Audit committee characteristics and earning management: a study in companies listed on the BM&FBOVESPA
The study aimed to determine whether characteristics of the Audit Committee reflect in to Earning Management of Brazilian Companies listed on the BM&FBovespa. We analyzed 31 companies in 2010 and 33 companies in 2011. The population corresponds companies listed on the BM&FBovespa, to...
| Autores: | , , , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2014 |
| País: | Brasil |
| Institución: | Universidade de São Paulo (USP) |
| Repositorio: | Revista de contabilidade e organizações |
| Idioma: | portugués |
| OAI Identifier: | oai:revistas.usp.br:article/58500 |
| Acceso en línea: | https://www.revistas.usp.br/rco/article/view/58500 |
| Access Level: | acceso abierto |
| Palabra clave: | Audit Committee. Earnings Management. Corporate Governance Comitê de Auditoria Gerenciamento de Resultados Governança Corporativa |
| Sumario: | The study aimed to determine whether characteristics of the Audit Committee reflect in to Earning Management of Brazilian Companies listed on the BM&FBovespa. We analyzed 31 companies in 2010 and 33 companies in 2011. The population corresponds companies listed on the BM&FBovespa, totaling 415 companies. We excluded financial institutions and companies that do not have the Audit Committee, leaving a total of 61 companies. Of this total, we excluded companies that did not have the characteristics size, expertise and independence, and those who did not have complete information for the calculation of earnings management by modified Jones model. The final sample was 31 companies in 2010 and 33 companies in 2011. The results show that most of the Audit Committees are composed of up to three members and up to two members considered independent. Regarding the expertise found himself equal frequency distribution for companies with one and two members trained in accounting or related areas of finance, which totals approximately 50% of the companies. In respect of the earning management and the characteristics of the audit committee, in 2010 found that only three variables, leverage, audit and industry contributed significantly to the initial model. It was found that only the variable leverage showed influence on the dependent variable. Since the year 2011 showed that none of the independent variables were related to the dependent variable called earning management. It was concluded that the characteristics of the Audit Committee had studied the influence on earning management. |
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