한국, 미국, 일본, 중국의 감사보수 수준 비교 연구

We compare the audit fees of Korea, the United States, Japan, and China. First, the actual audit fees in Korea are 11%, 31%, and 61% of the estimated audit fees measured by the audit fees model of the United States, Japan, and China, respectively. Second, the actual audit fees in Korea are lower by 650 million won, 184 million won, and 54 million won than the expected audit fees derived from the audit fees model of the United States, Japan, and China, respectively. The results of analysis using only the sample matched by the assets are similar. This study attempts to compare the audit fees of the four countries from various perspectives, but it is difficult to completely exclude the limitations of comparative studies such as the differences of audit systems among countries. In spite of this, the contributions of this study are as follows. First, we include Japan and China in addition to the United States to make a cross-country comparison of audit fees. Second, the results of this study can be used as a reference for the audit fees debate in the audit practice. Finally, the results imply that the relatively low level of Korean audit fees may not be irrelevant to the low level of accounting credibility given that the previous studies show the positive association between audit fees and audit quality.