감사인측 전문가 투입시간이 감사품질에 미치는 영향
The Impact of Audit Hours by Auditors’ Specialist on Audit Quality
0
조회
0
다운로드
0
인용
0
참고문헌
키워드
초록
[연구목적] 본 연구는 감사인측 전문가 투입시간과 감사품질 간의 관계를 검토하고, 이들의 관계가 회계법인 크기 및 전문가 투입시간의 전기 대비 변화에 따라 차별적으로 나타나는지 살펴본다. [연구방법] 본 연구는 2014년부터 2021년까지 국내 유가증권시장과 코스닥시장 상장기업들을 대상으로 분석하였다. 종속변수는 수정된 Jones 모형(Dechow et al. 1995)의 재량적 발생액과 Kothari et al.(2005)의 성과통제 재량적 발생액으로 감사품질을 측정하였고, 관심변수는 전문가 활용시간으로 설정하였다. 회귀계수의 유의성을 보수적으로 측정하고자 one way－clustering을 적용하였다. [연구결과] 연구결과는 다음과 같다. 첫째, 전문가 투입시간은 감사품질과 유의한 양(＋)의 관계로 나타났다. 둘째, 이러한 양(＋)의 관계는 Big4 회계법인을 선임한 기업의 표본군에서만 보이는 것을 확인하였다. 셋째, 전기 대비 당기 전문가 투입시간이 증가한 경우에만 전문가 투입시간과 감사품질 간 양(＋)의 관계가 나타났다. [연구의 시사점] 본 연구는 대부분의 회계정보가 전산화되고 공정가치평가와 전산감사의 중요성이 높아진 현 시점에 전문가 활용에 대한 필요성을 제시함으로써 시의적절하다. 더 나아가 본 연구결과를 통해 규제당국의 전문가 활용에 대한 표준지침 개발에 기여할 것으로 기대된다.
Abstract
[Purpose] This study explores the relationship between audit hours by auditors’ specialists and audit quality, assessing whether this relationship varies depending on the size of the audit firm and the changes in time spent by auditors’ specialists compared to the previous period. [Methodology] The analysis encompasses companies listed on both KOSPI and KOSDAQ market from 2014 to 2021. The dependent variables are discretionary accruals from the modified Jones model(Dechow et al. 1995) and Kothari et al. (2005), with audit quality measured using performance－adjusted discretionary accruals. The variable of interest is the audit time spent by auditors’ specialists. One－way clustering is employed to conservatively estimate the significance of the regression coefficients. [Findings] The findings are as follows: First, a significant positive relationship is observed between time spent by auditors’ specialists and audit quality. Second, this positive relationship is specifically evident in the sample group of firms that engaged Big 4 audit firms. Third, a positive relationship between auditors’ specialists time and audit quality is only observed when there is an increase in time spent by auditors’ specialists compared to the previous year. [Implications] By highlighting the importance of auditors’ specialists in an era where most accounting information is computerized and the significance of fair－value valuation and IT audit has escalated, this study is timely. Moreover, the findings are anticipated to aid in the development of standard guidelines for auditors’ specialists involvement by regulatory bodies.
참고문헌 (37)
- 권수영, "감사시간과 감사보수가 이익조정에 미치는 영향", 회계학연구, 31(4), pp.175~201 (2006)
- 금융감독원, "‘회계감사업무시 전문가 평가의견 활용 관련’ 회계감독강화", 보도자료, ~ (2019)
- 김용수, "직급별 감사시간이 감사품질 및 감사보수에 미치는 영향", 경영학연구, 45(4), pp.1339~1376 (2016)
- 문태형, "직급별 감사투입시간과 감사품질(재량적 발생액)에 관한 연구", 회계정보연구, 35(4), pp.111~129 (2017)
- 박종일, "감사팀의 구성, 감사보수 및 재량적 발생액의 관계: 직급별 감사자료를 중심으로", 한국회계학회 학술발표논문집, 2022(2), pp.1~43 (2022)
- 박종일, "시간당 감사보수의 증가가 감사품질을 향상시키는가?", 회계·세무와감사 연구, 64(3), pp.197~248 (2022)
- 배길수, "품질관리검토시간을 통한 감사위험에 대한 감사인의 차별적 대응", 회계학연구, 40(6), pp.81~117 (2015)
- 손성규, "직급별 감사투입시간과 감사위험 및 감사품질과의 관련성에 관한 연구: 파트너 감사투입시간을 중심으로", 회계·세무와 감사연구, (44), pp.335~362 (2006)
- 조연주, "표준감사시간제도 도입이 감사품질에 미치는 영향", 회계학연구, 47(2), pp.239~277 (2022)
- 최승욱, "파트너 업무량과 감사품질 및 직급시간 사이의 관계", 회계학연구, 45(3), pp.35~61 (2020)
- 한국공인회계사회, "감사기준서 620 감사인측 전문가가 수행한 업무의 활용", ~ (2022)
- Barth, M. E., "Including estimates of the future in today’s financial statements", Accounting Horizons, 20(3), pp.271~285 (2006)
- Becker, C. L., "The effect of audit quality on earnings management", Contemporary Accounting Research, 15, pp.1~24 (1998)
- Bedard, J. C., "Material weakness remediation and earnings quality : A detailed examination by type of control deficiency", Auditing : A Journal of Practice & Theory, 31(1), pp.57~78 (2012)
