English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113451/144438 (79%)
Visitors : 51270155      Online Users : 841
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    政大機構典藏 > 商學院 > 會計學系 > 學位論文 >  Item 140.119/99299
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/99299


    Title: 財務長與審計委員會相對影響力及客戶重要性對財務報導品質之影響
    The Impact of CFO versus Audit Committee Power and Client Importance on Financial Reporting Quality
    Authors: 宋尹綉
    Contributors: 金成隆
    宋尹綉
    Keywords: 財務長
    審計委員會
    相對任期
    財務報表重編
    客戶重要性
    CFO
    audit committee
    relative tenure
    financial restatement
    client importance
    Date: 2016
    Issue Date: 2016-07-20 16:40:33 (UTC+8)
    Abstract:   本研究以財務長與審計委員會相對任期作為財務長與審計委員會相對影響力之指標,探討財務長與審計委員會相對影響力對財務報表重編之影響。利用2007至2014年間中國滬深A股為樣本,本研究發現,財務長之任期較審計委員會長時,財務報表越有可能重編,顯示財務長相對於審計委員會影響力較大時,會降低財務報表品質。本研究亦發現,前述情況並不因為客戶重要性較高而更加明顯,顯示財務長與審計委員會相對影響力與財務報表重編之關係,不會受到客戶重要性的影響。
      This thesis uses the relative tenures of CFO and audit committee as an indicator of the relative power between CFO and audit committee, and examines the relation between the relative power of CFO versus audit committee and the probability of financial restatement. Based on a sample of A-share stocks listed in Shanghai and Shenzhen during 2007-2014, the empirical result shows that when CFO has relative higher tenure than audit committee, the incidence of financial restatement increases. This result suggests that CFO who has more power than audit committee tends to compromise the quality of financial statement, at least in terms of financial restatement. The empirical result also shows that the effect of the relative power of CFO and audit committee does not vary among clients’ importance.
    Reference: 于鵬,2007,股權結構與財務重述:來自上市公司的證據,經濟研究,第9期:134-144。
    王守海與李雲,2012,管理層干預、審計委員會獨立性與盈餘管理,審計研究,第4期:68-75。
    王雄元與管考磊,2007,關於審計委員會特徵與資訊披露品質的實證研究,審計研究,第6期:42-49。
    王霞、薛躍與于學強,2011,CFO的背景輔征與會計資訊品質——基於中國財務重述公司的經驗證據,財經研究,第9期:123-133。
    伍利娜,2003,盈餘管理對審計費用影響分析——來自中國上市公司首次審計費用披露的證據,會計研究,第12期:39-44。
    劉啟亮、陳漢文與姚易偉,2006,客戶重要性與審計品質——來自中國上市公司的經驗證據,中國會計與財務研究,第4期:47-94。
    劉峰、張立民與雷柯洛,2002,我國審計市場制度安排與審計品質需求——中天勤客戶流向的案例分析,會計研究,第12期:22-27。
    張為國與王霞,2004,中國上市公司會計差錯的動因分析,會計研究,第4期:24-29。
    李建然、許書偉與陳政芳,2003,非審計服務與異常應計數之關聯性研究,會計評論,第37期(7月):1-30。
    李曉玲與劉中燕,2016,CFO持股對上市公司盈餘管理的影響,中南財經政法大學學報,第1期:82-88。
    楊忠蓮與楊振慧,2006,獨立董事與審計委員會執行效果研究:來自報表重述的證據,審計研究,第2期:81-85。
    楊忠蓮與徐政旦,2004,我國公司成立審計委員會動機的實證研究,審計研究,第1期:19-24。
    姜英兵、崔剛與汪要文,2010,上市公司財務報表重述的趨勢與特徵:2004-2008,上海立信會計學院學報,第24期(2月):17-27。
    洪劍峭與方軍雄,2009,審計委員會制度與盈餘品質的改善,南開管理評論,第4期:107-112。
    喻小明、聶新軍與劉華,2008,事務所客戶重要性影響審計品質嗎?——來自A股市場2003-2006年的證據,會計研究,第10期:66-72。
    謝永珍,2006,中國上市公司審計委員會治理效率的實證研究,南開管理評論,第9期(1月):66-73。
    翟華雲,2007,審計委員會和盈餘品質——來自中國證券市場的經驗證據,審計研究,第6期:50-57。
    蔡衛星與高明華,2009,審計委員會與資訊披露品質,南開管理評論,第4期:120-127。
    蔡春、謝柳芳與馬可哪呐,2015,高管審計背景、盈餘管理與異常審計收費,會計研究,第3期:72-78。
    濮曉達,2003,美國審計委員會制度的發展歷程,財會月刊:綜合版,第12期:51-52。
    魏志華、李常青與王毅輝,2009,中國上市公司年報重述分析:1999-2007,證券市場導報,第6期:31-38。
    Abbott, L. J., Y. Park, and S. Parker. 2000. The effects of audit committee activity and independence on corporate fraud. Managerial Finance 26 (11): 55-68.
