환율변동손익에 대해 감사인은 차별적으로 대응하는가?

This study investigates the relationship between income from foreign currency translation and audit hour. We expect that income that arises from monetary, non-monetary method is significantly related to audit hours rather than income that arises from current rate method. It is because company have to classfiy monetary item and non-monetary whose classification is somewhat discretionary and subjective under monetary, non-monetary method. However, under current rate mothod, company just use end of current rate to translate financial statement of subsidiary. In empirical results, income that arises from monetary, non-monetary method is significantly related to audit hour while income that arises from current rate method is not. This means that auditor exert effort on solving the discretionary and subjective classification between monetary and non-monetary item. Furthermore, the relationship is still significant at the sample of non-BIG auditor. It is because BIG auditor has an superior audit system that makes effective classification between moneytary and non-monetary item. However, non_BIG auditor does not have effective audit system which have to put more effort on classifying moneytary and non-monetary item. This study contributes auditor put different audit effort by audit risk. That is auditor exert efforts on income that arises from monetary, non-monetary method which has a audit risk than current rate method. Furthermore, there are lots of studies whose dependent variable is audit hour. From now on, studies that employs audit hour as a dependent variable should include income that arises from foreign curreny translation as a control variable.