파트너의 감사시간 비중이 재무보고품질에 미치는 영향

[Purpose]In this paper, I examine whether the audit efforts of partners can improve the financial reporting quality. Specifically, I examine that the companies with short firm age show low financial reporting quality and that the higher audit efforts of audit partners can alleviate the deterioration in financial reporting quality. [Methodology]This paper analyzes the non－financial listed firms during 2014－2017(6,584 firm－year observations) by using multiple regression analysis. The data on audit hours by rank were manually collected from Data Analysis, Retrieval and Transfer System(DART). [Findings]From the analyses, I find that the financial reporting quality is low for the companies with short firm age. In addition, the higher audit hour ratio of audit partners alleviates the decline in the financial reporting quality. [Implications]This paper has the following contributions. First, the auditors should be cautious on the companies with short firm age. Second, I extend the audit literature on the effects of auditor's efforts by examining the effects of audit partners' efforts on the financial reporting quality. Third, I examine the effects of partners' audit efforts by using the audit hours of each auditor rank, implying that the disclosure of the audit hours for each auditor rank is useful for market participants.