신(新) 외감법 시행 전후 경영자와 감사인간 의견불일치

Amendments to the Act on External Audit of Stock Companies (External Audit Act) in 2018 have been made to enhance accounting transparency and increase reliability. Auditors are expected to conduct audits more aggressively to avoid sanctions and litigation risks due to audit failures, and the disagreements between auditor and client will increase after the amendments. This study investigates whether the difference of auditor－client disagreements exists between the pre and the post the amendment of the External Audit Act in 2018. We find that the enforcement of New External Audit Act had insignificantly related to the auditor－client disagreements. On the other hand, we find that there was the significant difference of the auditor－client disagreements between 2018(2017) and 2016. This result implies that the disagreement increased prior to the enforcement of amendments. These findings suggest that the auditors have performed conservative audits before the bill passed the plenary session of National Assembly in 2017. Our results contribute to the current debate on the effectiveness of New External Audit Act. But this study analysed the samples of the first year when the New External Audit Act was enforced. Therefore, it is necessary to apply the results of this study carefully and to study with the additional periods and samples in the future.