• Title/Summary/Keyword: 감사인 교체

Search Result 8, Processing Time 0.025 seconds

The Empirical Study on the Existence of the Opinion Shopping (감사의견구매의 존재에 관한 실증적 연구)

  • Shin, Chan-Hyu
    • Journal of Digital Convergence
    • /
    • v.18 no.9
    • /
    • pp.93-101
    • /
    • 2020
  • Although concerns about the opinion shopping have been continuously raised in the audit market, there has been little research on empirical evidence on the existence of audit opinions. For this reason, this study empirically confirmed whether the opinion shopping exists. At first, we measured thresholds of audit opinion issuing of two groups(changed or not-changed auditors). After that, the difference analysis was conducted to verify whether the thresholds of the audit opinion issuing was significant difference between two groups. As a result of the study, there was no significant difference in the thresholds of audit opinion issuing between two groups. This result can be interpreted that the audit opinion shopping is not a general phenomenon in the external audit market. The contribution of this study is to empirically confirmed that audit opinion shopping does not exist in the external audit market.

The Effects of Auditor Turnover Ratio on the Quality of Earnings (경영자의 외부감사인 교체빈도가 기업이익의 질에 미치는 영향)

  • Jung, Suk-Yong;Hwang, Kyu-Jin;Kim, Ki-Beom
    • Journal of the Korea Academia-Industrial cooperation Society
    • /
    • v.10 no.4
    • /
    • pp.877-886
    • /
    • 2009
  • Since 1982, the auditee have selected the auditor under market mechanism. Under the system on which the auditor have been chosen by client, there have been chances for opinion shopping, etc. To prevent those, some audit regulations have been introduced. Prior studies have documented the positive effect of these audit regulations. Those studies, however, had some limitations which they dealt with just short event period for empirical tests. This study examines the effect of Auditor Turnover Ratio on the Quality of Earnings using a sample of firms that were listed on Korea Exchange(KRX) from 1995 to 2004. The firms that change auditor frequently are expected to have low disclosure quality. The CEO with the incentives to manage or manipulate earnings could accomplish this purpose by replacing existing auditor with more friendly auditor, which could result in eventually lowering earning's quality of the firm. The result of empirical test shows that the accrual quality of firms which have high auditor turnover ratio are significantly lower than those of firms which have low ratio. This result is consistent with our hypothesis that the more frequently a firm changes auditor, the lower the quality of earning is. This evidence might give the implication to policy-making supervisor.

Performance of Korean State-owned Enterprises Following Executive Turnover and Executive Resignation During the Term of Office (공기업의 임원교체와 중도퇴임이 경영성과에 미치는 영향)

  • Yu, Seungwon;Kim, Suhee
    • KDI Journal of Economic Policy
    • /
    • v.34 no.3
    • /
    • pp.95-131
    • /
    • 2012
  • This study examines whether the executive turnover and the executive resignation during the term of office affect the performance of Korean state-owned enterprises. The executive turnover in the paper means the comprehensive change of the executives which includes the change after the term of office, the change after consecutive terms and the change during the term of office. The 'resignation' was named for the executive change during the term of office to distinguish from the executive turnover. The study scope of the paper is restrained to the comprehensive executive change itself irrespective of the term of office and the resignation during the term of office. Therefore the natural change of the executive after the term of office or the change after consecutive terms is not included in the study. Spontaneous resignation and forced resignation are not distinguished in the paper as the distinction between the two is not easy. The paper uses both the margin of return on asset and the margin of return on asset adjusted by industry as proxies of the performance of state-owned enterprises. The business nature of state-owned enterprise is considered in the study, the public nature not in it. The paper uses the five year (2004 to 2008) samples of 24 firms designated as public enterprises by Korean government. The analysis results are as follows. First, 45.1% of CEOs were changed a year during the sample period on the average. The average tenure period of CEOs was 2 years and 3 months and 49.9% among the changed CEOs resigned during the term of office. 41.6% of internal auditors were changed a year on the average. The average tenure period of internal auditors was 2 years and 2 months and 51.0% among the changed internal auditors resigned during the term of office. In case of outside directors, on average, 38.2% were changed a year. The average tenure period was 2 years and 7 months and 25.4% among the changed internal directors resigned during the term of office. These statistics show that numerous CEOs resigned before the finish of the three year term in office. Also, considering the tenure of an internal auditor and an outside director which diminished from 3 years to 2 years by an Act on the Management of Public Institutions (applied to the executives appointed since April 2007), it seems most internal auditors resigned during the term of office but most outside directors resigned after the end of the term. Secondly, There was no evidence that the executives were changed during the term of office because of the bad performance of prior year. On the other hand, contrary to the normal expectation, the performance of prior year of the state-owned enterprise where an outside director resigned during the term of office was significantly higher than that of other state-owned enterprises. It means that the clauses in related laws on the executive dismissal on grounds of bad performance did not work normally. Instead it can be said that the executive change was made by non-economic reasons such as a political motivation. Thirdly, the results from a fixed effect model show there were evidences that performance turned negatively when CEOs or outside directors resigned during the term of office. CEO's resignation during the term of office gave a significantly negative effect on the margin of return on asset. Outside director's resignation during the term of office lowered significantly the margin of return on asset adjusted by industry. These results suggest that the executive's change in Korean state-owned enterprises was not made by objective or economic standards such as management performance assessment and the negative effect on performance of the enterprises was had by the unfaithful obeyance of the legal executive term.

