A Study of the Association among Audit Committees、Audit Fees and Financial Restatements

• Main Authors: Yi-Fen Lai, 賴怡芬
• Other Authors: Jo-Lan Liu
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/3sstqn

碩士 === 國立臺中科技大學 === 會計資訊系會計與財稅碩士班 === 102 === Since the Securities and Exchange Act amended, a company issued stock shall establish either an audit committee or a supervisor. This study not only examines the effect of audit committee on audit fees and financial restatements, it also investigates the relationship between audit fees and subsequent financial statement restatements. The empirical results show that firms with audit committee have higher audit fees and lower occurrence of financial statement restatements than those of firms without audit committees. However, the empirical result does not find that abnormal audit fees are significantly associated with the likelihood that financial statements are subsequently restated. Overall, the empirical evidence supports firms with audit committee have higher financial statement quality.