지정감사인의 감사보수는 과연 적정한가?

초록

Since the nullification of the guideline for audit fees in 1999, it has been argued that dumping for audit fees may lead to low audit quality. On the other hand, auditors designated by the Securities and Future Commission(SFC) wield a power on pricing in audit contracts greater than auditor-assigned firms. Therefore, auditor designation causes troubles in pricing between auditors and auditees. Previous research shows that audit fees for the auditor-assigned firms are higher than those for non-assigned firms. However, questions remain as to whether high audit fees are comparable to high audit quality. Thus, this study examines whether audit time as a proxy of audit quality explains audit fees differences between the ``assigned`` and ``non-assigned`` periods for auditor-assigned firms. Using a sample of 595 auditor-assigned firms during the period 2001-2004, we find that the audit fees for the auditor-assigned period are higher than those for non-assigned period on average. However, we find no increase for audit hours spent for the audit-assigned period except for the companies with accounting fraud records.

키워드