내부회계관리제도 검토의견에 따른 이익조정 수단에 관한 연구

Abstract

The purposes of this paper are to propose book tax conformity of firms that Reported Problem in Internal Accounting Management Systems. Tax adjustments of accruals as a means of earnings management (book-only accruals) and non-tax adjustments of accruals (book-tax accruals) divided and any of these two means of accrual to eanings management whether the empirical analysis. That is, this study tests whether firms reporting material weaknesses in the internal control system manage earnings more than firms reporting no material weakness in the internal control system. In Korea, the corporate tax accounting is recognized in the accounts if the taxable income is unchanged, but the tax law does not recognize taxable income change, but no change in the accounting income. Status report on the impact of this tax the tax burden on firms, because the connection of two types of firms use accruals likely to be discriminatory. Many prior studies were using discretionary accruals as a measure of earnings from, discretionary accruals may they contain elements that adjust at the same time taxable income, as well as accounting incomes(Calegari 2000; Ohgwanguk, Jeongseokwoo 2010; Choiwonuk et al 2013). Specifically, accruals are accounting income and taxable income non-tax adjustments of accruals to be adjusted in the same direction(book-tax conformity accruals) and accounting income is adjusted even be classified as a tax benefit tax adjustments of accruals (book-only accruals) does not affect the have. If the executive becomes the tax burden varies according to whether the earnings, depending on whether you are using any non-tax adjustments of accruals and tax adjustments of accruals when you want to raise accounting income. In this paper, we analyze that the use of internal control system review opinion unqualified firms tax adjustments of accruals as a way of earnings management compared to the qualified firms tax adjustments of accruals. In general, the review opinion are unqualified firm's greater incentive for earnings management purposes, such as to avoid the delisting many cases worsened the financial condition or business performance. And at the same time, unqualified review opinion firm's have been greatly since the external auditors assess control risk, more the expansion of proven procedures when the final audit will be limited to Earnings Management. How the Earnings Management and the tax burden on unqualified of firms of conflicting elements than qualified review opinion firms under these circumstances it is empirical questions to be considered discriminatory. 2005-2010 The company is listed on the KOSDAQ market, targeting firms that have received matrial weakness and scope limitation studied. In this study, Calegari(2000) proposed modifications to reflect on how our country tax laws. Ohgwanguk, Jeongseokwoo(2010) adjustment of non-tax adjustments and tax adjustments accruals measurement method. The empirical results, internal control system is an unqualified review opinion firms tax adjustments of accruals as compared to the qualified opinion of smaller firms, non-tax adjustments of accruals were adjusted to be greater. These results can be interpreted as selected non-tax adjustments of accruals to the unqualified opinion of the firm's ICS review opinion involving the tax burden as a means of earnings management. Thus the internal accounting control system review opinion unqualified of firms relatively pay less due to an enhanced audit of external auditor is to select the non-tax adjustment accruals involving tax burden than tax adjustment accruals no tax burden as a benefit adjustment means the choice of tax accruals are adjusted because the judge suppressed. Additionally, non-tax adjustments of accruals as a result of analysis by measuring minute changes in the tax adjustments of accruals of the previous year was also current term in the same way. Thus, firms that non-reported problem in Internal Control Systems are appropriate firm's financial reporting costs that occur relatively expensive accruals tax adjustment(BOA), rather than simply increasing the tax benefit accruals non-tax adjustment(BTA) to carry through earnings respectively. This study was conducted after the internal accounting management system by means of feedback and adjust the profits of the tax adjustment accruals (book-only accruals) and non-tax adjustments of accruals (book-tax accruals) divided by earnings management using accruals to analyze in that the previous studies was to provide a different implications. Our finding suggests a book-only accruals and book-tax accruals can be more precise measures for estimating the level of earnings management and tax planning as we empirically.