| Summary: | 碩士 === 國立高雄應用科技大學 === 會計系 === 102 === It is generally believed audit committee has significant influence on the restatements of financial statement. From 2007, Taiwan government carried out a financial policy, which was to require every companies to set up their own audit committee. This project is to quantitatively research and qualitative research the relation between the audit committee and the restatements in Taiwan. By using Logistic regression analysis, we find that they may not have positive correlation.
This project is based on the data of the Taiwan Economic Journal Publications Inc (TEJ) from 2007 to 2012. The quality of financial statement is measured by the frequency of restating financial report due to the accounting errors. We study the quality of financial statement and four different factors of committee, including the setup, its size, the frequency of meeting, and the number of financial and accounting professionals.
The result of the research indicates that these four factors have insignificant correlation to the financial statement in our sample. This conclusion is against to what is generally believed in other countries. It may caused by the unique culture of Taiwan or some other reason which can be studied in the future.
Keywords: Restated financial statements, Audit Committee, Corporate Governance
|
|---|