  • PDF

Initial Audit Engagement and Financial Statement Comparability (감사인 교체연도의 재무제표 비교가능성)

  • Yan, Jing-Shuo;Choi, Seung-Uk
    • Asia-Pacific Journal of Business
    • /
    • v.12 no.3
    • /
    • pp.193-212
    • /
    • 2021
  • Purpose - This study investigates the effect of auditor change on client firm's accounting (financial statement) comparability. Design/methodology/approach - The comparability of accounting information is measured by the difference in accruals between the two firms. Additionally, the study uses earnings-stock return relationship as another proxy of accounting comparability. In particular, the paper examines whether there is a systematic difference between initial audit years and the other years with respect to the client firm's accounting comparability. Moreover, current study tests how changes in auditor size or industry expertise before and after the switch of auditors affect the accounting comparability. Findings - The results show that the level of accounting comparability is lower in the year of auditor change than in the other years. Furthermore, this lower level of comparability is derived by the observations that switch their auditors from non-Big4 to non-Big4 or from non-specialist to non-specialist. These results are consistent when accounting comparability is measured by different proxies. Research implications or Originality - The findings of this study provide important policy implications for the regulations related with auditor selection.

인협, 인쇄문화역사관 이전 및 기자간담회 - 전시,교육,체험을 함께하는 입체적 공간 인쇄문화산업의 랜드마크로 자리매김 기대

  • Kim, Sang-Ho
    • 프린팅코리아
    • /
    • v.10 no.12
    • /
    • pp.50-51
    • /
    • 2011
  • 인쇄문화역사관이 리뉴얼공사를 마치고 명실상부하게 인쇄문화를 상징하는 공간으로 새롭게 태어났다. 대한인쇄문화협회(회장 김남수)는 최근 2개월여에 걸친 냉난방설비 교체 공사와 인쇄문화역사관 이전 공사를 마치고 이전개관식을 가졌다. 1차로 거행된 이전개관식에는 대한 인쇄정보산업협동조합연합회 이충원 회장, 대한인쇄문화협회 홍우동 명예회장, 민재기 전회장, 허철종 전회장이 참석한 가운데 테이프 커팅식에 이어 인협 유창준 전무가 새롭게 리뉴얼된 회관을 소개하는 순서로 진행되었다. 한편, 2차로 거행된 회관 이전개관식에는 김남수 회장을 비롯, 민창준 부회장, 김국 부회장, 이순석 부회장, 이광재 이사, 신병태 감사, 김영철 장학위원장, 리우식 미디어정책위원장, 이국홍 국제경쟁력강화위원장이 참석했다. 김남수 회장은 인쇄문화역사관의 이전개관를 맞아 "인쇄문화산업의 중심인 인쇄문화회관을 출입할 때마다 명성에 비해 2% 부족하다는 생각을 하곤 했다"며 "100% 만족할 수는 없다고 하더라도 인쇄문화의 메카에 걸맞은 위상을 갖추게 된 것을 기쁘게 생각하며, 앞으로 인쇄업계 종사자들의 자부심을 고취시켜 주는 공간으로서 자리매김하게 될 것"이라고 말했다.

