Board of Director Composition and Audit Opinions
This paper empirically examines the relation between board of director composition and audit opinions using paired ttest, Wilcoxon matched-pair sign-rank test, and conditional logistic regression model. Based on a cross-sectional sample of 94 listed Chinese firms, the results indicate that there are no significant differences in proportion of independent directors and existence of audit committee between 47 firms with modified opinions and 47 firms with clean opinions. This results may imply that the role of independent directors and audit committee on monitoring the .nancial reporting process is not effective in listed Chinese firms. In addition, the results also indicate that firms with good performance are less likely to receive modified opinions than firms with bad performance.
independent directors audit committee audit opinions
Li Wenyao Li Qin
School of Economics and Management Wuhan University Wuhan, P.R.China School of Economics and Management Wuhan Institute of Technology Wuhan, P.R.China
国际会议
上海
英文
2007-09-21（万方平台首次上网日期，不代表论文的发表时间）