The Empirical Study On The Board Characteristics And Accounting Conservatism Under The Internal Control

Accounting conservatism has been focused on theoretical and practical circles, the reason is that it is the core content of financial accounting information and accounting information quality, and then, it plays an irreplaceable role on the development of listed companies and protecting the investors’ long-term interests. But from the point of capital markets at home and abroad, the accounting information quality is not optimistic, problems emerge in endlessly:after Enron incident, Olympus event and other major financial fraud cases happened, this situation has restricted the improvement of accounting conservatism. Investigating its reason, theory and academia believe that is caused by the defect of corporate governance mechanism. However, the board of directors and internal control as the core content of corporate governance system, are responsible for the defect of corporate governance mechanisms, meanwhile they will impact on accounting conservatism. So, we study the board characteristics and accounting conservatism on internal control is conducive to the development of the company.This article chose the private listed companies as research samples, based on the mediating effect, putting the board characteristics, internal control and accounting conservatism in a content framework. Then, doing a deep analysis about internal control influence to the board characteristics and accounting conservatism, and finally to do some actively explore for corporate governance and accounting information quality.