가결산 이익의 수정이 감사지연에 미치는 영향

If a preliminary earnings is disclosed, this numbers receive intensive attention of investors nevertheless unaudited numbers. However preliminary earnings can be revised after audit. Actually, lots of firms which disclosure preliminary earnings corrected their earnings numbers after audit. If the earnings numbers already disclosed are revised, manager will be suspected of issuing unreliable numbers. Therefore managers would not accept earnings numbers revised if manager has no incentive to manage earnings and earnings numbers had prepared in proper internal control systems. It needs so many estimation and assumption in preparation of financial statements, managers are allowed to make a discretionary judgement. Auditors review manager's discretionary judgement in conservative viewpoint due to risk of audit failure. This may cause a disagreement between auditor and manager in certain accounting issue. In this case, an auditor needs more time for collecting additional evidence to reinforce his basis of conclusion and negotiation with management. In a meanwhile, the publication of audit report will be postponed. In this article, we expect that there will be significant audit delay when unaudited earnings numbers are revised after audit. According to the results, there are significant audit delays when the preliminary earnings are revised. The auditor should conduct more precise audit procedure correcting earnings numbers. It seems that the auditors are faithful in his role to improve audit quality when the preliminary earnings are revised after audit.