- Bell, T. B., "Audit firm tenure, non-audit services, and internal assessments of audit quality", Journal of Accounting Research, 53(3), pp.461~509 (2015)
- Boritz, J. E., "Auditors’ and Specialists’Views About the Use of Specialists During an Audit", Behavioral Research in Accounting, 32(2), pp.15~40 (2020)
- Brazel, J. F., "An examination of auditor planning judgements in a complex accounting information system environment", Contemporary Accounting Research, 24(4), pp.1059~1083 (2007)
- Burgstahler, D., "Earnings management to avoid earnings decreases and losses", Journal of accounting and economics, 24(1), pp.99~126 (1997)
- Cannon, N. H., "Auditing challenging fair value measurements : Evidence from the field", The Accounting Review, 92(4), pp.81~114 (2017)
- Carter, C., "Being a successful professional : An exploration of who makes partner in the Big 4", Contemporary Accounting Research, 31(4), pp.949~981 (2014)
- Christensen, B. E., "Extreme estimation uncertainty in fair value estimates: Implications for audit assurance", Auditing: A Journal of Practice & Theory, 31(1), pp.127~146 (2012)
- Cohen. D., "Accrual-based and real earnings management activities around seasoned equity offerings", Journal of Accounting and Economics, 50, pp.2~19 (2010)
- DeAngelo, L. E., "Auditor size and audit quality", Journal of Accounting and Economics, 3(3), pp.183~199 (1981)
- Dechow, P., "Detecting earnings management", The Accounting Review, 70, pp.193~225 (1995)
- DeFond, M. L., "Incidence and circumstances of accounting errors", Accounting Review, pp.643~655 (1991)
- DeFond, M. L., "Auditor changes and discretionary accruals", Journal of Accounting and Economics, 25(1), pp.35~67 (1998)
- Francis, J. R., "Big 4 office size and audit quality", The Accounting Review, 84(5), pp.1521~1552 (2009)
- Glover, S. M., "Mind the gap: Why do experts have differences of opinion regarding the sufficiency of audit evidence supporting complex fair value measurements?", Contemporary Accounting Research, 36(3), pp.1417~1460 (2019)
- Granlund, M., "Moderate impact of ERPS on management accounting : a lag or permanent outcome?", Management Accounting Research, 13(3), pp.299~321 (2002)
- Griffith Emily E., "When Do Auditors Use Specialists’ Work to Improve Problem Representations of and Judgments about Complex Estimates?", The Accounting Review, 93(4), pp.177~202 (2018)
- Griffith Emily E., "Auditors, Specialist, and Professional Jurisdiction in Audits of Fair Values", Contemporary Accounting Research, 37(1), pp.245~276 (2020)
- Griffith, E. E., "Audits of complex estimates as verification of management numbers: How institutional pressures shape practice", Contemporary Accounting Research, 32(3), pp.833~863 (2015)
- Hunton, J. E., "Are financial auditors overconfident in their ability to assess risks associated with enterprise resource planning systems?(Retracted)", Journal of Information Systems, 18(2), pp.7~28 (2004)
- Hux Candice T., "Use of specialists on audit engagements : A research synthesis and directions for future research", Journal of Accounting Literature, 39, pp.23~51 (2017)
- Kothari, S. P., "Performance Matched Discretionary Accrual Measures", Journal of Accounting and Economics, 39, pp.163~197 (2005)
- Mark W. Nelson, "Team-Oriented Leadership and Auditors’ Willingness to Raise Audit Issues", The Accounting Review, 91(6), pp.1781~1805 (2016)
- Tim D. Bauer, "One Team or Two? Investigating Relationship Quality between Auditors and IT Specialists: Implications for Audit Team Identity and the Audit Process", Contemporary Accounting Research, 36(4), pp.2142~2177 (2019)