    Abbott, L. J., S. Parker, and G. F. Peters. 2004. Audit committee characteristics and restatements. Auditing: A Journal of Practice & Theory 23 (1): 69-87.
    Abbott, L. J., S. Parker, G. F. Peters, and K. Raghunandan. 2003. The association between audit committee characteristics and audit fees. Auditing: A Journal of Practice & Theory 22 (2): 17-32.
    Adams, R. B., H. Almeida, and D. Ferreira. 2005. Powerful CEOs and their impact on corporate performance. Review of Financial Studies 18 (4): 1403-1432.
    Agrawal, A., and S. Chadha. 2005. Corporate governance and accounting scandals. Journal of Law and Economics 48 (2): 371-406.
    Aier, J. K., J. Comprix, M. T. Gunlock, and D. Lee. 2005. The financial expertise of CFOs and accounting restatements. Accounting Horizons 19 (3): 123-135.
    Arruñada, B. 2013. The economics of audit quality: private incentives and the regulation of audit and non-audit services. Springer Science & Business Media.
    Baber, W., S. Kang, and L. Liang. 2006. Strong boards, external governance, and accounting restatement. Working paper, George Washington University.
    Badertscher, B. A. 2007. Overvaluation and its effect on management`s choice of alternative earnings management mechanisms. ProQuest.
    Barr, A., and I. J. Galpeer. 1987. McKesson & Robbins. Journal of Accountancy 163 (5): 159-161.
    Beasley, M. S. 1996. An empirical analysis of the relation between the board of director composition and financial statement fraud. Accounting Review 71 (4): 443-465.
    Beck, M. J., and E. G. Mauldin. 2014. Who`s really in charge? Audit committee versus CFO power and audit fees. The Accounting Review 89 (6): 2057-2085.
    Beck, P. J., T. J. Frecka, and I. Solomon. 1988a. An empirical analysis of the relationship between MAS involvement and auditor tenure: Implications for auditor independence. Journal of Accounting Literature 7 (1): 65-84.
    ———. 1988b. A model of the market for MAS and audit services: Knowledge spillovers and auditor-auditee bonding. Journal of Accounting Literature 7 (1): 50-64.
    Beeler, J. D., and J. E. Hunton. 2001. Contingent economic rents: Precursors to predecisional distortion of client information. Unpublished Working Paper, University of South Carolina.
    Bergstresser, D., and T. Philippon. 2006. CEO incentives and earnings management. Journal of financial economics 80 (3): 511-529.
    Casterella, J. R., J. R. Francis, B. L. Lewis, and P. L. Walker. 2004. Auditor industry specialization, client bargaining power, and audit pricing. Auditing: A Journal of Practice & Theory 23 (1): 123-140.
    Chen, S., S. Y. Sun, and D. Wu. 2010. Client importance, institutional improvements, and audit quality in China: An office and individual auditor level analysis. The Accounting Review 85 (1): 127-158.
    Cheng, Q., and T. D. Warfield. 2005. Equity incentives and earnings management. The Accounting Review 80 (2): 441-476.
