감사보수와 회계이익의 질: 고가수임 및 저가수임을 중심으로

Abstract

This study investigates the effect of audit fees on the earnings quality of listed in theKorean Stock Exchange (KOSPI) covering the period from 2007-2012 with 4,643 firm-yearsample. Particularly, this paper focuses on lower audit fees because it results in lower auditquality. OLS test was done as to whether the lower audit fee is associated with low earningsquality. Results show that the lower audit fee increases the absolute value of discretionaryaccruals. But, the higher audit fee does not affect the absolute value of discretionaryaccruals. These findings suggest that lower audit fees reduce earnings quality and suchresults turned up to be robust after checking the results for robustness. This paper also teststhe association between audit fees and earnings quality after controlling for the effects ofnon-audit fees then it is same result as that of without non-audit fees..