회계법인의 품질관리 중요성 인식과 핵심감사사항 가독성
Copyright 2024 THE KOREAN ACADEMIC SOCIETY OF BUSINESS ADMINISTRATION
This is an open access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted, distribution, and reproduction in any medium, provided the original work is properly cited.
초록
본 연구는 2018년 감사보고서 체계 개편이후 정보량 확대에도 불구하고 투자자들이 해당 정보를 적절하게 활용하지 않는 원인을 가독성 측면에서 확인한다. 구체적으로 새로운 감사보고서에서 핵심감사사항(KAM)의 가독성이 대형회계법인(Big4)에 대해 차별적으로 나타나는지를 살펴보고, 회계법인의 품질관리에 대한 중요성 인식이 가독성에 영향을 미치는지를 검토한다. 2020년부터 2022년까지 상장기업을 대상으로 분석한 결과 감사시장에 중요하게 영향을 미치는 Big4의 KAM 가독성은 non-Big4에 비해 낮은 것으로 나타났으며, 품질관리 인건비 비중으로 측정한 품질관리에 대한 중요성이 클수록 가독성이 높고, Big4의 낮은 가독성도 회계법인이 품질관리를 중요하게 고려할수록 완화되었다. 이는 투자자들이 새로운 감사보고서 정보를 이해하는데 어려움이 있으며, 회계법인의 품질관리 강화가 가독성 향상에 도움이 됨을 시사한다. 따라서 감사보고서 정보의 가치관련성 향상을 위해 회계법인은 KAM 가독성을 고려할 필요가 있으며, 감독당국은 다양한 측면에서 회계법인의 품질관리에 대한 모니터링을 제공해야 할 것이다.
Abstract
This study examines the readability of audit reports to understand why investors do not utilize this information appropriately despite the increased amount of information following the 2018 audit report reform. Specifically, we investigate whether the key audit matters (KAM) readability of the new audit reports is differentiated for Big4 firms and whether the auditors’ perceived importance of quality control affects readability. Using a sample of public firms from 2020 to 2022, we find that Big4 audit report readability is lower than non-Big4 audit reports, and that the greater emphasis on quality control, as measured by the proportion of quality control labor costs, is associated with higher readability, and that the lower readability of Big4 audit reports is mitigated by the importance firms place on quality control. This suggests that investors have difficulty understanding new audit report information and that enhanced quality control can help improve readability. Therefore, to increase the value relevance of audit report information, accounting firms should consider KAM readability, and regulators should provide monitoring of their quality control from various aspects.
Keywords:
Readability, Big4, Quality Control, Audit Report키워드:
가독성, 대형회계법인, 품질관리, 감사보고서Acknowledgments
This work was supported by 2024 Hannam University Research Fund.
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∙ 저자 윤용석은 현재 한남대학교 경영대학 회계학과 조교수로 재직 중이다. 고려대학교 경영대학및 대학원 경영학과를 졸업하여 경영학석사 및 박사를 취득하고, 박사 학위 취득 이후에도 동 대학에서 연구교수로 일하였다. 주요연구분야는 공시정보와 회계감사 등이다.
∙ 저자 김현아는 현재 한국기술교육대학교 산업경영학부 회계 전공 부교수로 재직 중이다. 고려대학교를 졸업하고 삼일회계법인과 한국증권금융에서 근무하였다. 고려대학교 경영대학에서 경영학박사(회계)를 취득하였으며, 주요연구분야는 기업지배구조, 회계감사 및 조세회피 등이다.