The Impact of Audit Committee Information Technology Expertise on the Reliability and Timeliness of Financial Reporting
The Impact of Audit Committee Information Technology Expertise on the Reliability and Timeliness of Financial Reporting
复制标题
DOI：
10.2139/ssrn.3441789
复制
发表时间：
2019-08
期刊：
影响因子：
--
通讯作者：
Musaib Ashraf;Paul N. Michas;Dan Russomanno
中科院分区：
文献类型：
--
作者：
Musaib Ashraf;Paul N. Michas;Dan Russomanno
我们研究了审计委员会的信息技术专长是否会影响财务报告的可靠性和及时性。我们发现，重大重述的可能性降低，信息技术相关的重大弱点（占所有报告的重大弱点的55%）的可能性降低，审计委员会信息技术专业知识的公司更及时的盈利公告。这些研究结果是强大的控制一家公司的其他信息技术属性，以及使用熵平衡样本时，我们减轻endoform的关注，证据表明，我们的研究结果在子样本的公司，都拥有整体高质量的信息技术。最后，差异中的差异分析，包括公司的固定效应，和证伪测试在很大程度上支持我们的断言，即财务报告的质量显着提高了审计委员会的信息技术专家的存在。JEL分类：M41; M15。数据可用性：研究中使用的所有数据都是公开的。
We examine whether information technology expertise on audit committees impacts the reliability and timeliness of financial reporting. We find a reduction in the likelihood of material restatement, a reduction in the likelihood of information technology-related material weaknesses (which account for 55 percent of all reported material weaknesses), and more timely earnings announcements at firms with audit committee information technology expertise. These findings are robust to controlling for a firm's other information technology attributes, as well as when using entropy balanced samples, and we mitigate endogeneity concerns with evidence that our findings hold in a subsample of firms that all possess overall high-quality information technology. Finally, a difference-in-differences analysis, inclusion of firm fixed effects, and a falsification test largely support our assertion that the quality of financial reporting is significantly improved by the presence of an audit committee information technology expert. JEL Classifications: M41; M15. Data Availability: All data used in the study are publicly available.