지배기구와 외부감사인 간의 의사소통이 수익비용대응 수준에 미치는 영향 = The Effect of Communication between those Charged with Governance and External Auditors on Matching Level

다국어 초록 (Multilingual Abstract)

We empirically test the relationship between communication and matching between those charged with governance and external auditor. We establish a research model based on the model presented by Dichev and Tang (2008), and communication between those charged with governance and external auditors is measured by the frequency of communication between the internal audit organization and external auditors. As a result of testing 1,878 (firm-year) companies listed on the stock market from 2019 to 2021, the frequency of communication between the internal audit organization and the external auditor is found to be positively related to matching. This can be interpreted that high communication between those charged with governance and the external auditor increases matching. In addition, we divide communication methods into face-to-face and non-face-to-face and additionally test the relationship between each communication method and matching. As a result of the additional test, face-to-face communication is found to be positively related to matching in all models. However, non-face-to-face communication is found to be positively related to matching in only certain models. We believe that our results will be a contribution in that we divide communication into face-to-face and non-face-to-face and tested the effect of each communication method on matching. In particular, our results are expected to provide policy implications to regulatory authorities in that they verify the effect of the new-External Audit Act (enacted in November 2018) according to the communication method between those charged with governance and external auditors.