A Study on the Relationship between the Independent Board Director/Supervisor System and Restatement of Financial Statements in Taiwan

• Main Authors: Hsueh-Tien Lu, 呂學典
• Other Authors: Der-Jang Chi
• Format: Others
• Language: zh-TW
• Published: 2007
• Online Access: http://ndltd.ncl.edu.tw/handle/04843554952577109348

碩士 === 中國文化大學 === 會計研究所 === 95 === This study engages in study concerning 34 companies dealing with restatement of financial statements with occurrence of “error correction” type during the period of 2002 to 2005 since the commencement of the related matters in actualizing the initial time of applying for establishing independent board directors and supervisors of the listed (OTC) companies in accordance with the “Listing (OTC) Review Crite-ria” enforced in 2002, concerning the percentage of failing to provide independent board directors and supervisors, magnitude and professionalism of these 34 compa-nies that are in the same industry, period and magnitude. It is found in this study, the percentage of failing to provide independent board directors and supervisors and professionalism of the companies in need of restated their financial statements are obviously lower than those companies without a need of restated their financial statements; the companies in need of restated their financial statements are more nonconforming to the magnitude of providing more than 2 independent board direc-tors and 1 supervisor required in the “Listing (OTC) Review Criteria”.