감사기구가 재량적 발생액에 미치는 영향

[Purpose]This study tries to investigate the effects of audit systems and informativeness discretionary accruals. For this study, firstly, we examine closely the relation between discretionary accruals and the volunteer audit committee, auditor. Secondly, we test the association between the level of discretionary accruals and executive auditor, non－executive auditor. [Methodology]The research was made on companies that satisfy sample selection criteria of this study among the companies that are listed in the KOSPI(Korea Composite Stock Price Index) market from 2003 to 2015. [Findings]The results are as follows. Our major empirical results of the study are summarized as follows. Firstly, there is no difference in the amount between discretionary accruals reported by the volunteer audit committee and auditor. Secondly, the level of discretionary accruals reported by an executive auditor has more increased than that reported by non－executive auditor. [Implications]This results might imply that our study makes some important contributions to regulatory bodies in that several audit policies are implemented to promote the quality of account reporting because under the current Korean Commercial Code, audit system is not fully independent from the controlling shareholders. In order to have an independent audit committee or auditor, the controlling shareholders’ voting rights can be limited strictly.