CFO Background Characteristics Of Chinese Listed Companies And Financial Restatement

The problem of financial restatement has been the focus of accounting theory and practice. Access to relevant paper, financial restatement impact factors are basically centered on the company level, such as corporate governance structure,the company’s financial position, few scholars would use the view of the company’s management to analyze the problem. Therefore,962listed company’s which occurred the financial restatement behavior between2001and2008data In this paper. Using descriptive statistics and logistic regression analysis and other methods to research on the correlation of the listed company CFO background characteristics and the financial restatement, through the enhancement of CFO quality to improve the quality of accounting information, and reduce the financial restatement behavior.The results show that:CFO,who is director,can reduce the financial restatement behavior; female sex and higher academic levels CFO can effectively reduce the occurrence of corporate financial restatement; The CFO who get the certificate of CPA, can control the financial restatement occurs; the level of salary has a significant correlation with financial restatement, high salary of the CFO where listed companies in the probability of financial restatements will be less than the listed companies where the low-paid CFO.Finally, based on the analysis of the theory and empirical findings in this article, the author proposes some recommendations to improve the quality of accounting information and reduce the financial restatement.Include, improve the CFO salary incentives, improve the corporate governance mechanism, strengthening of the CFO building of professional ethics, strengthening of the CFO professional competence training, great importance to the appointment of female CFO, strengthen the industry regulator.