기업지배구조 수준과 감사보고시차：기업지배구조보고서 핵심지표 준수율을 중심으로

[Purpose] Recently, relevant authorities have announced policies related to value－up with a view to enhancing corporate value. Some items listed in value－up are required to be disclosed through the corporate governance report. The corporate governance report is a report prepared to strengthen corporate governance and management transparency and ESG disclosure items are expected to expand hereafter. Therefore, this study aims to examine the relationship between the level of corporate governance (measured with the rate of compliance with Core indicators), which has recently become increasingly important, and external audit (measured with the audit report lag) amid the flow in which interest in ESG management is spreading. [Methodology] This study analyzed companies for which corporate governance reports, audit report lags, and financial data could be collected among those listed on the stock market from 2019 to 2023. [Findings] The results of the analysis were examined, differences appeared between the analysis based on the existing measurement method and the analysis based on the new measurement method. In the case of the analysis of audit report lags considering the closing date, the audit report lags and the rates of compliance with Core Governance indicators showed a statistically significant negative (－) value, which means that there are differences in terms of external auditor's audit risk assessment and timeliness among audit target companies depending on the levels of disclosure of key indicators. Meanwhile, in the analysis of audit report lags considering the audit start date, no statistical significance was found, which is judged to be a limitation due to the use of new variables and the characteristics of this study. [PolicyImplications] This study examined the relationships between corporate governance, external audit, and timeliness, and is significant in that it expanded existing previous studies by utilizing the variable the rate of compliance with key indicators. In particular, the results of this study imply that efficient external audits will be possible if governance risks are actively reflected in accounting audits. Meanwhile, in the case of the content of the implementation of external audits, some loose ends were found, and thus it is evaluated that proper checks and periodic monitoring by relevant authorities are necessary.