회계처리의 보수성: 감사시간 및 감사보수와의 관련성

초록

As an auditor's point of view, the possibility of asset overstatement is directly related to audit risk and is the key determinant of audit scope in the audit planning stage. Thus, non-conservative accounting could increase the audit risk evaluated by auditors. If audit risk assessed by auditors is high, auditors may extend the audit scope and require compensation for the increased audit risk. The extended audit scope causes the increase in audit hours. Along with the increased audit hours, the increase in audit risk is expected to be a contributing factor for the increase in audit fees. Consistent with this view, we analyze the relationship between accounting conservatism and audit hours(audit fees). The results show that the inverse relationship between accounting conservatism and audit hours is prominent when the information users' dependence on financial statements or the possibility of corporation bankruptcy is high. Unexpectedly, the level of accounting conservatism is not related to the audit fees even after the information users' dependence on financial statements or the possibility of corporation bankruptcy is included as a moderator variable. Such results suggest that auditors consider non-conservative accounting as a factor for the increase in audit risk and extend the audit scope accordingly, resulting in an increase in audit hours. On a separate note, the insignificance in the results of audit fee analysis may be attributed to the intensifying competition in the audit service market of Korea. Under the highly competitive audit service market, clients tend to demand a fee discount, which prevent audit fees from appropriately reflecting relevant audit risk assessed by auditors.

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