The Effect of the Same Big 4 Auditor and K-IFRS on Comparability of Earnings

Shik, Kim Yong; Park, Sanghun; Kang, Suna

doi:10.24056/kar.2017.07.002

Cited by 1 publication

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“…The authors concluded that this result can be attributed to independent outside directors' monitoring effect on managers' financial reporting. Kim (2013) confirmed a significant increase in the extent of manager-auditor disagreement after the Korean International Financial Reporting Standards (K-IFRS) implementation. This suggests that challenges in preparing financial statements may lead to differences in opinions between managers and auditors.…”

Section: Literature Review and Hypothesesmentioning

confidence: 75%

Impact of internal control system managers’ education on financial reporting: Focusing on manager-auditor disagreement

Kim

2024

Investment Management and Financial Innovations

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The purpose of this study is to explore the correlation between internal control system (ICS) managers and the quality of financial reporting, assessed through the disagreements observed between managers and auditors. Using the regression model, an analysis of 5,007 firms from 2018 to 2021 shows a negative relationship. This suggests that as the education level of ICS managers increases, their proficiency in preparing initial financial statements improves, resulting in fewer errors and more accurate application of accounting policies. Consequently, a higher level of alignment between managers and auditors is anticipated, contributing to an overall enhancement in the quality of financial reporting. Additionally, this study thoroughly examines the correlation within firms operating in environments characterized by increased complexity and a heightened susceptibility to financial statement vulnerabilities. This evaluation is predicated upon the engagement in research and development (R&amp;D) investments. The result suggests that higher education levels of ICS managers mitigate the disagreement between managers and auditors, even within intricate business environments.

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Section: Literature Review and Hypothesesmentioning

confidence: 75%

Impact of internal control system managers’ education on financial reporting: Focusing on manager-auditor disagreement

Kim

2024

Investment Management and Financial Innovations

View full text Add to dashboard Cite

show abstract

The Effect of the Same Big 4 Auditor and K-IFRS on Comparability of Earnings

Cited by 1 publication

References 0 publications

Impact of internal control system managers’ education on financial reporting: Focusing on manager-auditor disagreement

Impact of internal control system managers’ education on financial reporting: Focusing on manager-auditor disagreement

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