In this study, we examine the effect of financial statement comparability on audit hours, which we use as a proxy for audit efficiency. We examine the hours worked by auditors in completing 2322 audits in Korea between 2006 and 2010. Audit efficiency can be determined by the total audit effort...

In this study, we examine whether related party transactions (RPT) are used as a mechanism for tunneling among firms belonging to large business groups in Korea (chaebols). Using 982 firm-year data of publicly traded firms in Korea, we find that the control–ownership wedge is positively...

This study analyzed the relationship between firm market power and audit fee decision. Specifically, the impact of the market power measured by market share on audit fee was determined, and also the impact of the company's governance structure on the relationship between market power and audit...