Resumen
The purpose of this research is to investigate whether internal control (IC) managers? experience in accounting influences audit quality, employing a regression analysis by utilizing a novel dataset of Korean firms from 2018 to 2020. According to the findings, IC managers who have a deeper understanding of accounting or more expertise in the field have a positive impact on audit quality. Nuancing this link between the accounting-specific experiences of IC managers and audit quality, the study examines how ESG investment impacts the relationship between IC managers? accounting-related experiences and audit quality. The result confirms that the negative effect of low ESG investment on a firm?s sustainability is reduced when IC managers are with strong accounting competency. In other words, in a circumstance in which a company?s audit risk is high due to insufficient ESG investments, IC managers?s high degree of accounting proficiency cope with audit risk to increase audit quality. Additionally, by analyzing a dataset recently obtained from Korea that assesses the level of accounting expertise possessed by IC managers, it has become evident that this experience plays a key role in the process of improving audit quality. These findings imply that policymakers? and standard setters? efforts to promote high-quality audits should be coordinated with IC managers? accounting experiences.