Kwon Geejung

Periodic Auditor Designation, Audit Fees and Audit Effort: Evidence from the Korean Mandatory Designation Regime

From fiscal year 2020, Korea has required a listed company that has kept the same auditor for six consecutive years to accept an auditor chosen by the securities regulator and keep it for three years. This study estimates what the rule costs and what it delivers. Using 17,890 fir...