감사특성(감사시간, 감사보수, 비감사보수)이 감사품질에 미치는 영향

This paper, with regard to companies listed on the Korean securities exchange market, analyzes the relation between audit characteristics such as audit hours, audit fees, and audit quality. Absolute value of discretionary accrual is used for the measurement of audit quality. The comprehensive relational analysis between audit characteristics such as audit hours, audit fees, and audit quality will come in handy for those in need of credible accounting information. The results of this research show that the absolute value of discretionary accrual has a negative relation with respect to audit hours, while a positive one with audit fees and non-audit fees. This suggests a better audit quality when more audit hours are available, and a lower quality when audit fees and/or non-audit service ratio are high. To paraphrase, an increased extent of auditing effort (audit hours) input results in higher audit quality, while a rise in the over (excess) compensation for auditing leads to the decrease in thereof. The influence of excess audit fees as quasi-rent for the auditor on his/her independence may be a possible cause of the negative relation between over audit fees and audit quality. Additionally, it was also revealed that either of small-auditor has not shown any meaningful relation with respect to the quality of auditing. This research has identified factors related to audit quality, and shown that audit quality can be raised through the efforts of the auditor, and excess audit fees effects the auditor's independence.