The Effect of Audit Specialist of Information System on Audit Risk: Evidence from Korea

Purpose- The purpose of this study is to analyze the influence of IS audit time variables using accrual quality as a proxy for audit risk. Design/methodology/approach- The sample population of this study includes the firms that publicly noticed the special auditor time of IS from 2014 to 2017. Findings- In the case of the absolute value of discretionary accrual quality by the dependent variable is found to be significant. Based on the main variables of IS audit (In), the audit specialist time of IS is found to be significantly and negatively influential. This means that a rise in the audit specialist time of IS significantly negative influences the absolute value of accrual quality and thereby reduces audit risk. Research implications or Originality- This study is meaningful in that it researches empirically the effect of IS audit time on audit risk in a situation where the importance of IS audit is emphasized. This study suggests that it is sustainable to enhance the professionalism of IS audit to respond to the rapidly changing auditing market along with the development of IT.