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Do Personnel Stability, Family Business and Auditor Influence Financial Restatement?

Author

Listed:
  • Kai-Ling Chen

    (Department of Leisure Recreation and Travel Management, Toko University, Taiwan)

  • Shen-Ho Chang

    (Department of Accounting, Feng Chia University, Taiwan)

  • Teng-Shih Wang

    (Executive Officer, Finance Division, Taoyuan Metro Corporation, Taiwan)

Abstract

This paper explores how the interaction of four conditions (chief director stability, top management stability, family business and firms with Big4 auditor) results in restatements. This paper uses qualitative comparative analysis, which is a relatively new method applied in accounting research to examine the cause of the restatements systematically. The results show firms not audited by Big4 and family business are more possible to restate the financial reports due to accounting type errors. The results also imply that non family business audited by Big4 or family controlled firms not audited by Big4 have more chance to restate the financial reports due to material accounting errors. Last family business not audited by Big4 has more chance to restate the financial reports voluntarily.

Suggested Citation

  • Kai-Ling Chen & Shen-Ho Chang & Teng-Shih Wang, 2016. "Do Personnel Stability, Family Business and Auditor Influence Financial Restatement?," International Journal of Economics and Financial Issues, Econjournals, vol. 6(1), pages 245-251.
    • Handle: RePEc:eco:journ1:2016-01-33
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    More about this item

    Keywords

    Personnel Stability; Qualitative Comparative Analysis; Restatement;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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