내부회계관리제도의 검토자료의 부실제출이나 미제출이 회계이익과 과세소득 차이에 미치는 영향에 관한 실증연구 - 코스닥 상장 중소기업을 대상으로

The purpose of this study is to find out the impact of internal control weakness on book-tax income difference. We focused on the small and medium companies, which are known to be weak with regard to internal control management. We collected 4,108 firm-year samples registered on the KOSDAQ market from 2005 to 2011 using KIS-VALUE, DART and KIND. The research findings are as follows. the firms which have failed to submit the review data to the auditor tend to have larger BTD compared to the firms that have reported internal control weakness. Our findings suggests that internal control may play very important role to prevent the corporate earnings management All the corporate governance participants including governments, public institutions, management, and auditors etc. should deter the corporate earnings management activities with the laws and culture encouraging reasonable internal control management.