물가상승률을 고려한 K-IFRS 도입 전후의 감사보수 분석 (The Analysis of Audit Fees Before and After K-IFRS Adoption Considering Inflation)

Issues such as the complexity of accounting analysis, lack of guidance, and the deficiencyof unified interpretation are expected to affect the audit fees of auditors with the introductionof the 2011 International Financial Reporting Standards (IFRS) as influenced by thePrinciple-based Standards. In this sense, this empirical study attempts to analyze the effect ofaudit fees before and after the introduction of the 2011 K-IFRS at the point of time whenK-IFRS was mandatorily introduced in 2011. Previous studies were reviewed, hypotheses weretested using the regression method, and analysis was done after adjusting the audit fee incomparison with the audit fee of the next year as current value by considering the audit feeand the time value of money.
Results show that there was a significant difference before and after the adoption ofK-IFRS in the regression analysis of the audit fee model 1. However, in the regressionanalysis of the audit fee model, which adjusts the fee to the consumer price inflation rate of4%, there was no difference in audit fees before and after the adoption of K-IFRS. Finally,there was no difference found in the audit fees before and after the adoption of K-IFRS inthe regression analysis of audit fee model 3 that adjusts the fee to the market price increaserate of 7.3%.
Consequently the analysis results about the effect of audit fees in Korea with the adoptionof 2011 IFRS show that the difference in audit fees in 2010 and 2011 is not the differencecaused by the adoption of K-IFRS, but the difference was attributed to the increase of generalinflation in consumer prices.

Issues such as the complexity of accounting analysis, lack of guidance, and the deficiencyof unified interpretation are expected to affect the audit fees of auditors with the introductionof the 2011 International Financial Reporting Standards (IFRS) as influenced by thePrinciple-based Standards. In this sense, this empirical study attempts to analyze the effect ofaudit fees before and after the introduction of the 2011 K-IFRS at the point of time whenK-IFRS was mandatorily introduced in 2011. Previous studies were reviewed, hypotheses weretested using the regression method, and analysis was done after adjusting the audit fee incomparison with the audit fee of the next year as current value by considering the audit feeand the time value of money.
Results show that there was a significant difference before and after the adoption ofK-IFRS in the regression analysis of the audit fee model 1. However, in the regressionanalysis of the audit fee model, which adjusts the fee to the consumer price inflation rate of4%, there was no difference in audit fees before and after the adoption of K-IFRS. Finally,there was no difference found in the audit fees before and after the adoption of K-IFRS inthe regression analysis of audit fee model 3 that adjusts the fee to the market price increaserate of 7.3%.
Consequently the analysis results about the effect of audit fees in Korea with the adoptionof 2011 IFRS show that the difference in audit fees in 2010 and 2011 is not the differencecaused by the adoption of K-IFRS, but the difference was attributed to the increase of generalinflation in consumer prices.