이 우수할수록 회계정보의 질이 높음을 의미한다. 따라서 본 연구에 의하면 우수한 감사품질은 회계정보의 질 제고에 일정 부분 기여할 수 있을 것으로 기대된다. 본 연구는 급변하는 감사환경에서 감사품질에 대한 논란이 큰 이슈가 되는 현 시점에서, 수준 높은 외부감사의 효용을 제시함으로써 시의적절하며 외부감사가 자본시장의 파수꾼 역할을 하는 데에도 미약하나마 도움이 될 것으로 기대된다.

• 디지털융복합연구
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• 제14권12호
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• pp.111-120
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• 2016

외국회계감독기구인 PCAOB(Public Company Accounting Oversight Board)는 PCAOB 등록 회계법인에 대해 직접 해당국가에 방문하여 해당법인에 대한 감리를 수행한다. 국내 회계법인이 PCAOB에 해당 감사인이 등록할 경우에 국내뿐만 아니라 국외의 회계감독기구로부터 직접 품질관리 감리를 받을 가능성이 있으므로 자신의 감사와 관련된 품질시스템을 보다 더 세심하게 관리하게 될 것이다. 본 연구는 감사보수를 감사품질의 대용치로 하여 실증분석을 수행하였다. 본 연구의 가설검정을 위하여 회귀분석을 실시한 결과, 외국회계법인 제휴유무, 기업규모, 위험자산, 부채 레버리지, ROA, 그리고 주식시장관련 변수를 통제한 후에도 PCAOB 등록은 추가적으로 종속변수인 감사보수에 유의미한 설명력을 보였다. 이러한 결과는 외국회계감독기구인 PCAOB에 등록한 감사인은 그렇지 않은 감사인들 보다 양호한 감사품질을 제공할 것이라는 본 연구가설을 지지하며 향후 감사품질관리와 관련한 제도에 시사점을 준다고 하겠다.

• 융합경영연구
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• 제12권3호
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• pp.13-22
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• 2024

Purpose: While there has been extensive research on discretionary accruals (hereafter, 'DA') and accounting conservatism, interpretations have varied among researchers depending on how discretionary accruals are determined as proxies. This study investigates the relationship between discretionary accruals (DA) and accounting conservatism, focusing on the distinctions between signed DA and absolute DA. Research design, data and methodology: Using financial data from companies listed on the KOSPI and KOSDAQ markets from 2010 to 2020, we employ regression analysis to explore how signed and absolute DA impact accounting conservatism. This approach allows us to parse out the effects of positive versus negative discretionary accruals systematically. Results: Our findings indicate a divergent impact of DA on accounting conservatism. Specifically, in cases of negative DA, an increase in DA corresponds with heightened accounting conservatism. Conversely, when DA is positive, increases in DA do not exhibit a significant relationship with changes in accounting conservatism. These effects suggest that the nature of DA-whether it represents upward or downward earnings adjustments-critically influences its relationship with conservatism. Conclusions: The results elucidate the nuanced role of discretionary accruals in influencing accounting conservatism. The decrease in accounting conservatism associated with absolute increases in DA appears primarily driven by groups with downward earnings adjustments. This suggests that as negative DA diminishes toward zero, accounting conservatism intensifies, whereas positive DA does not have a parallel effect.

• 한국정보시스템학회지:정보시스템연구
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• 제11권2호
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• pp.1-25
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• 2002