    Chi, H. Y., and C. L. Chin. 2009. Reducing restatements with increased industry expertise. Contemporary Accounting Research 26 (3): 729-765.
    Ciesielski, J. T., and T. R. Weirich. 2006. Reading the SEC`s tea leaves. Journal of Corporate Accounting & Finance 17 (6): 43-55.
    Dechow, P. M., R. G. Sloan, and A. P. Sweeney. 1996. Causes and consequences of earnings manipulation: An analysis of firms subject to enforcement actions by the SEC. Contemporary Accounting Research 13 (1): 1-36.
    DeFond, M. L., and J. Jiambalvo. 1991. Incidence and circumstances of accounting errors. Accounting Review 66(3): 643-655.
    Desai, H., C. E. Hogan, and M. S. Wilkins. 2006. The reputational penalty for aggressive accounting: Earnings restatements and management turnover. The Accounting Review 81 (1): 83-112.
    DeZoort, F. T., and S. E. Salterio. 2001. The effects of corporate governance experience and financial-reporting and audit knowledge on audit committee members` judgments. Auditing: A Journal of Practice & Theory 20 (2): 31-47.
    Dopuch, N., R. R. King, and R. Schwartz. 2003. Independence in appearance and in fact: An experimental investigation. Contemporary Accounting Research 20 (1): 79-114.
    Efendi, J., A. Srivastava, and E. P. Swanson. 2007. Why do corporate managers misstate financial statements? The role of option compensation and other factors. Journal of Financial Economics 85 (3): 667-708.
    Feng, M., W. Ge, S. Luo, and T. Shevlin. 2011. Why do CFOs become involved in material accounting manipulations? Journal of Accounting and Economics 51 (1-2): 21-36.
    Finkelstein, S. 1992. Power in top management teams: Dimensions, measurement, and validation. Academy of Management journal 35 (3): 505-538.
    Frankel, R. M., M. F. Johnson, and K. K. Nelson. 2002. The relation between auditors` fees for nonaudit services and earnings management. The Accounting Review 77 (s-1): 71-105.
    Fuller, J., and M. C. Jensen. 2002. Just say no to Wall Street: Putting a stop to the earnings game. Journal of Applied Corporate Finance 14 (4): 41-46.
    Geiger, M. A., and D. S. North. 2006. Does hiring a new CFO change things? An investigation of changes in discretionary accruals. The Accounting Review 81 (4): 781-809.
    Gore, A., S. Matsunaga, and P. Yeung. 2007. The relation between financial monitoring and incentives for chief financial officers. Unpublished Working Paper, George Washington University.
    Graham, J. R., C. R. Harvey, and S. Rajgopal. 2005. The economic implications of corporate financial reporting. Journal of Accounting and Economics 40 (1): 3-73.
    Hirschey, M., Z. V. Palmrose, and S. Scholz. 2003. Long-term market underreaction to accounting restatements. Working paper, University of Kansas.
    Hribar, P., and N. T. Jenkins. 2004. The effect of accounting restatements on earnings revisions and the estimated cost of capital. Review of Accounting Studies 9 (2-3): 337-356.
    Indjejikian, R., and M. Matějka. 2009. CFO fiduciary responsibilities and annual bonus incentives. Journal of Accounting Research 47 (4): 1061-1093.
    Jiang, J., K. R. Petroni, and I. Yanyan Wang. 2010. CFOs and CEOs: Who have the most influence on earnings management? Journal of Financial Economics 96 (3): 513-526.
    Kinney, W. R., and L. S. McDaniel. 1989. Characteristics of firms correcting previously reported quarterly earnings. Journal of Accounting and Economics 11 (1): 71-93.
    Kinney, W. R., Z. V. Palmrose, and S. Scholz. 2004. Auditor independence, non‐audit services, and restatements: Was the US government right? Journal of Accounting Research 42 (3): 561-588.
    Klein, A. 2002. Audit committee, board of director characteristics, and earnings management. Journal of Accounting and Economics 33 (3): 375-400.
