피감사기업의 지배구조와 감사인의 감사인력 배분: 지배구조의 직급별 감사시간에 대한 영향

초록

This study examines how the Korean audit market reflects the relationship between corporate governance and the allocation of audit resources. It conducts a regression tests of the effects of board independence, activity, size, and managerial ownership on audit hours by rank from 2014 to 2017 KOSDAQ & KOSPI firms. The results show significant positive effects of board-related variables, especially for mid-to senior-level auditors, and significant negative effects for managerial ownership. These findings persist after controlling for endogeneity. Our study suggests that auditors dedicate more effort as governance improves, particularly by involving higher-ranked auditors who deliver superior-quality audits. This reflects auditors’ responses to strong governance demands by increasing mid-and senior-level involvement. This study contributes by investigating the relationship between corporate governance and audit efforts through audit hours by rank. It also highlights that this relationship may not be homogeneous across all audit engagements, offering valuable insights to the field.

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