The Correlation study of Audit Committee Characteristics on Information Disclosure and Financial Restatement

• Main Authors: I-Liu Wei, 魏伊柳
• Other Authors: Hui-Chung Yeh
• Format: Others
• Language: zh-TW
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/86789293951437421209

碩士 === 國立高雄應用科技大學 === 企業管理系碩士在職專班 === 101 === Corporate governance in well-functioning mechanisms is the responsibility of enterprise and improves the level of information disclosure. Recently, in order to enhance corporate governance performance, the government had amended the related rules about the establishment of audit committee. The Audit Committee is a committee under the Board's functions, composed of independent directors,included at least one member with financial expertise,and aims at improving the Corporate governance effectiveness The purpose of this study is to explore the correlation of the establishment and characteristics of audit committee on information disclosure and financial restatements. We find that the establishment of audit committee exhibits a significant and positive association with information disclosure. We also document a significant negative association between the establishment of audit committee and financial restatements. The number of members of audit committee and audit committee at least one member with financial expertise significantly affect information disclosure.