이익조정과 회계실체 복잡성이 재무정보 적시성에 미치는 영향
The Impact of Earning Management and Complexity of Accounting Entity on the Timeliness of Financial Information
0
조회
0
다운로드
13
인용
0
참고문헌
키워드
초록
The purpose of this study is to analyze the relation between timeliness of financial Information and complexity of accounting entity. More specifically, it attempts to empirically analyze what effect audit report lag (proxies of timeliness of financial information) imposed by complexity of accounting entity This study selected 4,979 firm-year from the manufacturing firms listed on the Korea Securities Exchange as of December 31 each year from 2003 to 2007. The main results of this study can be summarized as follows: First, there are no significant association between discretionary accruals and audit report lag. The fact shows that auditor's audit risk is higher under long audit report lag. Thus, earnings management in companies with long audit report lag is further controlled than short audit report lag by auditors. Second it was found that EM had a significant positive effect on audit report lag. This indicates that complexity of accounting entity is affected on audit report lag Third, it was found that BTDIFF had a significant negative effect on audit report lag. Auditors set high effort in consideration of the audit risk under problem of the accounting information.
Abstract
The purpose of this study is to analyze the relation between timeliness of financial Information and complexity of accounting entity. More specifically, it attempts to empirically analyze what effect audit report lag (proxies of timeliness of financial information) imposed by complexity of accounting entity This study selected 4,979 firm-year from the manufacturing firms listed on the Korea Securities Exchange as of December 31 each year from 2003 to 2007. The main results of this study can be summarized as follows: First, there are no significant association between discretionary accruals and audit report lag. The fact shows that auditor's audit risk is higher under long audit report lag. Thus, earnings management in companies with long audit report lag is further controlled than short audit report lag by auditors. Second it was found that EM had a significant positive effect on audit report lag. This indicates that complexity of accounting entity is affected on audit report lag Third, it was found that BTDIFF had a significant negative effect on audit report lag. Auditors set high effort in consideration of the audit risk under problem of the accounting information.
참고문헌 (34)
- 강내철, "감사인 불일치가 재무정보의 적시성과 신뢰성에 미치는 영향", 세무와회계저널, 11(1), pp.43~65 (2010), 한국세무학회
- 강내철, "연결실체의 복잡성으로 인한 재무보고 지연에 관한 연구", 회계와 감사 연구, (47), pp.281~307 (2008), 한국공인회계사회
- 고종권, "재무이익－세무이익 차이의 세부구성항목을 이용한 적자회피 이익조정 분석", 세무학연구, 23(3), pp.65~102 (2006), 한국세무학회
- 김문태, "이익관리가 재무제표 공시 지연에 미치는 영향", 한국회계정보학회 추계국제학술 발표논문 (2007)
- 김평기, "감사시차의 영향요인에 관한 실증연구", 회계저널, 5, pp.83~108 (1996)
- 나종길, "회계발생의 수준이 감사시차에 미치는 영향", 회계학연구, 29(1), pp.179~206 (2004), 한국회계학회
- 박연희, "재무제표공시를 지연시키는 요인에 관한 연구", 회계저널, 16(1), pp.29~51 (2007), 한국회계학회
- 신용준, "비감사서비스와 감사보고서 보고일 차이가 감사보수에 미치는 영향: 비감사서비스 제공과 감사인의 독립성을 중심으로", 국제회계연구, (31), pp.211~246 (2010), 한국국제회계학회
- 신용준, "회계법인의 비감사서비스 매출수준에 따른 피감사기업의 재량적발생액과 감사시간에 대한 연구", 경영교육연구, (62), pp.313~337 (2010), 한국경영교육학회
- 신현걸, "연결당기순이익을 이용한 지분법 적용의 적정성 평가", 회계와감사연구, (36), pp.99~117 (2000)
- 申鉉杰, "持分法評價를 利用한 利益調整行爲", 회계와 감사 연구, (38), pp.107~131 (2002), 한국공인회계사회
- 신현걸, "피투자회사의 개수 및 구분방식에 따른 지분법 적용의 적정성 분석", 회계와 감사 연구, (43), pp.451~475 (2006), 한국공인회계사회
- 전규안, "이연법인세와 이익조정에 관한 연구", 회계학연구, 27(1), pp.107~136 (2002), 한국회계학회
- 주인기, "이익조정 행위의 측정치로서 회계이익과 과세소득 차이의 유용성에 관한 연구", 회계학연구, 30(2), pp.237~275 (2005), 한국회계학회
- 최수미, "회계투명성 측정과 회계투명성이 기업 가치에 미치는 영향에 관한 연구", 회계논집, 6(2), pp.221~240 (2005)
- Audit Delay and the Timeliness of Corporate Reporting, "Ashton, R, H.", Contemporary Accounting Research, 657~673 (1989)
- Ashton, R, H., "An Empirical Analysis of Audit Delay", Journal of Accounting Research, pp.275~292 (1987)
- Bamber, E.M., "Audit Structure and Other Determinants of Audit Report Lag, An Empirical Analysis", Auditing：A Journal of Practice & Theory, (Spring), pp.1~23 (1993)
- Brumfield, C., "Business Risk and the Audit Process", The Journal of Accountancy, pp.60~68 (1983)
- Carslaw, C.A., "An Examination of Audit Delay：Further Evidence from New Zealand", Accounting and Business Risk, 22, pp.1~32 (1991)
- Dechow, P., "Detecting Earnings Management", The Accounting Review, 70, pp.193~225 (1995)
- Desai, M. A., "Corporate tax avoidance and high-powered incentives", Journal of Fianancial Economics, 79, pp.145~179 (2006)
- Givoly, D., "Timeliness of Annual Earnings Announcements：Some Empirical Evidence", The Accounting Review, pp.486~508 (1992)
- Hanlon, M., "The Persistence and Pricing of Earnings, Accruals, and Cash Flows When Firms Have Large Book-Tax Differences", The Accounting Review, 80(1), pp.137~166 (2005)
- Lee, H. Y., "Determinants of audit report lag: Evidence from Korea - An examination of auditor-related factors", Journal of Applied Business Research, 24(2), pp.27~44 (2008)
- Lev, B., "Taxable Income, Future Earnings, and Equity Values", The Accounting Review, 79(4), pp.1039~1074 (2004)
- Manzon, G., "The Relation between Financial and Tax Reporting Measures of Income", Tax Law Review, 55, pp.175~214 (2002)
- Mills, L. F., "The Influence of Tax and Nontax Costs on Book-Tax Reporting Differences : Public and Private Firms", The Journal of American Taxation Association, 23, pp.1~19 (2001)
- Newton, J., "The Association between Audit Technology and Audit Delay", Auditing : A Journal of Practice & Theory, pp.22~37 (1989)
- Phillips, J., "Earnings management : New evidence based on the deferred tax expense", The Accounting Review, 78(2), pp.491~521 (2003)
- The Association Between Auditor Changes and Reporting Lags, "Schwartz, K.", Contemporary Accounting Research, 353~370 (1996)
- Trueman, B., "Theories of Earnings-Announcement Timing", Journal of Accounting and Economics, pp.285~301 (1990)
- Whittred, G. P., "Audit qualification and the timeliness of corporate annual reports", Accounting Review, pp.563~577 (1980)
- Whittred, G. P., "Timeliness of Financial Reporting and Financial Distress", The Accounting Review, pp.287~295 (1984)