분기재무제표 검토의 보수성 검증에 관한 연구

This study demonstrates that the reviews of the quarterly financial statements publication which have been regulated to listed firms in South Korean stock market since 2000 influenced conservative accounting. This research has two significant outcomes as follows. First, The t-test of quarterly statement of publicly announced enterprises shows the average C-score of the audited firms is higher than that of unaudited firms and statistically significant result is also shown under the same condition. So does the outcome of the regression analysis. Second, assaying variance of C-score mean indicates the samples which review their quarterly financial statements voluntarily do more conservative accounting than the counterpart. the regression analysis of these data shows the same conclusion. In sum, the reviews of the quarterly financial statements by auditors makes the management account in conservatism. So, this regulation need to apply to more widen its field of operations in future for providing helpful information to its users and inducing transparent accounting. The result of this study will be able to provide practical evidence on the importance and value of reviewing quarterly financial statements information by testing effectiveness of this regulation being conducted to eradicate fraudulent accounting and assure accounting transparency since the fiscal year of 2001. Furthermore, it is expected that through this study policy makers will be helped to decide whether to expand compulsory review of quarterly reports to all of the listed corporations in South Korea.