불성실공시 지정기업의 감사보수와 감사시간

This paper examines the effect of unfaithful disclosure designation on auditors' decision. Specifically, we analyze the association between unfaithful disclosure designation and auditors' decision such as audit fees and audit hours, differentiating the reasons and the periods for designation. In addition, we do analyze the difference between audit fees(audit hours) in the pre-designation period and in the post period. Our findings are as follows. First of all, there is a positive relation between abnormal audit fees and the unfaithful disclosure firms, which implies that auditors reflect audit risk to their contract. But there is not a significant relation between abnormal audit hours and the unfaithful disclosure firms. Overall, these results shows that auditors recognize the designation of unfaithful disclosure firms as a signal for audit risk, and reflect this signal into audit contract. Also these results are consistent with the fact that auditors take firms' audit risk into their account, which has been supported by previous research. This study contributes to the literature linked to audit area by observing the response of auditors to audit risk. and provides a implication for regulators by showing the effect of designation for unfaithful disclosure on audit firms.