This study is for the purpose of understanding User Satisfaction of Accounting Information System more closely by means of perceiving relations between Internal Controls and Quality. That is, this study is to assess Internal Controls and Quality and to connect those with User Satisfaction. This thesis is for the substantial study on whether Information Quality, System Quality, and Service Quality influenced by Internal Controls of Accounting Information System have an effect on User Satisfaction, when Internal Controls of Accounting Information System is good, The following hypothesis was made to achieve this purpose. First, Internal Controls will have an positive influence on Quality. Second, Qualify will positively affect User Satisfaction. Third, Internal Controls will positively Influence User Satisfaction. Fourth, Internal Controls will have a positive effect on User Satisfaction through Quality For the survey sample, this study gathered data on someone engaged in companies or organizations which have computer offices, and groups were differentiated between general staff and someone in charge of the computer office, and each group had different questions. In general, 622 of questions were distributed and 200 of the final valid samples were used for the substantial analysis. As the result of the study, the relations between Internal Controls and Quality are statistically significant. The relations between Quality and User Satisfaction ire also statistically significant. But the relations between Internal Controls and User Satisfaction are not statistically significant. Path Analysis was implemented to analyze the hypothesis on whether Internal Controls have an influence on User Satisfaction through Quality. When the result of analysis with Lisrel 8.5 was examined, index numbers(GFI, AGFI, RMR) representing the suitability of the model were enough to be taken and it is showed that there is the suitability of the model. Internal Controls of Accounting Information System can't have an influence on User Satisfaction with Quality. As the above hypothesis was rejected, Through Path Analysis, this study examined the influence which relations between Internal Controls and Quality, factors of User Satisfaction, have on User Satisfaction, and is very meaningful in terms of the first trial. And on the point of time when there are little studies on the effect analyses between Internal Controls and Quality, this study would be the promoter for the future. The limitation on this study is to analyze only mutual effects between factors by choosing Internal Controls, Quality, and User Satisfaction as survey variables. The study which measure items with precision which are related to each variable and understand measurement factors clearly should be implemented.

• International Journal of Advanced Culture Technology
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• 제12권1호
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• pp.293-298
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• 2024

The purpose of an internal control system is to prevent the occurrence of errors and fraud in the process of producing accounting information, thereby providing investors with reliable information. For the effective operation of an internal control system, it is necessary to secure a sufficient number of personnel and experienced staff. This study focuses on the personnel directly involved in producing accounting information, examining whether companies that invest in their internal control staff experience a mitigation in the phenomenon of valuation errors. The analysis revealed that the size and experience months of the personnel responsible for internal control have a significant negative relationship with valuation errors. This result implies that by securing sufficient personnel for the smooth operation of the internal control system and placing experienced staff within the system, investors can effectively make judgments about the intrinsic value based on quality accounting information, thereby reducing valuation errors.

• 산경연구논집
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• 제10권5호
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• pp.77-86
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• 2019

Purpose - The present study examined the reliability of accounting information based on the pay slice (CPS) information of chief executive officers (CEOs) in the service industry. The difference in the size of CPS under the capitalist system can be used as an index to gauge the influence of top management. Research design, data, and methodology - In accordance with the amendment of the Financial Investment Services and Capital Market Act in 2013, the pay information of individual registered executives with annual salary of more than 500 million won has been disclosed. The sample of the current study is 232 companies listed on the Korea Exchange excluding financial services from 2013 to 2015, when the individual pay-slice information for registration officers was published in the business report in accordance with the revision of the Capital Market Act. The financial data required for this study were extracted from the FnGuide and the TS-2000. With the data, we tested the relationship between CPS and accounting information reliability through a linear regression analysis. Results - The first result showed that the relationship between the CPS and human resource in internal accounting control system in the service industry is significantly negative only with the accounting department personnel. This result implied that the CEO can negatively affect the retention of the accounting department in the firm. Second, both the CPS and quality of audit in the service industry are negatively related both to audit fees and to audit time. Nonetheless, the relationship between the number of the auditor and the CPS is insignificant. This result indicated that the CEO can negatively affect audit fees and audit time of external auditors. The results of the present study suggested that CPS information may have a negative impact on the reliability of accounting information. Conclusion - This study is the first study to examine the reliability of CPS and accounting information for the service industry in terms of human resources in internal accounting control system and audit quality. Therefore, the present study is expected to provide some useful information to economic decision-making of various external parties for service firms.