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Korean Academic Society of Business Administration
[ Article ]
korean management review - Vol. 53, No. 4, pp.945-970
ISSN: 1226-1874 (Print)
Print publication date 31 Aug 2024
Received 18 Aug 2024 Revised 08 Apr 2024 Accepted 23 Apr 2024
DOI: https://doi.org/10.17287/kmr.2024.53.4.945

재량적 개발비 손상차손 인식과 감사인의 산업 전문성

박민경 ; 김정은
(주저자) 전남대학교 경영학부 시간강사 이메일
(교신저자) 전남대학교 회계학과 박사과정 reicoo@nate.com
Discretionary Development Cost Impairment and Auditor Industry Expertise
Minkyung Park ; Jeongeun Kim
(First Author) Lecturer, Dept. of Business Administration, Chonnam National University pmk76464@gmail.com
(Corresponding Author) Doctoral Student, Dept. of Business Administration, Chonnam National University reicoo@nate.com


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 개발비 손상차손 인식의 회계처리가 자산손상의 실질을 반영하는데 감사인의 역할을 살펴보고자 한다. 2011년부터 2021년까지 개발비를 자산화 한 기업을 대상으로 분석한 결과, 산업전문 감사인은 재량적 손상차손 인식에 유의한 양(+)의 값을 나타내었다. 이러한 결과는 피감사기업의 특성을 고려했을 때 손상차손 인식이 경영자의 사적이익 추구 수단으로 사용되는데 감사인이 감시 역할을 수행하지 못한다는 것으로 해석된다. 또한 개발비 회계처리에 대한 시장의 제재가 있던 2019년 이후 감사인의 경영자 통제 능력을 검증한 결과에서 코스닥 시장에서는 시장 제재 발표에 따른 유의한 차이가 나타나지 않았으나 코스피 시장에서는 시장의 제재 이후 감사인의 산업 전문성이 경영자의 재량적 손상차손 인식에 유의한 음(-)의 영향을 미치는 것으로 나타났고 코스닥 시장에서 개발비 손상차손 회계처리에 대한 주석 공시가 있는 기업에서만 감사인의 산업 전문성이 경영자의 재량적 손상차손 인식을 줄이는 효과가 있는 것으로 나타났다.

Abstract

The estimation of recoverable amount used for impairment loss is an accounting treatment that is highly likely to cause differences of opinion between the firm and its auditors. This study verifies the relevance between the auditor's industry expertise and management's discretionary recognition. The results of the analysis of firms that capitalized development costs from 2011 to 2021 are as follows. First, Industry- specialized auditors showed a significant positive(+) relevance with discretionary impairment loss recognition. Second, as a result of analysis according to the characteristics of the market, the auditor's role was different. Third, it is the result of verifying the auditor's ability to control management according to the market's sanctions on development cost accounting. Only, in the KOSPI market, it was found that the auditor's industry expertise had a significant negative(-) effect on the manager's discretionary recognition after market sanctions. Lastly, it was found that the auditor's industry expertise reduced management's discretionary recognition in the KOSDAQ market where there is a disclosure on development cost impairment loss accounting treatment. The results of this study show that the effect of supervisory sanctions and auditor's ability may differ depending on the characteristics of the market and the level of voluntary disclosure by firms.

Keywords:

Managerial discretion, Development cost impairment, Industry specialist auditor, Note disclosure

키워드:

경영자 재량, 개발비 손상차손, 산업전문 감사인, 주석공시

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∙ 저자 박민경은 현재 전남대학교 경영학부 시간강사로 재직 중이다. 전남대학교 경영학부를 졸업하였으며 동 대학교에서 경영학석사 및 박사를 취득하였다. 주요연구분야는 기업지배구조, 회계정보의 유용성, 주가급락 위험 등이다.

∙ 저자 김정은은 전남대학교 회계학과에서 박사과정을 수료하였다. 전남대학교 경영학부를 졸업하였으며, 동 대학교에서 경영학석사를 취득하였다. 주요연구분야는 경영자 특성, 회계정보의 유용성, 주가급락 위험 등이다.