주기적 지정제도와 직권 지정제도가 회계 보수주의에 미치는 영향

Abstract

This study analyze the effect of the periodic auditor designation system and the direct designation system on accounting conservatism. The periodic auditor designation system newly established by the New External Audit Act and the direct designation system with provisions added to the existing designation system were introduced with the goal of securing the independence of auditors in the auditing work and improving the audit quality, which is the output of the auditing work.
 According to the analysis, the periodic auditor designation system did not reinforce accounting conservatism, but the direct designation system was found to reinforce accounting conservatism.
 The reason that the periodic auditor designation system and the direct designation system have different effects on conservatism is because their operation methods are different.
 The periodic auditor designation system is a system in which a company that has appointed an auditor voluntarily for more than six years receives a designated audit by an auditor designated by the Securities and Futures Commission for three years after 2020. However, the direct designation system is a system in which the Securities and Futures Commission designates auditors by inheriting the existing auditor designation system and adding a new designation reason to the existing designation reasons.
 Therefore, according to the empirical analysis of this study, the audit risk arising from the company's specific factors having a significant effect on the auditor's conservatism.