감사인 특성과 계속감사기간의 감사보수

Abstract

[Purpose]This paper examines the change of audit fee after the introduction of ‘International Financial Reporting Standards’. Specifically, this paper examines wheter the audit fee after initial audit changes according to the characteristics of auditors.
 [Methodology]Using listed firms in KOSPI market from 2011 to 2018 to examine the relationship between auditor characteristics and audit fee after initial audit engagement. The information of auditors are collected manually from the Financial Supervisory Service’s accounting portal and KIND system.
 [Findings]This paper shows that the audit fee increased even in the case of initial audit engagements since the introduction of the ｢International Financial Reporting Standards｣. Meanwhile, the audit fee in the second and third year after initial audit engagements showed that the audit fee of large audit firms increased, but the higher the average audit experience of their certified public accountants, the lower the audit fee was.
 [Implications]This paper provides the policy implication to the supervisory authorities by presenting the changed audit fee behavior.