감사인 유형에 따른 감사파트너교체와 이익조정

[Purpose]This study analyzes the effect of the partner rotation of the accounting firm and the same partner continuous audit period(partner tenure) on the earnings management of the audited company. and verify whether it appears discriminative according to the accounting firm type(Big4 vs. Non Big4). [Methodology]This study analyzes the effect of restricting the earnings management by the partner replacement through Discretionary Accurual(DA). In addition, it tests the effect of longer partner tenure, audit firm type on the earnings management. [Findings]This study found that the effect of restricting the earnings management by the partner replacement is significant in those audited companies by Non Big4. DA of audited companies by Non Big4 were increased as the long partner tenure. and it was found that partner change effect was influenced by partner’s audit time input decision. In small audited company, the earnings management is suppressed due to the replacement of the partner. [Implications]The results of this study suggest that it is necessary to consider differentiating the obligations of replacing partners in accordance with the internal quality control, partner performance evaluation and auditing quality control level in accounting corporation related regulations.