The relationship between change of directors and restatement.

• Main Authors: Yi-Wen Chuang, 莊逸文
• Other Authors: Yan-Jie Yang
• Format: Others
• Language: zh-TW
• Published: 2017
• Online Access: http://ndltd.ncl.edu.tw/handle/8akzx9

碩士 === 元智大學 === 財務金融暨會計碩士班(會計學程) === 105 === In recent year, director departure and corporate governance are the important issues. From prior researches, the corporate governance may arise the financial reporting quality and decrease the opportunity of restatement. This thesis aims to examine the association between board of directors and financial reporting quality. I use the restatement firms for observations, and compare the prior director departure rate with director departure rate after restatement to realize whether the director departure rate is associate with financial reporting restatement or not. Furthermore, I test whether the independence (expertise) directors can responsible for supervise the management. The empirical evidence reveals that there are obvious director departure rate before restatement, especially general directors rather than independent directors. Moreover, I distinguish the expertise director into three groups (accounting, financial and law) to test the association between departure rate and restatement.The result reveals that the director with financial expertise has higher departure rate. Finally, if the directors are independent director as well as the expertise at the same time, the departure rate will higher than general director. Besides, the empirical results after corporate restate financial reporting are the same with the corporate before restatement except the director with financial expertise and expertise directors with independent. These two categories’ departure rates are not significant. It means that they tend to depart corporate when they find some problems rather than until the troubles take place.