  • PDF

업계동정 단신

  • Korea Poultry Association
    • KOREAN POULTRY JOURNAL
    • /
    • v.38 no.7 s.441
    • /
    • pp.188-194
    • /
    • 2006
  • 풍전부화장-임직원 승진인사 단행/ (주)한펠-고객감사초청세미나 개최 및 승진인사/ (주)마광-영업 및 기타부서 사원 영입/ 우진비엔지(주)-보건복지부장관 표창 수상/ 서울사료(주)-하절기 제품 강화를 통한 대농가 서비스/ 바이엘코리아-곰팡이독소 세미나 개최/ (주)삼양애니팜-품질향상을 위한 주사제 생산시설 교체/ 서부사료-창립37주년 기념행사 개최 및 직원채용/ (주)애그리브랜드 퓨리나코리아-40주년 창립기념식 및 사업전진대회 개최/ (주)경축-창립 36주년 기념 자연보호 행사 개최/ 네오바이오(주)-링거 솔루션 '하이드로솔' 출시/ (주)파루-파리유인제 '파리팡' 출시/ 해훈케미칼(주)-친환경 '파리' 스프레이 유인포충제 '터치킬라-에스' 양계업계 관심집중/ 동부한농-신제푼 넉다운-P, 수퍼킬 출시, 연막·분무 모두 가능한 친환경 살충제 "넉다운-P", 효과 빠른 파리전용 유인 살충제 "수퍼킬"

  • PDF

STUDIES ON THE INTERSPECIFIC RELATIONS BETWEEN COMMON MACKEREL AND HORSE MACKEREL 1. Analysis of Fluctuations in Their Abundance over a Long Period (고등어와 전갱이의 종간상호관계 1. 장기변동의 해석)

  • Kim Ki Joo
    • Korean Journal of Fisheries and Aquatic Sciences
    • /
    • v.3 no.3
    • /
    • pp.149-153
    • /
    • 1970
  • The present study deals with dynamical relationships between variations of common mackerel and horse mackerel catches in the waters adjacent to Korea for the years 1926 to 1969. The materials used here were obtained from Fishery Statistics published by the Bureau of Fisheries and the Fisheries Research and Development Agency of Korea, Secular variations of common mackerel and horse mackerel catches were classified intc five stages from A to E as shown in Fig. 2. As to variations of catch, the two species have alternating cycle trends occurring every ten years. With regard to the long period trend of catch, there is no correlation between annual variations of the species caught. Dynamical relationships between the two species showed a somewhat different pattern of catch as they transferred from one stage to another of the secular variations.

  • PDF

A Study of the Time-Space and Appreciation for the Performance Culture of Gwanseo Region in Late Joseon Period: Focusing on Analysis of Terminology (조선후기 관서지방의 공연 시공간과 향유에 관한 연구)

