The effect of different levels of internal control over financial reporting regulation on the quality of accounting information: evidence from Korea
- Authors
- Oh, Kwangwuk; Choi, Wooseok; Jeong, Seok Woo; Pae, Jinhan
- Issue Date
- 2014
- Publisher
- ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
- Keywords
- ICFR; accounting information quality; discretionary accruals; SOX 404
- Citation
- ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS, v.21, no.4, pp.412 - 442
- Indexed
- SSCI
SCOPUS
- Journal Title
- ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS
- Volume
- 21
- Number
- 4
- Start Page
- 412
- End Page
- 442
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/101009
- DOI
- 10.1080/16081625.2014.880203
- ISSN
- 1608-1625
- Abstract
- This study investigates the effect of different levels of internal control over financial reporting (ICFR) regulations on accounting information quality. Stricter ICFR regulation restricts the opportunistic behavior of managers, leading to better accounting information quality. Strictly regulated firms tend to report lesser discretionary accruals. The results of this study indicate that the accounting information quality of less strictly regulated firms deteriorated, while there was no significant change in the accounting information quality of strictly regulated firms. This implies that the effect of ICFR regulation depends more on the enforcement rather than the adoption of the regulations.
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- Appears in
Collections - College of Global Business > Global Business in Division of Convergence Business > 1. Journal Articles
- Korea University Business School > Department of Business Administration > 1. Journal Articles
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