적자회피 기업에서 감사노력과 회계투명성의 관련성 – 감사시간과 감사보수를 중심으로

This study confirms whether the effect of lowering accounting transparency was mitigated when the audit effort of the avoid losses firms was high. Firms in the avoid losses section may have lower accounting transparency, but the purpose is to confirm that the moderating effect on the auditor's characteristics(audit time, audit fee) can alleviate the effect of lowering accounting transparency. As a result of the analysis, we confirm that accounting transparency was alleviated as the audit effort (audit fee, audit time) of the avoid losses firms increased. This can be interpreted as an increase in audit efforts of the avoid losses firms alleviated the decrease in accounting transparency by complying with accounting and audit standards by fully exercising their monitoring and supervisory functions. In addition, it can be seen that the same result was found when the deficit avoidance section was analyzed as a company from a narrow section to a wide section as part of robustness. This results imply that accounting transparency varies depending on the audit efforts of the avoid losses firms. Through this, it is contributing to the verification that the impact of the avoid losses firms on accounting transparency acts differently depending on audit time and audit fees. These results suggest changes in the audit environment in Korea to improve the accounting transparency of firms in the crisis of deficit.