A Study on the Audit Times for Each Position and the Audit Risk : Focusing on the Accounting Firm Type

The purpose of this study is to analyze the decision factors of audit risk by using the audit times for each position announced in the audit. The sample of this study sets up a regression model that sets the audit times of each position classified as the dependent variable announced from FY2014 to FY2015 in DART, and as the independent variables and the control variables that can affect the audit risk. In the regression model, the audit time (log) of the registered accountant had the best explanation power. In the case that the audit time (log) of the registered CPA was used as the dependent variable, the audit time was found to significantly increase in the auditor designation company, the initial audit company, the company with high debt ratio, the company that received not the unqualified opinion either in this term or in the last term, and the company with a large natural log value of the total assets