경영자 교체가 감사인의 감사노력에 미치는 영향

다국어 초록 (Multilingual Abstract)

This study examined how the CEO turnover affects the auditor s audit efforts and analyzes whether the auditor makes additional audit efforts for audit risk caused by the CEO turnover. We analyzed the relationship between CEO turnover and audit efforts. We also tested how audit committee affects the relationship between turnover and audit efforts. Data consists of 5,701 firm-years listed in KOSPI from 2009 to 2017.
Our empirical findings are as such. First, we found that CEO turnover has a significant positive effect on auditor s audit effort measured by audit hour and audit fees. This result indicates that auditors are making additional audit efforts to reduce the audit risk resulting from CEO change.
Second, we discovered that when an audit committee exists, the relationship between the CEO turnover and the auditor s increased audit efforts becomes greater. This finding is meaningful in that internal monitering works as a complementary instrument to external audit in that audit committee requests more audit efforts when firm risk increases due to CEO change.

참고문헌 (Reference)

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