    Knapp, M. C. 1987. An empirical study of audit committee support for auditors involved in technical disputes with client management. The Accounting Review 62(3): 578-588.
    Larcker, D. F., S. A. Richardson, and I. Tuna. 2007. Corporate governance, accounting outcomes, and organizational performance. The Accounting Review 82 (4): 963-1008.
    Levitt Jr, A. 1998. The numbers game. The CPA Journal 68 (12): 14.
    Matejka, M. 2007. CFO compensation and incentives survey. Working paper, University of Michigan.
    McMullen, D. A. 1996. Audit committee performance: An investigation of the consequences associated with audit committees. Auditing: A Journal of Practice & Theory 15 (1): 87-103.
    Mergenthaler, R., S. Rajgopal, and S. Srinivasan. 2008. CEO and CFO career consequences to missing quarterly earnings benchmarks. Unpublished Working paper, University of Iowa.
    Myers, J. N., L. A. Myers, and Z. V. Palmrose. 2005. The length of auditor-client relationships and financial statement restatements. Working paper, University of Texas A & M.
    Palmrose, Z. V., V. J. Richardson, and S. Scholz. 2004. Determinants of market reactions to restatement announcements. Journal of Accounting and Economics 37 (1): 59-89.
    Palmrose, Z. V., and S. Scholz. 2000. Restated financial statements and auditor litigation. SSRN Working Paper.
    Palmrose, Z. V., and S. Scholz. 2004. The circumstances and legal consequences of non‐GAAP reporting: Evidence from restatements. Contemporary Accounting Research 21 (1): 139-180.
    Qiu, A. 2004. Audit quality and earnings management: Empirical evidence from China`s stock market. Unpublished Ph. D. dissertion, The Hong Kong Polytechnic University.
    Raghunandan, K., D. Rama, and D. P. Scarbrough. 1998. Accounting and auditing knowledge level of Canadian audit committees: Some empirical evidence. Journal of International Accounting, Auditing and Taxation 7 (2): 181-194.
    Raghunandan, K., D. V. Rama, and W. J. Read. 2001. Audit committee composition,“gray directors,” and interaction with internal auditing. Accounting Horizons 15 (2): 105-118.
    Raghunandan, K., W. J. Read, and J. S. Whisenant. 2003. Initial evidence on the association between nonaudit fees and restated financial statements. Accounting Horizons 17 (3): 223-234.
    Richardson, S., I. Tuna, and M. Wu. 2003. Capital market pressures and earnings management: The case of earnings restatements. Working paper, University of Pennsylvania.
    Scarbrough, D. P., D. V. Rama, and K. Raghunandan. 1998. Audit committee composition and interaction with internal auditing: Canadian evidence. Accounting Horizons 12 (1): 51.
    Sharma, V. D., and E. R. Iselin. 2012. The association between audit committee multiple-directorships, tenure, and financial misstatements. Auditing: A Journal of Practice & Theory 31 (3): 149-175.
    Sharma, V. D., D. S. Sharma, and U. Ananthanarayanan. 2011. Client importance and earnings management: The moderating role of audit committees. Auditing: A Journal of Practice & Theory 30 (3): 125-156.
    Simsek, Z. 2007. CEO tenure and organizational performance: An intervening model. Strategic Management Journal 28 (6): 653-662.
    Simunic, D. A. 1984. Auditing, consulting, and auditor independence. Journal of Accounting Research 22(2): 679-702.
    Srinivasan, S. 2005. Consequences of financial reporting failure for outside directors: Evidence from accounting restatements and audit committee members. Journal of Accounting Research 43 (2): 291-334.
    Wallace, W. A., and R. W. Kreutzfeldt. 1991. Distinctive characteristics of entities with an internal audit department and the association of the quality of such departments with errors. Contemporary Accounting Research 7 (2): 485-512.
    Description: 碩士
    國立政治大學
    會計學系
    103353023
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0103353023
    Data Type: thesis
    Appears in Collections:[會計學系] 學位論文

    Files in This Item:

    File SizeFormat
    302301.pdf911KbAdobe PDF287View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback