Do Personnel Stability, Family Business and Auditor Influence Financial Restatement?
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AbstractThis paper explores how the interaction of four conditions (chief director stability, top management stability, family business and firms with big 4 auditor) results in restatements. This paper uses qualitative comparative analysis (QCA), 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 Big 4 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 Big 4 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 Big 4 has more chance to restate the financial reports voluntarily.Keywords: Personnel Stability; Qualitative Comparative Analysis; RestatementJEL Classifications: M40; M41
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Chen, K.-L., Chang, S.-H., & Wang, T.-S. (2016). Do Personnel Stability, Family Business and Auditor Influence Financial Restatement?. International Journal of Economics and Financial Issues, 6(1), 245–251. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/1570