The Correlation Between The Audit Committee's Characteristics And The Quality Of The Accounting Disclosure

In the process of continuous development of the capital market,investors pay more and more attention to all kinds of listed corporations,especially the accounting information has been the focus of attention of all investors.The accounting information disclosed by the listed corporations reveals the results of the production activities,so the quality of the accounting information disclosure is of great significance.And the audit committee's main responsibility is to improve the quality of the accounting information disclosure.Therefore,this paper takes the Shenzhen listed corporations as the sample,examines the audit committee's independence,diligence and members'education level on the quality of the accounting information disclosure,and tests whether the ownership structure will affect the audit committee's governance effectiveness.The empirical result shows that:(1)In terms of the individual characteristics,the proportion of independent directors,the audit committee's diligence and the educational level of the members are positively correlated with the quality of the accounting information disclosure,but are not statistically significant.(2)After the introduction of the interaction between the equity structure and the characteristics of the audit committee,the audit committee's independence and diligence and the quality of the accounting information disclosure are positively correlated,and are statistically significant at the 1%and 5%level respectively.Furthermore,their interaction items are statistically significant at the 5%level.Neither the level of education nor its interaction item is statistically significant.The results of this paper have great theoretical significance and practical significance:(1)Little research considers the interaction between the audit committee and other internal governance mechanism.This paper examines the interaction between the equity structure and the audit committee,deepening the existing empirical research.(2)The conclusion of this paper is of great significance to perfect the audit committee system and balance the different internal governance mechanism.