基于股东所有权的审计工作/小时需求分析

IF 2.3 Q2 BUSINESS, FINANCE
D. Mali, Hyoung-joo Lim
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引用次数: 1

摘要

审计小时报告在国际上是罕见的。因此,股东在多大程度上有权力影响审计工作量/小时需求是一个悬而未决的问题。本研究旨在使用独特的韩国数据来确定最大的外国/国内股东和大股东的权力增加是否会影响审计时间需求。设计/方法/方法在本研究中,使用2004-2018年韩国上市公司样本进行了普通最小二乘(OLS)回归分析。结果表明:随着第一大外资股东和大股东持股比例(5%)的增加,审计小时需求增加。随着国内第一大股东持股比例的增加,审计时间需求减少。在控制了审计费用溢价效应后,审计费用/小时之间的关联并非定性无关。此外,与非四大会计师事务所相比,最大的外国股东对四大会计师事务所审计时间的要求越来越高。结果与审计需求理论一致。原创性/价值虽然以前的研究提供审计费用/风险解释,但本研究通过开发一个框架来解释为什么特定群体的审计时间需求不同,从而扩展了文献。由于审计时数信息在国际上较为罕见,本研究具有重要的政策意义。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
An analysis of audit effort/hour demand based on shareholder ownership power
PurposeAudit hour reporting is rare internationally. Thus, to what extent shareholders have the power to influence audit effort/hour demand is a question left unanswered. This study aims to use unique South Korean data to determine whether the increasing power of the largest foreign/domestic shareholders and blockholders can influence audit hour demand.Design/methodology/approachIn this study ordinary least squares (OLS) regression analysis is conducted using a sample of Korean listed firms over the 2004–2018 sample period.FindingsThe results show: as the percentage equity holding of the largest foreign shareholder and blockholder (>5%) increases, audit hour demand increases. As the shareholding of the largest domestic shareholder increases, audit hour demanded decreases. The association between audit fees/hours is not qualitatively indifferent, after controlling for the audit fee premium effect. Furthermore, the largest foreign shareholder is shown to demand increasingly higher levels of audit hours from Big4 auditors, relative to NonBig4. All results are consistent with audit demand theory.Originality/valueWhilst previous studies offer audit fee/risk interpretations, this study extends the literature by developing a framework to explain why audit hour demands differ for specific groups. Because audit hour information is rare internationally, the study has important policy implications.
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来源期刊
Asian Review of Accounting
Asian Review of Accounting BUSINESS, FINANCE-
CiteScore
3.20
自引率
25.00%
发文量
32
期刊介绍: Covering various fields of accounting, Asian Review of Accounting publishes research papers, commentary notes, review papers and practitioner oriented articles that address significant international issues as well as those that focus on Asia Pacific in particular.Coverage includes but is not limited to: -Financial accounting -Managerial accounting -Auditing -Taxation -Accounting information systems -Social and environmental accounting -Accounting education Perspectives or viewpoints arising from regional, national or international focus, a private or public sector information need, or a market-perspective or social and environmental perspective are greatly welcomed. Manuscripts that present viewpoints should address issues of wide interest among accounting scholars internationally and those in Asia Pacific in particular.
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