Communication During the Pandemic: Use of Videoconferencing in Audit Committee-Auditor Communication

39 Pages Posted: 11 Dec 2022

See all articles by Meeok Cho

Meeok Cho

Kyung Hee University

Jaehee Jo

Seoul National University

Taejin Jung

Hanyang University - School of Business

Natalie Kyung Won Kim

Seoul National University - College of Business Administration

Date Written: May 25, 2022

Abstract

Using Korean listed firms’ mandatory disclosure of the communication method for meetings between the audit committee and auditors from 2019 to 2020, we find that videoconferencing leads to lower audit quality. We find that neither the independence nor the expertise of the audit committee affects the relationship between videoconferencing and audit quality. However, holding more frequent formal audit committee meetings mitigates the negative impact of videoconferencing on audit quality. Overall, our paper sheds light on the types of communication between the audit committee and auditors and contributes to the literature on information processing by audit committee.

Keywords: COVID-19, Audit Committee, Communication, Videoconferencing

JEL Classification: M40, M42

Suggested Citation

Cho, Meeok and Jo, Jaehee and Jung, Taejin and Kim, Natalie Kyung Won, Communication During the Pandemic: Use of Videoconferencing in Audit Committee-Auditor Communication (May 25, 2022). Available at SSRN: https://ssrn.com/abstract=4296139 or http://dx.doi.org/10.2139/ssrn.4296139

Meeok Cho

Kyung Hee University ( email )

Department of Accounting and Taxation
School of Management
Seoul
Korea, Republic of (South Korea)

Jaehee Jo

Seoul National University ( email )

Kwanak-gu
Seoul, 151-742
Korea, Republic of (South Korea)

Taejin Jung (Contact Author)

Hanyang University - School of Business ( email )

222, Wangsimni-ro
Seongdong-gu
Seoul
Korea

Natalie Kyung Won Kim

Seoul National University - College of Business Administration ( email )

Seoul, 151-742
Korea, Republic of (South Korea)

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