  • Song, Hye-jin
    • (The) Research of the performance art and culture
    • /
    • no.22
    • /
    • pp.287-325
    • /
    • 2011
  • This paper studies the time-space and appreciation of the performance culture of Gwanseo region, which is considered to have formed a characteristic culture in late Joseon period. For this purpose, 4 gasa written in hangeul (Korean alphabet), as well as 4 yeonhaeng gasa, 108 articles of Gwanseoakbu were examined. Plus, among the 9 types of yeonhaengrok (Documents of Performance culture) written in Chinese character, those parts which describe the performance traits have been analyzed. Then, 'main list of terminology' has been deduced based on the categorization according to the following points : 1) subjects of performance and appreciation 2) time and period of performance 3) space of performance 4) contents of performance 5) background and motive for performance and 6) method of performance. Through this process, various 'nouns' and 'predicate verbs' in relation to performance culture emerged, which were systemized according to types of performance elements and categories. Major terminology includes predicate verbs and symbolic verbs such as nokuihongsang,' 'baekdaehongjang,' 'jeolsaekgeumga,' 'cheonga,' 'hwaryu,' 'gamuja,' and 'tongsoja,' as well as the terms already known such as gisaeng, iwon, yangbang, akgong, and jeonak, which refer to musicians and dancers. Subjects of performance were divided into performers and listeners, categorized into concert, music, and dance, according to performance form. In the case for music, it was divided into instrumental or vocal, solo or accompanied (byeongju, self-accompaniment). In the case for vocal music, noteworthy was the inclusion of profesional artist's singing (called gwangdae or uchang). The record of 23 names of popular artists from Gwanseo region, with mention of special talents for each person, reflects the degree of activeness and artistic level of the province. Depending on the appreciating patrons, the audience were indicated as the terms including 'yugaek (party guest),' jwasang,' 'on jwaseok,' and 'sonnim (guests).' It seems that appraisal for a certain performance was very much affected by the tastes, views, and disposition of the appreciating patrons. Therefore it is interesting to observe different comparative reviews of concerts of different regions given by literary figures, offering various criticism on identical performance. In terms of performance space, it has been divided into natural or architectural space, doing justice to special performance sites such as a famous pavilion or an on-the-boat performance. Specific terms related to the scale and brightness of stage, as well as stage props and cast, based on descriptions of performance space were found. The performance space, including famous pavilions; Yeongwangjeong, Bubyeokru, Baeksangru, Wolparu, and Uigeomjeong, which are all well-known tourist sites of Gwanseo province, have been often visited by viceroys. governors, and envoys during a tour or trip. This, and the fact that full-scale performances were regularly held here, and that more than 15 different kinds of boats which were used for boat concert are mentioned, all confirm the general popularity of boat concerts at the time. Performance time, categorized by season or time of day (am/pm/night) and analyzed in terms of time of occurrence and duration, there were no special limitation as to when to have a performance. Most morning concerts were held as part of official duties for the envoys, after their meeting session, whereas evening concerts were more lengthy in duration, with a greater number of people in the audience. In the case of boat concert, samples include day-time concert and performances that began during the day and which lasted till later in the evening. Major terminology related to performance time and season includes descriptions of time of day (morning, evening, night) and mention of sunset, twilight, moonlight, stars, candles, and lamps. Such terms which reflect the flow of time contributed in making a concert more lively. Terminology for the contents of performance was mostly words like 'instrumental,' 'pungak,' or 'pungnyu.' Besides, contextual expressions gave hints as to whether there were dance, singing, ensemble, solo, and duets. Words for dance and singing used in Gwanseo province were almost identical to those used for gasa and jeongjae in the capital, Hanyang. However, many sentences reveal that performances of 'hangjangmu' of hongmunyeon, sword dance, and baettaragi were on a top-quality level. Moreover, chants in hanmun Chinese character and folk songs, which are characteristic for this region, show unique features of local musical performance. It is judged that understanding the purpose and background of a performance is important in grasping the foundation and continuity of local culture. Concerts were usually either related to official protocol for 'greeting,' 'sending-off,' 'reports,' and 'patrols' or for private enjoyment. The rituals for Gwanseo province characteristically features river crossing ceremony on the Daedong river, which has been closely documented by many. What is more, the Gwanseo region featured continued coming and goings of Pyeongan envoys and local officers, as well as ambassadors to and fro China, which required an organized and full-scale performance of music and dance. The method of performance varied from a large-scale, official ones, for which female entertainers and a great banquet in addition to musicians were required, to private gatherings that are more intimate. A performance may take the form of 'taking turns' or 'a competition,' reflecting the dynamic nature of the musical culture at the time. This study, which is deduction of terminology in relation to the time-space and appreciation culture of musical performances of Gwanseo region in late Joseon period, should be expanded in the future into research on 'the performance culture unique to Gwanseo region,' in relation to the financial and administrative aspects of the province, as well as everyday lifestyle. Furthermore, it could proceed to a more intensive research by a comparative study with related literary documents and pictorial data, which could serve as the foundation for understanding the use of space and stage, as well as the performance format characteristic to Korean traditional performing arts.