| Summary: | 碩士 === 國立高雄應用科技大學 === 會計系 === 105 === In order to strengthen corporate governance, Taiwan amended Securities and Exchange Act to introduce independent directors and audit committee system in 2006, and gradually expands the mandatory establishment of the audit committee to replace the supervisor system. By 2015, however, the number of listed companies has set up audit committee accounted for only 33% of total, indicating that the supervisors are still prevalent in the corporate governance mechanism in Taiwan, so the authorities still have the necessity to regulate the supervisor system. In this study, the real earnings management was used as the proxy of the financial reporting quality, to measure the effectiveness of supervisors. Listed companies in Taiwan from 2007~2015 are used as the sample. This study first examines the relationship between supervisor and financial reporting quality, then investigates the moderating effects of education, gender and professional background. The empirical results show that supervisor has no significant impact on financial reporting quality, but higher education degree, at least one member is female or have professional background of supervisor can significantly inhibit the company's real earnings management behavior, and further enhance financial reporting quality. Therefore, this study recommends that the authority should regulate the qualifications of the supervisor in order to improve the supervisory function.
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